Trueshares Active Yield Etf Price on December 11, 2024
| ERNZ Etf | 24.65 0.03 0.12% |
If you're considering investing in TrueShares Etf, it is important to understand the factors that can impact its price. As of today, the current price of TrueShares Active stands at 24.65, as last reported on the 12th of December 2024, with the highest price reaching 24.71 and the lowest price hitting 24.62 during the day. At this stage we consider TrueShares Etf to be very steady. TrueShares Active Yield owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0015, which indicates the etf had a 0.0015% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for TrueShares Active Yield, which you can use to evaluate the volatility of the etf. Please validate TrueShares Active's Risk Adjusted Performance of 0.0453, coefficient of variation of 1503.09, and Semi Deviation of 0.4825 to confirm if the risk estimate we provide is consistent with the expected return of 8.0E-4%.
TrueShares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
TrueShares |
Sharpe Ratio = 0.0015
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ERNZ |
Estimated Market Risk
| 0.54 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average TrueShares Active 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 TrueShares Active by adding TrueShares Active to a well-diversified portfolio.
Average Mkt Cap Mil 8.6 K |
TrueShares Active Valuation on December 11, 2024
It is possible to determine the worth of TrueShares Active on a given historical date. On December 11, 2024 TrueShares was worth 24.71 at the beginning of the trading date compared to the closed value of 24.65. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of TrueShares Active etf. Still, in general, we apply an absolute valuation method to find TrueShares Active'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 TrueShares Active where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against TrueShares Active's related companies.
| Open | High | Low | Close | Volume | |
| 24.63 | 24.76 | 24.62 | 24.62 | 4,629 | |
12/11/2024 | 24.71 | 24.71 | 24.62 | 24.65 | 12,187 |
| 24.71 | 24.71 | 24.62 | 24.65 | 0.00 |
| Backtest TrueShares Active | | | TrueShares Active History | | | TrueShares Active Valuation | Previous | Next |
TrueShares Active Trading Date Momentum on December 11, 2024
| On December 12 2024 TrueShares Active Yield was traded for 24.65 at the closing time. The top price for the day was 24.71 and the lowest listed price was 24.62 . There was no trading activity during the period 0.0. Lack of trading volume on December 12, 2024 did not result in any price rise and fall. The trading price change against the current closing price is 0.24% . |
About TrueShares Active Etf history
TrueShares Active 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 TrueShares is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in TrueShares Active Yield 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 TrueShares Active stock prices may prove useful in developing a viable investing in TrueShares Active
TrueShares Active Etf Technical Analysis
TrueShares Active 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
TrueShares Active Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
TrueShares Active Yield cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
TrueShares Active December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how TrueShares Active etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TrueShares Active shares will generate the highest return on investment. By undertsting and applying TrueShares Active etf market strength indicators, traders can identify TrueShares Active Yield entry and exit signals to maximize returns
TrueShares Active Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for TrueShares Active's price direction in advance. Along with the technical and fundamental analysis of TrueShares Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of TrueShares 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 | 0.0453 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | 0.0505 |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in TrueShares Active Yield. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
The market value of TrueShares Active Yield is measured differently than its book value, which is the value of TrueShares that is recorded on the company's balance sheet. Investors also form their own opinion of TrueShares Active's value that differs from its market value or its book value, called intrinsic value, which is TrueShares Active'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 TrueShares Active's market value can be influenced by many factors that don't directly affect TrueShares Active'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 TrueShares Active's value and its price as these two are different measures arrived at by different means. Investors typically determine if TrueShares Active is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TrueShares Active'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.