21Shares Aave (France) Price on July 19, 2024
| AAVE Etf | 22.96 0.04 0.17% |
If you're considering investing in 21Shares Etf, it is important to understand the factors that can impact its price. As of today, the current price of 21Shares Aave stands at 22.96, as last reported on the 3rd of December, with the highest price reaching 23.30 and the lowest price hitting 22.83 during the day. 21Shares Aave appears to be somewhat reliable, given 3 months investment horizon. 21Shares Aave ETP secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the etf had a 0.13% return per unit of risk over the last 3 months. By inspecting 21Shares Aave's technical indicators, you can evaluate if the expected return of 0.93% is justified by implied risk. Please makes use of 21Shares Aave's mean deviation of 4.6, and Coefficient Of Variation of 655.84 to double-check if our risk estimates are consistent with your expectations.
21Shares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
21Shares |
Sharpe Ratio = 0.1348
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Estimated Market Risk
| 6.86 actual daily | 61 61% of assets are less volatile |
Expected Return
| 0.93 actual daily | 18 82% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average 21Shares Aave is performing at about 10% 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 21Shares Aave by adding it to a well-diversified portfolio.
21Shares Aave Valuation on July 19, 2024
It is possible to determine the worth of 21Shares Aave on a given historical date. On July 19, 2024 21Shares was worth 10.89 at the beginning of the trading date compared to the closed value of 11.15. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of 21Shares Aave etf. Still, in general, we apply an absolute valuation method to find 21Shares Aave'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 21Shares Aave where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against 21Shares Aave's related companies.
| Open | High | Low | Close | Volume | |
| 11.19 | 11.19 | 11.19 | 11.19 | 1.00 | |
07/19/2024 | 10.89 | 11.15 | 10.89 | 11.15 | 500.00 |
| 10.72 | 10.72 | 10.67 | 10.67 | 50.00 |
| Backtest 21Shares Aave | | | 21Shares Aave History | Previous | Next |
21Shares Aave Trading Date Momentum on July 19, 2024
| On July 22 2024 21Shares Aave ETP was traded for 10.67 at the closing time. The highest price during the trading period was 10.72 and the lowest recorded bid was listed for 10.67 . The volume for the day was 50.0. This history from July 22, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 4.30% . The daily price change to the current price is 3.86% . |
Price Boundaries
21Shares Aave Period Price Range
Low | December 3, 2024
| High |
0.00 | 0.00 |
21Shares Aave ETP cannot be verified against its exchange. Please verify the symbol is currently traded on Euronext Paris. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
21Shares Aave December 3, 2024 Market Strength
Market strength indicators help investors to evaluate how 21Shares Aave etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 21Shares Aave shares will generate the highest return on investment. By undertsting and applying 21Shares Aave etf market strength indicators, traders can identify 21Shares Aave ETP entry and exit signals to maximize returns
21Shares Aave Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for 21Shares Aave's price direction in advance. Along with the technical and fundamental analysis of 21Shares Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of 21Shares 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.