Etracs Monthly Pay Etf Price on June 7, 2024
| CEFD Etf | USD 20.38 0.16 0.79% |
Below is the normalized historical share price chart for ETRACS Monthly Pay extending back to June 03, 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 Monthly stands at 20.38, as last reported on the 26th of November, with the highest price reaching 20.38 and the lowest price hitting 20.22 during the day.
If you're considering investing in ETRACS Etf, it is important to understand the factors that can impact its price. At this point, ETRACS Monthly is very steady. ETRACS Monthly Pay secures Sharpe Ratio (or Efficiency) of 0.0983, which denotes the etf had a 0.0983% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for ETRACS Monthly Pay, which you can use to evaluate the volatility of the entity. Please confirm ETRACS Monthly's Mean Deviation of 0.6546, downside deviation of 0.9236, and Market Risk Adjusted Performance of 0.1448 to check if the risk estimate we provide is consistent with the expected return of 0.0888%.
ETRACS Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 22.74 | 200 Day MA 19.6725 | 1 y Volatility 15.28 | 50 Day MA 20.3711 | Inception Date 2020-06-02 |
ETRACS |
Sharpe Ratio = 0.0983
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Estimated Market Risk
| 0.9 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average ETRACS Monthly 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 ETRACS Monthly by adding it to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
ETRACS Monthly Valuation on June 7, 2024
It is possible to determine the worth of ETRACS Monthly on a given historical date. On June 7, 2024 ETRACS was worth 18.16 at the beginning of the trading date compared to the closed value of 18.18. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ETRACS Monthly etf. Still, in general, we apply an absolute valuation method to find ETRACS Monthly'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 Monthly where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ETRACS Monthly's related companies.
| Open | High | Low | Close | Volume | |
| 18.25 | 18.27 | 18.19 | 18.21 | 1,800 | |
06/07/2024 | 18.16 | 18.19 | 18.16 | 18.18 | 900.00 |
| 18.21 | 18.21 | 18.15 | 18.15 | 800.00 |
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ETRACS Monthly Trading Date Momentum on June 7, 2024
| On June 10 2024 ETRACS Monthly Pay was traded for 18.15 at the closing time. The top price for the day was 18.21 and the lowest listed price was 18.15 . The trading volume for the day was 800. The trading history from June 10, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.17% . The overall trading delta against the current closing price is 0.39% . |
ETRACS Monthly Pay Fundamentals Correlations and Trends
By evaluating ETRACS Monthly'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 Monthly'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 Monthly Etf history
ETRACS Monthly 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 Monthly Pay 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 Monthly stock prices may prove useful in developing a viable investing in ETRACS Monthly
The index is a mutual fund index designed to serve as a benchmark for closed-end funds listed in the U.S. that are principally engaged in asset management processes designed to produce taxable annual yield. Etracs Monthly is traded on NYSEARCA Exchange in the United States.
ETRACS Monthly Etf Technical Analysis
ETRACS Monthly 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 Monthly Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
ETRACS Monthly Pay 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 Monthly November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how ETRACS Monthly 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 Monthly shares will generate the highest return on investment. By undertsting and applying ETRACS Monthly etf market strength indicators, traders can identify ETRACS Monthly Pay entry and exit signals to maximize returns
ETRACS Monthly Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ETRACS Monthly'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 | 0.0757 | |||
| Jensen Alpha | 0.0079 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1348 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ETRACS Monthly Pay. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
The market value of ETRACS Monthly Pay 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 Monthly's value that differs from its market value or its book value, called intrinsic value, which is ETRACS Monthly'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 Monthly's market value can be influenced by many factors that don't directly affect ETRACS Monthly'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 Monthly's value and its price as these two are different measures arrived at by different means. Investors typically determine if ETRACS Monthly is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETRACS Monthly'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.