Microsectors Solactive Fang Etf Price on January 17, 2024
| BULZ Etf | USD 163.11 1.26 0.78% |
If you're considering investing in MicroSectors Etf, it is important to understand the factors that can impact its price. As of today, the current price of MicroSectors Solactive stands at 163.11, as last reported on the 24th of November, with the highest price reaching 163.11 and the lowest price hitting 159.64 during the day. MicroSectors Solactive appears to be very steady, given 3 months investment horizon. MicroSectors Solactive has Sharpe Ratio of 0.0976, which conveys that the entity had a 0.0976% return per unit of risk over the last 3 months. We have found thirty technical indicators for MicroSectors Solactive, which you can use to evaluate the volatility of the etf. Please exercise MicroSectors Solactive's Mean Deviation of 3.14, downside deviation of 5.15, and Risk Adjusted Performance of 0.08 to check out if our risk estimates are consistent with your expectations.
MicroSectors Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
MicroSectors |
Sharpe Ratio = 0.0976
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Estimated Market Risk
| 4.33 actual daily | 38 62% of assets are more volatile |
Expected Return
| 0.42 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average MicroSectors Solactive is performing at about 7% 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 MicroSectors Solactive by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 645 K |
MicroSectors Solactive Valuation on January 17, 2024
It is possible to determine the worth of MicroSectors Solactive on a given historical date. On January 17, 2024 MicroSectors was worth 105.88 at the beginning of the trading date compared to the closed value of 106.42. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of MicroSectors Solactive etf. Still, in general, we apply an absolute valuation method to find MicroSectors Solactive'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 MicroSectors Solactive where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against MicroSectors Solactive's related companies.
| Open | High | Low | Close | Volume | |
| 105.61 | 109.74 | 105.28 | 108.14 | 194,200 | |
01/17/2024 | 105.88 | 106.62 | 100.96 | 106.42 | 180,800 |
| 110.15 | 112.07 | 107.33 | 110.76 | 346,600 |
| Backtest MicroSectors Solactive | | | MicroSectors Solactive History | | | MicroSectors Solactive Valuation | Previous | Next |
MicroSectors Solactive Trading Date Momentum on January 17, 2024
| On January 18 2024 MicroSectors Solactive FANG was traded for 110.76 at the closing time. The top price for the day was 112.07 and the lowest listed price was 107.33 . The trading volume for the day was 346.6 K. The trading history from January 18, 2024 was a factor to the next trading day price jump. The overall trading delta against the next closing price was 4.08% . The trading delta at closing time against the current closing price is 14.96% . |
MicroSectors Solactive Fundamentals Correlations and Trends
By evaluating MicroSectors Solactive'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 MicroSectors Solactive's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. MicroSectors financial account trend analysis is a perfect complement when working with valuation or volatility modules.About MicroSectors Solactive Etf history
MicroSectors Solactive 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 MicroSectors is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in MicroSectors Solactive 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 MicroSectors Solactive stock prices may prove useful in developing a viable investing in MicroSectors Solactive
MicroSectors Solactive Etf Technical Analysis
MicroSectors Solactive 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
MicroSectors Solactive Period Price Range
Low | November 24, 2024
| High |
0.00 | 0.00 |
MicroSectors Solactive FANG 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.
MicroSectors Solactive November 24, 2024 Market Strength
Market strength indicators help investors to evaluate how MicroSectors Solactive etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MicroSectors Solactive shares will generate the highest return on investment. By undertsting and applying MicroSectors Solactive etf market strength indicators, traders can identify MicroSectors Solactive FANG entry and exit signals to maximize returns
MicroSectors Solactive Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for MicroSectors Solactive's price direction in advance. Along with the technical and fundamental analysis of MicroSectors Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of MicroSectors 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 | 0.08 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | 0.0537 | |||
| Treynor Ratio | 0.1068 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in MicroSectors Solactive FANG. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
The market value of MicroSectors Solactive is measured differently than its book value, which is the value of MicroSectors that is recorded on the company's balance sheet. Investors also form their own opinion of MicroSectors Solactive's value that differs from its market value or its book value, called intrinsic value, which is MicroSectors Solactive'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 MicroSectors Solactive's market value can be influenced by many factors that don't directly affect MicroSectors Solactive'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 MicroSectors Solactive's value and its price as these two are different measures arrived at by different means. Investors typically determine if MicroSectors Solactive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MicroSectors Solactive'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.