Essential 40 Stock Etf Price on October 30, 2024
| ESN Etf | 15.71 0.02 0.13% |
If you're considering investing in Essential Etf, it is important to understand the factors that can impact its price. As of today, the current price of Essential stands at 15.71, as last reported on the 26th of February, with the highest price reaching 15.78 and the lowest price hitting 15.66 during the day. Essential 40 Stock secures Sharpe Ratio (or Efficiency) of -0.0122, which denotes the etf had a -0.0122 % return per unit of risk over the last 3 months. Essential 40 Stock exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Essential's Coefficient Of Variation of 12196.72, downside deviation of 0.701, and Mean Deviation of 0.4805 to check the risk estimate we provide.
Essential Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Essential |
Sharpe Ratio = -0.0122
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Estimated Market Risk
| 0.64 actual daily | 5 95% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Essential 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 Essential by adding Essential to a well-diversified portfolio.
Essential Valuation on October 30, 2024
It is possible to determine the worth of Essential on a given historical date. On October 30, 2024 Essential was worth 15.04 at the beginning of the trading date compared to the closed value of 15.14. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Essential etf. Still, in general, we apply an absolute valuation method to find Essential'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 Essential where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Essential's related companies.
| Open | High | Low | Close | Volume | |
| 15.21 | 15.22 | 15.18 | 15.18 | 50,600 | |
10/30/2024 | 15.04 | 15.22 | 15.04 | 15.14 | 13,400 |
| 15.04 | 15.11 | 15.03 | 15.03 | 56,000 |
| Backtest Essential | | | Essential History | | | Essential Valuation | Previous | Next |
Essential Trading Date Momentum on October 30, 2024
| On October 31 2024 Essential 40 Stock was traded for 15.03 at the closing time. Highest Essential's price during the trading hours was 15.11 and the lowest price during the day was 15.03 . The net volume was 56 K. The overall trading history on the 31st of October contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 0.73% . The overall trading delta to current price is 3.57% . |
Essential 40 Stock Fundamentals Correlations and Trends
By evaluating Essential'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 Essential's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Essential financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Essential Etf history
Essential 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 Essential is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Essential 40 Stock 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 Essential stock prices may prove useful in developing a viable investing in Essential
Essential Etf Technical Analysis
Essential 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
Essential Period Price Range
Low | February 26, 2025
| High |
0.00 | 0.00 |
Essential 40 Stock 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.
Essential February 26, 2025 Market Strength
Market strength indicators help investors to evaluate how Essential etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Essential shares will generate the highest return on investment. By undertsting and applying Essential etf market strength indicators, traders can identify Essential 40 Stock entry and exit signals to maximize returns
Essential Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Essential's price direction in advance. Along with the technical and fundamental analysis of Essential Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Essential 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 | 0.0046 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.01) |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Essential 40 Stock. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
The market value of Essential 40 Stock is measured differently than its book value, which is the value of Essential that is recorded on the company's balance sheet. Investors also form their own opinion of Essential's value that differs from its market value or its book value, called intrinsic value, which is Essential'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 Essential's market value can be influenced by many factors that don't directly affect Essential'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 Essential's value and its price as these two are different measures arrived at by different means. Investors typically determine if Essential is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Essential'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.