Renminbi Yuan Bond Fund Quote

GARBX Fund  USD 11.15  0.01  0.09%   

Performance

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Odds Of Distress

Less than 44

 
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Renminbi Yuan is trading at 11.15 as of the 28th of March 2024; that is -0.09 percent decrease since the beginning of the trading day. The fund's open price was 11.16. Renminbi Yuan has about a 44 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Renminbi Yuan Bond are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 7th of July 2022 and ending today, the 28th of March 2024. Click here to learn more.
The fund invests at least 80 percent of its net assets in a combination of Renminbi Yuan-denominated bonds that are issued by corporations and by the Chinese government. It may, when desirable, invest up to 20 percent of its net assets in convertible securities of companies connected to the China region. More on Renminbi Yuan Bond

Moving together with RENMINBI Mutual Fund

  0.67ICHKX Guinness Atkinson ChinaPairCorr
  0.66GAGEX Guinness Atkinson GlobalPairCorr
  0.61IASMX Guinness Atkinson AsiaPairCorr

RENMINBI Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Renminbi Yuan's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Renminbi Yuan or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Fund ConcentrationGuinness Atkinson Funds, Emerging-Markets Local-Currency Bond Funds, Emerging-Markets Local-Currency Bond, Guinness Atkinson (View all Sectors)
Update Date31st of March 2024
Expense Ratio Date1st of May 2023
Fiscal Year EndDecember
Renminbi Yuan Bond [GARBX] is traded in USA and was established 28th of March 2024. Renminbi Yuan is listed under Guinness Atkinson category by Fama And French industry classification. The fund is listed under Emerging-Markets Local-Currency Bond category and is part of Guinness Atkinson family. This fund currently has accumulated 4.17 M in assets under management (AUM) with minimum initial investment of 10 K. Renminbi Yuan Bond is currently producing year-to-date (YTD) return of 0.18% with the current yeild of 0.0%, while the total return for the last 3 years was -2.68%.
Check Renminbi Yuan Probability Of Bankruptcy

Instrument Allocation

Renminbi Yuan Target Price Odds Analysis

Based on a normal probability distribution, the odds of Renminbi Yuan jumping above the current price in 90 days from now is about 72.24%. The Renminbi Yuan Bond probability density function shows the probability of Renminbi Yuan mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Renminbi Yuan has a beta of 0.0159. This usually indicates as returns on the market go up, Renminbi Yuan average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Renminbi Yuan Bond will be expected to be much smaller as well. Additionally, renminbi Yuan Bond has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 11.15HorizonTargetOdds Above 11.15
25.09%90 days
 11.15 
72.24%
Based on a normal probability distribution, the odds of Renminbi Yuan to move above the current price in 90 days from now is about 72.24 (This Renminbi Yuan Bond probability density function shows the probability of RENMINBI Mutual Fund to fall within a particular range of prices over 90 days) .

Renminbi Yuan Bond Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Renminbi Yuan market risk premium is the additional return an investor will receive from holding Renminbi Yuan long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Renminbi Yuan. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Renminbi Yuan's alpha and beta are two of the key measurements used to evaluate Renminbi Yuan's performance over the market, the standard measures of volatility play an important role as well.

Renminbi Yuan Against Markets

Picking the right benchmark for Renminbi Yuan mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Renminbi Yuan mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Renminbi Yuan is critical whether you are bullish or bearish towards Renminbi Yuan Bond at a given time. Please also check how Renminbi Yuan's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Renminbi Yuan without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy RENMINBI Mutual Fund?

Before investing in Renminbi Yuan, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Renminbi Yuan. To buy Renminbi Yuan fund, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Renminbi Yuan. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Renminbi Yuan fund. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Renminbi Yuan Bond fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Renminbi Yuan Bond fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Renminbi Yuan Bond, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Renminbi Yuan Bond?

The danger of trading Renminbi Yuan Bond is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Renminbi Yuan is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Renminbi Yuan. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Renminbi Yuan Bond is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Renminbi Yuan Bond. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Note that the Renminbi Yuan Bond information on this page should be used as a complementary analysis to other Renminbi Yuan's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

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When running Renminbi Yuan's price analysis, check to measure Renminbi Yuan's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Renminbi Yuan is operating at the current time. Most of Renminbi Yuan's value examination focuses on studying past and present price action to predict the probability of Renminbi Yuan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renminbi Yuan's price. Additionally, you may evaluate how the addition of Renminbi Yuan to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Renminbi Yuan's value and its price as these two are different measures arrived at by different means. Investors typically determine if Renminbi Yuan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Renminbi Yuan's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.