Rex Fang Innovation Etf Price on August 23, 2024
| FEPI Etf | 51.20 0.35 0.69% |
If you're considering investing in REX Etf, it is important to understand the factors that can impact its price. As of today, the current price of REX FANG stands at 51.20, as last reported on the 1st of December, with the highest price reaching 51.33 and the lowest price hitting 50.84 during the day. REX FANG is very steady at the moment. REX FANG Innovation maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the entity had a 0.19% return per unit of risk over the last 3 months. We have found thirty technical indicators for REX FANG Innovation, which you can use to evaluate the volatility of the etf. Please check REX FANG's Semi Deviation of 0.9653, risk adjusted performance of 0.1164, and Coefficient Of Variation of 666.84 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%.
REX Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
REX |
Sharpe Ratio = 0.1889
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Estimated Market Risk
| 0.85 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average REX FANG 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 REX FANG by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 619.7 K |
REX FANG Valuation on August 23, 2024
It is possible to determine the worth of REX FANG on a given historical date. On August 23, 2024 REX was worth 47.45 at the beginning of the trading date compared to the closed value of 47.55. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of REX FANG etf. Still, in general, we apply an absolute valuation method to find REX FANG'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 REX FANG where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against REX FANG's related companies.
| Open | High | Low | Close | Volume | |
| 48.01 | 48.01 | 47.11 | 47.19 | 179,800 | |
08/23/2024 | 47.45 | 47.77 | 47.24 | 47.55 | 177,200 |
| 47.48 | 47.69 | 47.07 | 47.18 | 200,500 |
| Backtest REX FANG | | | REX FANG History | | | REX FANG Valuation | Previous | Next |
REX FANG Trading Date Momentum on August 23, 2024
| On August 26 2024 REX FANG Innovation was traded for 47.18 at the closing time. The top price for the day was 47.69 and the lowest listed price was 47.07 . The trading volume for the day was 200.5 K. The trading history from August 26, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.78% . The trading delta at closing time against the current closing price is 0.34% . |
About REX FANG Etf history
REX FANG 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 REX is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in REX FANG Innovation 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 REX FANG stock prices may prove useful in developing a viable investing in REX FANG
REX FANG Etf Technical Analysis
REX FANG 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
REX FANG Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
REX FANG Innovation 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.
REX FANG December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how REX FANG etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading REX FANG shares will generate the highest return on investment. By undertsting and applying REX FANG etf market strength indicators, traders can identify REX FANG Innovation entry and exit signals to maximize returns
REX FANG Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for REX FANG's price direction in advance. Along with the technical and fundamental analysis of REX Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of REX 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 | 0.1164 | |||
| Jensen Alpha | 0.0288 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0016 | |||
| Treynor Ratio | 0.164 |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in REX FANG Innovation. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
The market value of REX FANG Innovation is measured differently than its book value, which is the value of REX that is recorded on the company's balance sheet. Investors also form their own opinion of REX FANG's value that differs from its market value or its book value, called intrinsic value, which is REX FANG'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 REX FANG's market value can be influenced by many factors that don't directly affect REX FANG'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 REX FANG's value and its price as these two are different measures arrived at by different means. Investors typically determine if REX FANG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, REX FANG'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.