Shp Etf Trust Etf Price on April 21, 2023
If you're considering investing in SHP Etf, it is important to understand the factors that can impact its price. SHP ETF is very steady at the moment. SHP ETF Trust owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.63, which indicates the etf had a 0.63% return per unit of standard deviation over the last 3 months. We have found twenty technical indicators for SHP ETF Trust, which you can use to evaluate the volatility of the etf. Please validate SHP ETF's standard deviation of 0.0357, and Risk Adjusted Performance of 0.2623 to confirm if the risk estimate we provide is consistent with the expected return of 0.0224%.
SHP Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
SHP |
Sharpe Ratio = 0.6271
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Based on monthly moving average SHP ETF is performing at about 49% 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 SHP ETF by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Price Boundaries
SHP ETF Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
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SHP ETF December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how SHP ETF etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SHP ETF shares will generate the highest return on investment. By undertsting and applying SHP ETF etf market strength indicators, traders can identify SHP ETF Trust entry and exit signals to maximize returns
SHP ETF Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for SHP ETF's price direction in advance. Along with the technical and fundamental analysis of SHP Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of SHP 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 | 0.2623 | |||
| Jensen Alpha | 0.0117 | |||
| Total Risk Alpha | 0.0074 | |||
| Sortino Ratio | (2.29) | |||
| Treynor Ratio | 1.85 |
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Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Other Tools for SHP Etf
When running SHP ETF's price analysis, check to measure SHP ETF's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SHP ETF is operating at the current time. Most of SHP ETF's value examination focuses on studying past and present price action to predict the probability of SHP ETF's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SHP ETF's price. Additionally, you may evaluate how the addition of SHP ETF to your portfolios can decrease your overall portfolio volatility.
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk |