Microsectors Gold Miners Etf Price on November 15, 2024
| GDXD Etf | USD 13.95 0.18 1.27% |
If you're considering investing in MicroSectors Etf, it is important to understand the factors that can impact its price. As of today, the current price of MicroSectors Gold stands at 13.95, as last reported on the 30th of November, with the highest price reaching 14.09 and the lowest price hitting 13.37 during the day. MicroSectors Gold Miners has Sharpe Ratio of -0.0223, which conveys that the entity had a -0.0223% return per unit of risk over the last 3 months. MicroSectors Gold exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MicroSectors Gold's Mean Deviation of 4.7, risk adjusted performance of 0.0247, and Downside Deviation of 6.11 to check out the risk estimate we provide.
MicroSectors Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
MicroSectors |
Sharpe Ratio = -0.0223
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| Negative Returns | GDXD |
Estimated Market Risk
| 5.95 actual daily | 52 52% of assets are less volatile |
Expected Return
| -0.13 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average MicroSectors Gold 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 MicroSectors Gold by adding MicroSectors Gold to a well-diversified portfolio.
Average Mkt Cap Mil 9.1 K |
MicroSectors Gold Valuation on November 15, 2024
It is possible to determine the worth of MicroSectors Gold on a given historical date. On November 15, 2024 MicroSectors was worth 15.91 at the beginning of the trading date compared to the closed value of 16.56. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of MicroSectors Gold etf. Still, in general, we apply an absolute valuation method to find MicroSectors Gold'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 MicroSectors Gold where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against MicroSectors Gold's related companies.
| Open | High | Low | Close | Volume | |
| 16.80 | 16.97 | 15.94 | 16.26 | 719,400 | |
11/15/2024 | 15.91 | 16.69 | 15.66 | 16.56 | 469,787 |
| 15.11 | 15.13 | 13.95 | 14.34 | 553,410 |
| Backtest MicroSectors Gold | | | MicroSectors Gold History | | | MicroSectors Gold Valuation | Previous | Next |
MicroSectors Gold Trading Date Momentum on November 15, 2024
| On November 18 2024 MicroSectors Gold Miners was traded for 14.34 at the closing time. The top price for the day was 15.13 and the lowest listed price was 13.95 . The trading volume for the day was 553.4 K. The trading history from November 18, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 13.41% . The trading delta at closing time against the current closing price is 12.98% . |
MicroSectors Gold Miners Fundamentals Correlations and Trends
By evaluating MicroSectors Gold'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 MicroSectors Gold's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. MicroSectors financial account trend analysis is a perfect complement when working with valuation or volatility modules.About MicroSectors Gold Etf history
MicroSectors Gold 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 MicroSectors is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in MicroSectors Gold Miners 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 MicroSectors Gold stock prices may prove useful in developing a viable investing in MicroSectors Gold
MicroSectors Gold Etf Technical Analysis
MicroSectors Gold 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
MicroSectors Gold Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
MicroSectors Gold Miners 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.
MicroSectors Gold November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how MicroSectors Gold etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MicroSectors Gold shares will generate the highest return on investment. By undertsting and applying MicroSectors Gold etf market strength indicators, traders can identify MicroSectors Gold Miners entry and exit signals to maximize returns
MicroSectors Gold Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for MicroSectors Gold's price direction in advance. Along with the technical and fundamental analysis of MicroSectors Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of MicroSectors 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 | 0.0247 | |||
| Jensen Alpha | 0.1613 | |||
| Total Risk Alpha | (0.89) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.33) |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in MicroSectors Gold Miners. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
The market value of MicroSectors Gold Miners is measured differently than its book value, which is the value of MicroSectors that is recorded on the company's balance sheet. Investors also form their own opinion of MicroSectors Gold's value that differs from its market value or its book value, called intrinsic value, which is MicroSectors Gold'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 MicroSectors Gold's market value can be influenced by many factors that don't directly affect MicroSectors Gold'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 MicroSectors Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if MicroSectors Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MicroSectors Gold'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.