Sonicshares Global Shipping Etf Price on December 13, 2023
| BOAT Etf | USD 30.13 0.38 1.25% |
If you're considering investing in SonicShares Etf, it is important to understand the factors that can impact its price. As of today, the current price of SonicShares Global stands at 30.13, as last reported on the 12th of December 2024, with the highest price reaching 30.57 and the lowest price hitting 30.03 during the day. SonicShares Global owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0661, which indicates the etf had a -0.0661% return per unit of risk over the last 3 months. SonicShares Global Shipping exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SonicShares Global's Variance of 2.23, risk adjusted performance of (0.01), and Coefficient Of Variation of (6,034) to confirm the risk estimate we provide.
SonicShares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
SonicShares |
Sharpe Ratio = -0.0661
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| Negative Returns | BOAT |
Estimated Market Risk
| 1.49 actual daily | 13 87% of assets are more volatile |
Expected Return
| -0.1 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average SonicShares Global 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 SonicShares Global by adding SonicShares Global to a well-diversified portfolio.
Average Mkt Cap Mil 4.3 K |
SonicShares Global Valuation on December 13, 2023
It is possible to determine the worth of SonicShares Global on a given historical date. On December 13, 2023 SonicShares was worth 25.52 at the beginning of the trading date compared to the closed value of 25.84. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SonicShares Global etf. Still, in general, we apply an absolute valuation method to find SonicShares Global'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 SonicShares Global where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SonicShares Global's related companies.
| Open | High | Low | Close | Volume | |
| 25.74 | 25.76 | 25.60 | 25.72 | 16,600 | |
12/13/2023 | 25.52 | 25.84 | 25.32 | 25.84 | 22,400 |
| 26.17 | 26.32 | 26.07 | 26.19 | 23,100 |
| Backtest SonicShares Global | | | SonicShares Global History | | | SonicShares Global Valuation | Previous | Next |
SonicShares Global Trading Date Momentum on December 13, 2023
| On December 14 2023 SonicShares Global Shipping was traded for 26.19 at the closing time. The top price for the day was 26.32 and the lowest listed price was 26.07 . The trading volume for the day was 23.1 K. The trading history from December 14, 2023 was a factor to the next trading day price appreciation. The overall trading delta against the next closing price was 1.35% . The trading price change against the current closing price is 14.98% . |
SonicShares Global Fundamentals Correlations and Trends
By evaluating SonicShares Global'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 SonicShares Global's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. SonicShares financial account trend analysis is a perfect complement when working with valuation or volatility modules.About SonicShares Global Etf history
SonicShares Global 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 SonicShares is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in SonicShares Global 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 SonicShares Global stock prices may prove useful in developing a viable investing in SonicShares Global
The index is a rules-based index that seeks to provide exposure to a global portfolio of companies identified as being engaged in the water transportation industry. Sonicshares Global is traded on NYSEARCA Exchange in the United States.
SonicShares Global Etf Technical Analysis
SonicShares Global 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
SonicShares Global Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
SonicShares Global Shipping 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.
SonicShares Global December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how SonicShares Global etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SonicShares Global shares will generate the highest return on investment. By undertsting and applying SonicShares Global etf market strength indicators, traders can identify SonicShares Global Shipping entry and exit signals to maximize returns
SonicShares Global Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for SonicShares Global's price direction in advance. Along with the technical and fundamental analysis of SonicShares Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of SonicShares 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 | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 0.3365 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in SonicShares Global Shipping. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
The market value of SonicShares Global is measured differently than its book value, which is the value of SonicShares that is recorded on the company's balance sheet. Investors also form their own opinion of SonicShares Global's value that differs from its market value or its book value, called intrinsic value, which is SonicShares Global'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 SonicShares Global's market value can be influenced by many factors that don't directly affect SonicShares Global'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 SonicShares Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if SonicShares Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SonicShares Global'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.