WIRELESS Mutual Fund Quote

WIREX
 Fund
  

USD 11.57  0.12  1.05%   

Market Performance
4 of 100
Odds Of Distress
Less than 1
WIRELESS FUND is trading at 11.57 as of the 9th of August 2022; that is 1.05 percent increase since the beginning of the trading day. The fund's open price was 11.45. WIRELESS FUND has a very small chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for WIRELESS FUND are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 10th of June 2022 and ending today, the 9th of August 2022. Click here to learn more.
The fund, under normal market conditions, invests at least 80 percent of its assets in the securities of companies engaged in the development, production, or distribution of wireless related products or services. WIRELESS FUND is traded on NASDAQ Exchange in the United States. More on WIRELESS FUND

Moving together with WIRELESS FUND

0.63CSCOCisco Systems Fiscal Year End 17th of August 2022 PairCorr

WIRELESS FUND 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. If you consider yourself one of those investors, make sure you clearly understand your entering position. WIRELESS FUND's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding WIRELESS FUND or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
WIRELESS FUND is unlikely to experience financial distress in the next 2 years
Latest headline from www.eu-startups.com: Launches, Partnerships Expansions Interesting startup milestones we tracked this week - EU-Startups
The fund keeps 98.82% of its net assets in stocks
Thematic IdeaTech Funds (view all)
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of WIRELESS FUND's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldFairly Valued
Beta In Three Year0.94
Startdate3rd of April 2000
WIRELESS FUND [WIREX] is traded in USA and was established 9th of August 2022. The fund is listed under Technology category and is part of Wireless family. The entity is thematically classified as Tech Funds. WIRELESS FUND at this time has accumulated 7.42 M in net assets with minimum initial investment of 5 K. , while the total return for the last 3 years was 15.12%.
Check WIRELESS FUND Probability Of Bankruptcy

Instrument Allocation

Sector Allocation (%)

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on WIRELESS Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding WIRELESS Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as WIRELESS FUND Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Top WIRELESS FUND Constituents

WIRELESS FUND Target Price Odds Analysis

What are WIRELESS FUND's target price odds to finish over the current price? Based on a normal probability distribution, the odds of WIRELESS FUND jumping above the current price in 90 days from now is about 5.71%. The WIRELESS FUND probability density function shows the probability of WIRELESS FUND mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the mutual fund has a beta coefficient of 1.5371. This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, WIRELESS FUND will likely underperform. Additionally, the company has an alpha of 0.0421, implying that it can generate a 0.0421 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 11.57HorizonTargetOdds Above 11.57
94.22%90 days
 11.57 
5.71%
Based on a normal probability distribution, the odds of WIRELESS FUND to move above the current price in 90 days from now is about 5.71 (This WIRELESS FUND probability density function shows the probability of WIRELESS Mutual Fund to fall within a particular range of prices over 90 days) .

WIRELESS FUND Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. WIRELESS FUND market risk premium is the additional return an investor will receive from holding WIRELESS FUND 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 WIRELESS FUND. 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 WIRELESS FUND's alpha and beta are two of the key measurements used to evaluate WIRELESS FUND's performance over the market, the standard measures of volatility play an important role as well.

WIRELESS FUND Against Markets

Picking the right benchmark for WIRELESS FUND 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 WIRELESS FUND 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 WIRELESS FUND is critical whether you are bullish or bearish towards WIRELESS FUND at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in WIRELESS FUND without increasing your portfolio risk or giving up 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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Invested in WIRELESS FUND?

You need to understand the risk of investing before taking a position in WIRELESS FUND. The danger of trading WIRELESS FUND 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 WIRELESS FUND 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 WIRELESS FUND. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile WIRELESS FUND 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 Your Current Watchlist. Note that the WIRELESS FUND information on this page should be used as a complementary analysis to other WIRELESS FUND'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 Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

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When running WIRELESS FUND price analysis, check to measure WIRELESS FUND'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 WIRELESS FUND is operating at the current time. Most of WIRELESS FUND's value examination focuses on studying past and present price action to predict the probability of WIRELESS FUND's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move WIRELESS FUND's price. Additionally, you may evaluate how the addition of WIRELESS FUND to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between WIRELESS FUND's value and its price as these two are different measures arrived at by different means. Investors typically determine WIRELESS FUND value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WIRELESS FUND'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.