Breakwave Dry Bulk Etf Price on January 16, 2024
| BDRY Etf | USD 7.41 0.04 0.54% |
Below is the normalized historical share price chart for Breakwave Dry Bulk extending back to March 22, 2018. 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 Breakwave Dry stands at 7.41, as last reported on the 27th of November, with the highest price reaching 7.41 and the lowest price hitting 7.25 during the day.
If you're considering investing in Breakwave Etf, it is important to understand the factors that can impact its price. Breakwave Dry Bulk secures Sharpe Ratio (or Efficiency) of -0.22, which signifies that the etf had a -0.22% return per unit of standard deviation over the last 3 months. Breakwave Dry Bulk exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Breakwave Dry's risk adjusted performance of (0.14), and Mean Deviation of 2.18 to double-check the risk estimate we provide.
Breakwave Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 78.65 | 200 Day MA 11.6048 | 1 y Volatility 103.09 | 50 Day MA 8.8407 | Inception Date 2018-03-21 |
Breakwave |
Sharpe Ratio = -0.222
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| Negative Returns | BDRY |
Estimated Market Risk
| 2.7 actual daily | 24 76% of assets are more volatile |
Expected Return
| -0.6 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.22 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Breakwave Dry 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 Breakwave Dry by adding Breakwave Dry to a well-diversified portfolio.
Average Mkt Cap Mil 7.9 K | Market Capitalisation {Big=48.19615, Small=0, Mega=0, Medium=0, Micro=0} |
Breakwave Dry Valuation on January 16, 2024
It is possible to determine the worth of Breakwave Dry on a given historical date. On January 16, 2024 Breakwave was worth 9.58 at the beginning of the trading date compared to the closed value of 9.77. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Breakwave Dry etf. Still, in general, we apply an absolute valuation method to find Breakwave Dry'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 Breakwave Dry where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Breakwave Dry's related companies.
| Open | High | Low | Close | Volume | |
| 9.57 | 9.60 | 9.43 | 9.50 | 85,800 | |
01/16/2024 | 9.58 | 9.90 | 9.54 | 9.77 | 224,896 |
| 10.00 | 10.33 | 9.95 | 10.06 | 279,900 |
| Backtest Breakwave Dry | | | Breakwave Dry History | | | Breakwave Dry Valuation | Previous | Next |
Breakwave Dry Trading Date Momentum on January 16, 2024
| On January 17 2024 Breakwave Dry Bulk was traded for 10.06 at the closing time. The top price for the day was 10.33 and the lowest listed price was 9.95 . The trading volume for the day was 279.9 K. The trading history from January 17, 2024 was a factor to the next trading day price jump. The overall trading delta against the next closing price was 2.97% . The overall trading delta against the current closing price is 13.20% . |
Breakwave Dry Bulk Fundamentals Correlations and Trends
By evaluating Breakwave Dry'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 Breakwave Dry's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Breakwave financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Breakwave Dry Etf history
Breakwave Dry 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 Breakwave is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Breakwave Dry Bulk 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 Breakwave Dry stock prices may prove useful in developing a viable investing in Breakwave Dry
The fund seeks to achieve its investment objective by investing substantially all of its assets in the Freight Futures currently constituting the Benchmark Portfolio. Breakwave Dry is traded on NYSEARCA Exchange in the United States.
Breakwave Dry Etf Technical Analysis
Breakwave Dry 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
Breakwave Dry Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Breakwave Dry Bulk 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.
Breakwave Dry November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Breakwave Dry etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Breakwave Dry shares will generate the highest return on investment. By undertsting and applying Breakwave Dry etf market strength indicators, traders can identify Breakwave Dry Bulk entry and exit signals to maximize returns
Breakwave Dry Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Breakwave Dry's price direction in advance. Along with the technical and fundamental analysis of Breakwave Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Breakwave 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 | (0.14) | |||
| Jensen Alpha | (0.51) | |||
| Total Risk Alpha | (0.95) | |||
| Treynor Ratio | 4.04 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Breakwave Dry Bulk. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
The market value of Breakwave Dry Bulk is measured differently than its book value, which is the value of Breakwave that is recorded on the company's balance sheet. Investors also form their own opinion of Breakwave Dry's value that differs from its market value or its book value, called intrinsic value, which is Breakwave Dry'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 Breakwave Dry's market value can be influenced by many factors that don't directly affect Breakwave Dry'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 Breakwave Dry's value and its price as these two are different measures arrived at by different means. Investors typically determine if Breakwave Dry is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Breakwave Dry'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.