Etracs Alerian Midstream Etf Price on October 24, 2024
| AMNA Etf | USD 56.52 0.71 1.27% |
Below is the normalized historical share price chart for ETRACS Alerian Midstream extending back to June 22, 2020. 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 ETRACS Alerian stands at 56.52, as last reported on the 30th of November, with the highest price reaching 56.52 and the lowest price hitting 56.52 during the day.
If you're considering investing in ETRACS Etf, it is important to understand the factors that can impact its price. ETRACS Alerian appears to be very steady, given 3 months investment horizon. ETRACS Alerian Midstream secures Sharpe Ratio (or Efficiency) of 0.35, which denotes the etf had a 0.35% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for ETRACS Alerian Midstream, which you can use to evaluate the volatility of the entity. Please utilize ETRACS Alerian's Mean Deviation of 0.7121, market risk adjusted performance of 0.6648, and Downside Deviation of 0.7005 to check if our risk estimates are consistent with your expectations.
ETRACS Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 18.98 | 200 Day MA 45.0467 | 1 y Volatility 14.41 | 50 Day MA 50.6479 | Inception Date 2020-06-23 |
ETRACS |
Sharpe Ratio = 0.3474
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Estimated Market Risk
| 0.89 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.31 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.35 actual daily | 27 73% of assets perform better |
Based on monthly moving average ETRACS Alerian is performing at about 27% 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 ETRACS Alerian by adding it to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
ETRACS Alerian Valuation on October 24, 2024
It is possible to determine the worth of ETRACS Alerian on a given historical date. On October 24, 2024 ETRACS was worth 49.65 at the beginning of the trading date compared to the closed value of 49.69. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ETRACS Alerian etf. Still, in general, we apply an absolute valuation method to find ETRACS Alerian'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 ETRACS Alerian where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ETRACS Alerian's related companies.
| Open | High | Low | Close | Volume | |
| 49.38 | 49.38 | 49.38 | 49.38 | 95.00 | |
10/24/2024 | 49.65 | 49.69 | 49.65 | 49.69 | 122.00 |
| 49.49 | 49.49 | 49.49 | 49.49 | 82.00 |
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ETRACS Alerian Trading Date Momentum on October 24, 2024
| On October 25 2024 ETRACS Alerian Midstream was traded for 49.49 at the closing time. The top price for the day was 49.49 and the lowest listed price was 49.49 . The trading volume for the day was 82.0. The trading history from October 25, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.40% . The overall trading delta against the current closing price is 0.26% . |
ETRACS Alerian Midstream Fundamentals Correlations and Trends
By evaluating ETRACS Alerian'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 ETRACS Alerian's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. ETRACS financial account trend analysis is a perfect complement when working with valuation or volatility modules.About ETRACS Alerian Etf history
ETRACS Alerian 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 ETRACS is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ETRACS Alerian Midstream 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 ETRACS Alerian stock prices may prove useful in developing a viable investing in ETRACS Alerian
ETRACS Alerian Etf Technical Analysis
ETRACS Alerian technical etf 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, etf market cycles, or different charting patterns.
Price Boundaries
ETRACS Alerian Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
ETRACS Alerian Midstream cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. 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.
ETRACS Alerian November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how ETRACS Alerian etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ETRACS Alerian shares will generate the highest return on investment. By undertsting and applying ETRACS Alerian etf market strength indicators, traders can identify ETRACS Alerian Midstream entry and exit signals to maximize returns
ETRACS Alerian Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ETRACS Alerian's price direction in advance. Along with the technical and fundamental analysis of ETRACS Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of ETRACS 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 | 0.2781 | |||
| Jensen Alpha | 0.2515 | |||
| Total Risk Alpha | 0.1637 | |||
| Sortino Ratio | 0.2638 | |||
| Treynor Ratio | 0.6548 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ETRACS Alerian Midstream. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
The market value of ETRACS Alerian Midstream is measured differently than its book value, which is the value of ETRACS that is recorded on the company's balance sheet. Investors also form their own opinion of ETRACS Alerian's value that differs from its market value or its book value, called intrinsic value, which is ETRACS Alerian'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 ETRACS Alerian's market value can be influenced by many factors that don't directly affect ETRACS Alerian'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 ETRACS Alerian's value and its price as these two are different measures arrived at by different means. Investors typically determine if ETRACS Alerian is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETRACS Alerian'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.