Ginnie Mae Fund Price on April 3, 2024
| BGNAX Fund | USD 8.73 0.05 0.58% |
Below is the normalized historical share price chart for Ginnie Mae Fund extending back to January 20, 1998. 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 Ginnie Mae stands at 8.73, as last reported on the 5th of May, with the highest price reaching 8.73 and the lowest price hitting 8.73 during the day.
If you're considering investing in Ginnie Mutual Fund, it is important to understand the factors that can impact its price. Ginnie Mae Fund holds Efficiency (Sharpe) Ratio of -0.0223, which attests that the entity had a -0.0223% return per unit of risk over the last 3 months. Ginnie Mae Fund exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Ginnie Mae's Standard Deviation of 0.4641, market risk adjusted performance of (0.10), and Risk Adjusted Performance of (0.04) to validate the risk estimate we provide.
Ginnie Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Ginnie |
Sharpe Ratio = -0.0223
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| Negative Returns | BGNAX |
Estimated Market Risk
| 0.44 actual daily | 3 97% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Ginnie Mae is not performing at its full potential. However, 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 Ginnie Mae by adding Ginnie Mae to a well-diversified portfolio.
Ginnie Mae Valuation on April 3, 2024
It is possible to determine the worth of Ginnie Mae on a given historical date. On April 3, 2024 Ginnie was worth 8.8 at the beginning of the trading date compared to the closed value of 8.78. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ginnie Mae mutual fund. Still, in general, we apply an absolute valuation method to find Ginnie Mae'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 Ginnie Mae where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ginnie Mae's related companies.
| Open | High | Low | Close | Volume | |
| 8.80 | 8.80 | 8.78 | 8.78 | 1.00 | |
04/03/2024 | 8.80 | 8.80 | 8.78 | 8.78 | 1.00 |
| 8.82 | 8.82 | 8.80 | 8.80 | 1.00 |
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Ginnie Mae Trading Date Momentum on April 3, 2024
| On April 04 2024 Ginnie Mae Fund was traded for 8.80 at the closing time. The highest daily price throughout the period was 8.82 and the lowest price was 8.80 . There was no trading activity during the period 1.0. Lack of trading volume on 04/04/2024 added to the next day price jump. The overall trading delta to closing price of the next trading day was 0.23% . The overall trading delta to current closing price is 1.82% . |
Ginnie Mae Fund Fundamentals Correlations and Trends
By evaluating Ginnie Mae'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 Ginnie Mae's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ginnie financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ginnie Mae Mutual Fund history
Ginnie Mae 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 Ginnie is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ginnie Mae Fund 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 Ginnie Mae stock prices may prove useful in developing a viable investing in Ginnie Mae
Under normal market conditions, the fund invests at least 80 percent of its net assets in securities issued by the Government National Mortgage Association . GNMA certificates represent interests in pools of mortgage loans and in the cash flows from these loans. To generate additional income, the fund may purchase securities, including mortgage dollar rolls, in advance through when-issued and forward commitment transactions. It may commit up to 35 percent of its total assets to such transactions.
Ginnie Mae Mutual Fund Technical Analysis
Ginnie Mae 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
Ginnie Mae Period Price Range
Low | April 3, 2024
| High |
8.80 | 8.78 |
Ginnie Mae May 5, 2024 Market Strength
Market strength indicators help investors to evaluate how Ginnie Mae 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 Ginnie Mae shares will generate the highest return on investment. By undertsting and applying Ginnie Mae mutual fund market strength indicators, traders can identify Ginnie Mae Fund entry and exit signals to maximize returns
Ginnie Mae Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ginnie Mae's price direction in advance. Along with the technical and fundamental analysis of Ginnie Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ginnie 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 | (0.04) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.11) |
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| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ginnie Mae Fund. 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 nation. Note that the Ginnie Mae Fund information on this page should be used as a complementary analysis to other Ginnie Mae'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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.