GSETNC (South Africa) Price on August 7, 2024
| GSETNC Etf | 3,666 11.00 0.30% |
If you're considering investing in GSETNC Etf, it is important to understand the factors that can impact its price. As of today, the current price of GSETNC stands at 3,666, as last reported on the 1st of December, with the highest price reaching 3,704 and the lowest price hitting 3,666 during the day. GSETNC appears to be very steady, given 3 months investment horizon. GSETNC holds Efficiency (Sharpe) Ratio of 0.21, which attests that the entity had a 0.21% return per unit of return volatility over the last 3 months. By examining GSETNC's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please utilize GSETNC's Semi Deviation of 1.36, market risk adjusted performance of (7.63), and Risk Adjusted Performance of 0.1366 to validate if our risk estimates are consistent with your expectations.
GSETNC Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
GSETNC |
Sharpe Ratio = 0.209
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Estimated Market Risk
| 3.17 actual daily | 28 72% of assets are more volatile |
Expected Return
| 0.66 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average GSETNC is performing at about 16% 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 GSETNC by adding it to a well-diversified portfolio.
GSETNC Valuation on August 7, 2024
It is possible to determine the worth of GSETNC on a given historical date. On August 7, 2024 GSETNC was worth 2924.0 at the beginning of the trading date compared to the closed value of 2929.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of GSETNC etf. Still, in general, we apply an absolute valuation method to find GSETNC'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 GSETNC where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against GSETNC's related companies.
| Open | High | Low | Close | Volume | |
| 2,760 | 2,880 | 2,742 | 2,880 | 995.00 | |
08/07/2024 | 2,924 | 2,929 | 2,924 | 2,929 | 17.00 |
| 2,952 | 2,981 | 2,934 | 2,934 | 1,660 |
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GSETNC Trading Date Momentum on August 7, 2024
| On August 12 2024 GSETNC was traded for 2,934 at the closing time. The highest price during the trading period was 2,981 and the lowest recorded bid was listed for 2,934 . The volume for the day was 1.7 K. This history from August 12, 2024 contributed to the next trading day price jump. The overall trading delta to the next closing price was 0.17% . The overall trading delta to the current price is 0.31% . |
About GSETNC Etf history
GSETNC 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 GSETNC is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in GSETNC 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 GSETNC stock prices may prove useful in developing a viable investing in GSETNC
GSETNC Etf Technical Analysis
GSETNC 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
GSETNC Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
GSETNC cannot be verified against its exchange. Please verify the symbol is currently traded on Johannesburg 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.
GSETNC December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how GSETNC etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading GSETNC shares will generate the highest return on investment. By undertsting and applying GSETNC etf market strength indicators, traders can identify GSETNC entry and exit signals to maximize returns
GSETNC Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for GSETNC's price direction in advance. Along with the technical and fundamental analysis of GSETNC Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of GSETNC 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 | 0.1366 | |||
| Jensen Alpha | 0.4249 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.1737 | |||
| Treynor Ratio | (7.64) |
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Other Information on Investing in GSETNC Etf
GSETNC financial ratios help investors to determine whether GSETNC Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in GSETNC with respect to the benefits of owning GSETNC security.