Qqd Etf Profile
QQD is trading at 23.18 as of the 27th of November 2024, a No Change since the beginning of the trading day. The etf's lowest day price was 23.18. Equity ratings for QQD are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of February 2024 and ending today, the 27th of November 2024. Click here to learn more.
QQD Etf Highlights
| Old Name | Simplify Nasdaq 100 plus Downside convexity ETF |
| Business Concentration | Large Growth, Simplify Asset Management (View all Sectors) |
| Nav Price | 21.3 |
| Two Hundred Day Average | 24.45 |
| Ytd | -31.94% |
| Average Daily Volume In Three Month | 11.98k |
| Fifty Two Week Low | 19.68 |
| As Of Date | 25th of October 2022 |
| Average Daily Volume Last 10 Day | 4.5k |
| Fifty Two Week High | 33.97 |
| One Month | -5.23% |
| Fifty Day Average | 21.52 |
| Three Month | -7.23% |
QQD [QQD] is traded in USA and was established 2020-12-10. The fund is classified under Large Growth category within Simplify Asset Management family. QQD at this time have 18.29 M in assets. , while the total return for the last year was -28.48%.
Check QQD Probability Of Bankruptcy
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 QQD Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding QQD Etf, 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 QQD Etf, 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 QQD Etf Constituents
| QQQ | Invesco QQQ Trust | Etf | Large Growth |
QQD Risk Profiles
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 QQD. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Mean Deviation | 0.8009 | |||
| Semi Deviation | 0.8839 | |||
| Standard Deviation | 1.06 | |||
| Variance | 1.13 |
QQD Against Markets
QQD Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with QQD etf to make a market-neutral strategy. Peer analysis of QQD could also be used in its relative valuation, which is a method of valuing QQD by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in producer price index. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
The market value of QQD is measured differently than its book value, which is the value of QQD that is recorded on the company's balance sheet. Investors also form their own opinion of QQD's value that differs from its market value or its book value, called intrinsic value, which is QQD's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because QQD's market value can be influenced by many factors that don't directly affect QQD's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between QQD's value and its price as these two are different measures arrived at by different means. Investors typically determine if QQD is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, QQD'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.