Etracs Bloomberg Commodity Etf Price on November 15, 2024
| DJCB Etf | USD 20.24 0.14 0.69% |
Below is the normalized historical share price chart for ETRACS Bloomberg Commodity extending back to October 25, 2019. 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 Bloomberg stands at 20.24, as last reported on the 1st of December, with the highest price reaching 20.73 and the lowest price hitting 20.24 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 Bloomberg is not too volatile. ETRACS Bloomberg Com secures Sharpe Ratio (or Efficiency) of 0.0241, which denotes the etf had a 0.0241% return per unit of volatility over the last 3 months. We have found thirty technical indicators for ETRACS Bloomberg Commodity, which you can use to evaluate the volatility of the entity. Please confirm ETRACS Bloomberg's Downside Deviation of 2.91, mean deviation of 1.58, and Market Risk Adjusted Performance of (0.43) to check if the risk estimate we provide is consistent with the expected return of 0.0601%.
ETRACS Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 15.55 | 200 Day MA 20.7405 | 1 y Volatility 9.82 | 50 Day MA 21.0205 | Inception Date 2019-10-25 |
ETRACS |
Sharpe Ratio = 0.0241
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Estimated Market Risk
| 2.49 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average ETRACS Bloomberg is performing at about 1% 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 Bloomberg by adding it to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
ETRACS Bloomberg Valuation on November 15, 2024
It is possible to determine the worth of ETRACS Bloomberg on a given historical date. On November 15, 2024 ETRACS was worth 20.26 at the beginning of the trading date compared to the closed value of 20.26. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ETRACS Bloomberg etf. Still, in general, we apply an absolute valuation method to find ETRACS Bloomberg'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 Bloomberg where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ETRACS Bloomberg's related companies.
| Open | High | Low | Close | Volume | |
| 20.10 | 20.10 | 20.10 | 20.10 | 100.00 | |
11/15/2024 | 20.26 | 20.26 | 20.26 | 20.26 | 6.00 |
| 20.62 | 20.62 | 20.62 | 20.62 | 34.00 |
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ETRACS Bloomberg Trading Date Momentum on November 15, 2024
| On November 18 2024 ETRACS Bloomberg Commodity was traded for 20.62 at the closing time. The top price for the day was 20.62 and the lowest listed price was 20.62 . The trading volume for the day was 34.0. The trading history from November 18, 2024 was a factor to the next trading day price jump. The overall trading delta against the next closing price was 1.78% . The overall trading delta against the current closing price is 2.42% . |
ETRACS Bloomberg Com Fundamentals Correlations and Trends
By evaluating ETRACS Bloomberg'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 Bloomberg'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 Bloomberg Etf history
ETRACS Bloomberg 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 Bloomberg Com 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 Bloomberg stock prices may prove useful in developing a viable investing in ETRACS Bloomberg
ETRACS Bloomberg Etf Technical Analysis
ETRACS Bloomberg 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 Bloomberg Period Price Range
Low | December 1, 2024
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0.00 | 0.00 |
ETRACS Bloomberg Commodity 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 Bloomberg December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how ETRACS Bloomberg 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 Bloomberg shares will generate the highest return on investment. By undertsting and applying ETRACS Bloomberg etf market strength indicators, traders can identify ETRACS Bloomberg Commodity entry and exit signals to maximize returns
ETRACS Bloomberg Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ETRACS Bloomberg'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 | 0.0263 | |||
| Jensen Alpha | 0.0675 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.44) |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ETRACS Bloomberg Commodity. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
The market value of ETRACS Bloomberg Com 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 Bloomberg's value that differs from its market value or its book value, called intrinsic value, which is ETRACS Bloomberg'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 Bloomberg's market value can be influenced by many factors that don't directly affect ETRACS Bloomberg'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 Bloomberg's value and its price as these two are different measures arrived at by different means. Investors typically determine if ETRACS Bloomberg is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETRACS Bloomberg'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.