Altshares Event Driven Etf Price on April 16, 2024
| EVNT Etf | USD 10.77 0.02 0.19% |
If you're considering investing in AltShares Etf, it is important to understand the factors that can impact its price. As of today, the current price of AltShares Event stands at 10.77, as last reported on the 30th of November, with the highest price reaching 10.77 and the lowest price hitting 10.77 during the day. Currently, AltShares Event Driven ETF is very steady. AltShares Event Driven secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the etf had a 0.18% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for AltShares Event Driven ETF, which you can use to evaluate the volatility of the entity. Please confirm AltShares Event's Risk Adjusted Performance of 0.1352, mean deviation of 0.1876, and Coefficient Of Variation of 489.17 to double-check if the risk estimate we provide is consistent with the expected return of 0.0445%.
AltShares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
AltShares |
Sharpe Ratio = 0.1794
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| Negative Returns | EVNT |
Estimated Market Risk
| 0.25 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average AltShares Event is performing at about 14% 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 AltShares Event by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 5.6 K |
AltShares Event Main Headline on 16th of April 2024
Bitcoin Halving 2024 How Will It Impact Your Bitcoin ETFs - ... by news.google.com
Bitcoin Halving 2024 How Will It Impact Your Bitcoin ETFs Coinpedia Fintech News
AltShares Event Valuation on April 16, 2024
It is possible to determine the worth of AltShares Event on a given historical date. On April 16, 2024 AltShares was worth 9.69 at the beginning of the trading date compared to the closed value of 9.69. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of AltShares Event etf. Still, in general, we apply an absolute valuation method to find AltShares Event'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 AltShares Event where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against AltShares Event's related companies.
| Open | High | Low | Close | Volume | |
| 9.74 | 9.74 | 9.74 | 9.74 | 15.00 | |
04/16/2024 | 9.69 | 9.69 | 9.69 | 9.69 | 5.00 |
| 9.66 | 9.66 | 9.66 | 9.66 | 100.00 |
| Backtest AltShares Event | | | AltShares Event History | | | AltShares Event Valuation | Previous | Next |
AltShares Event Trading Date Momentum on April 16, 2024
| On April 17 2024 AltShares Event Driven ETF was traded for 9.66 at the closing time. The top price for the day was 9.66 and the lowest listed price was 9.66 . The trading volume for the day was 100.0. The trading history from April 17, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.31% . The overall trading delta against the current closing price is 0.62% . |
AltShares Event Driven Fundamentals Correlations and Trends
By evaluating AltShares Event'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 AltShares Event's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. AltShares financial account trend analysis is a perfect complement when working with valuation or volatility modules.About AltShares Event Etf history
AltShares Event 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 AltShares is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in AltShares Event Driven 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 AltShares Event stock prices may prove useful in developing a viable investing in AltShares Event
To pursue the funds investment objective, the adviser employs a longshort event-driven strategy, which seeks to profit by investing, long andor short, in the equity and debt securities of companies whose prices Water Island Capital, LLC believes are or will be impacted by a publicly announced or anticipated corporate event. Altshares Event-Driven is traded on NYSEARCA Exchange in the United States.
AltShares Event Etf Technical Analysis
AltShares Event 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
AltShares Event Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
AltShares Event Driven ETF 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.
AltShares Event November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how AltShares Event etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading AltShares Event shares will generate the highest return on investment. By undertsting and applying AltShares Event etf market strength indicators, traders can identify AltShares Event Driven ETF entry and exit signals to maximize returns
AltShares Event Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for AltShares Event's price direction in advance. Along with the technical and fundamental analysis of AltShares Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of AltShares 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 | 0.1352 | |||
| Jensen Alpha | 0.0173 | |||
| Total Risk Alpha | (0.0008) | |||
| Sortino Ratio | (0.34) | |||
| Treynor Ratio | 0.2234 |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in AltShares Event Driven ETF. 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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
The market value of AltShares Event Driven is measured differently than its book value, which is the value of AltShares that is recorded on the company's balance sheet. Investors also form their own opinion of AltShares Event's value that differs from its market value or its book value, called intrinsic value, which is AltShares Event'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 AltShares Event's market value can be influenced by many factors that don't directly affect AltShares Event'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 AltShares Event's value and its price as these two are different measures arrived at by different means. Investors typically determine if AltShares Event is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AltShares Event'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.