Amana Participation Fund Price on March 11, 2024
| AMIPX Fund | USD 9.60 0.01 0.10% |
Below is the normalized historical share price chart for Amana Participation Fund extending back to September 28, 2015. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Amana Participation stands at 9.60, as last reported on the 12th of June 2024, with the highest price reaching 9.60 and the lowest price hitting 9.60 during the day.
If you're considering investing in Amana Mutual Fund, it is important to understand the factors that can impact its price. We consider Amana Participation very steady. Amana Participation secures Sharpe Ratio (or Efficiency) of 0.0587, which signifies that the fund had a 0.0587% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Amana Participation Fund, which you can use to evaluate the volatility of the entity. Please confirm Amana Participation's mean deviation of 0.1161, and Risk Adjusted Performance of 0.0087 to double-check if the risk estimate we provide is consistent with the expected return of 0.0103%.
Amana Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Amana |
Sharpe Ratio = 0.0587
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| Negative Returns | AMIPX |
Estimated Market Risk
| 0.17 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Amana Participation is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Amana Participation by adding it to a well-diversified portfolio.
Amana Participation Valuation on March 11, 2024
It is possible to determine the worth of Amana Participation on a given historical date. On March 11, 2024 Amana was worth 9.56 at the beginning of the trading date compared to the closed value of 9.56. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Amana Participation mutual fund. Still, in general, we apply an absolute valuation method to find Amana Participation's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Amana Participation where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Amana Participation's related companies.
| Open | High | Low | Close | Volume | |
| 9.55 | 9.55 | 9.55 | 9.55 | 1.00 | |
03/11/2024 | 9.56 | 9.56 | 9.56 | 9.56 | 1.00 |
| 9.55 | 9.55 | 9.55 | 9.55 | 1.00 |
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Amana Participation Trading Date Momentum on March 11, 2024
| On March 12 2024 Amana Participation Fund was traded for 9.55 at the closing time. The highest daily price throughout the period was 9.55 and the lowest price was 9.55 . There was no trading activity during the period 1.0. Lack of trading volume on 03/12/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.10% . The overall trading delta to current closing price is 0.21% . |
Amana Participation Fundamentals Correlations and Trends
By evaluating Amana Participation's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Amana Participation's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Amana financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Amana Participation Mutual Fund history
Amana Participation investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Amana is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Amana Participation will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Amana Participation stock prices may prove useful in developing a viable investing in Amana Participation
Under normal conditions, the fund invests at least 80 percent of its total net assets in short and intermediate-term Islamic income-producing investments. It invests at least 65 percent of its assets in securities rated within the four highest grades by a nationally-recognized rating agency and may invest up to 35 percent in unrated and high-yield notes and certificates, which may be considered equivalent to junk bonds. The fund is non-diversified.
Amana Participation Mutual Fund Technical Analysis
Amana Participation technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Amana Participation Period Price Range
Low | March 11, 2024
| High |
9.56 | 9.56 |
Amana Participation June 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Amana Participation mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Amana Participation shares will generate the highest return on investment. By undertsting and applying Amana Participation mutual fund market strength indicators, traders can identify Amana Participation Fund entry and exit signals to maximize returns
Amana Participation Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Amana Participation's price direction in advance. Along with the technical and fundamental analysis of Amana Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Amana to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0087 | |||
| Jensen Alpha | (0.0003) | |||
| Total Risk Alpha | 0.0012 | |||
| Sortino Ratio | 0.0252 | |||
| Treynor Ratio | (0.02) |
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Other Information on Investing in Amana Mutual Fund
Amana Participation financial ratios help investors to determine whether Amana Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Amana with respect to the benefits of owning Amana Participation security.
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