Gotham Enhanced 500 Etf Price on November 27, 2024
| GSPY Etf | USD 33.09 0.20 0.61% |
If you're considering investing in Gotham Etf, it is important to understand the factors that can impact its price. As of today, the current price of Gotham Enhanced stands at 33.09, as last reported on the 30th of November, with the highest price reaching 33.10 and the lowest price hitting 33.08 during the day. At this stage we consider Gotham Etf to be very steady. Gotham Enhanced 500 holds Efficiency (Sharpe) Ratio of 0.21, which attests that the entity had a 0.21% return per unit of risk over the last 3 months. We have found thirty technical indicators for Gotham Enhanced 500, which you can use to evaluate the volatility of the entity. Please check out Gotham Enhanced's Market Risk Adjusted Performance of 0.1472, risk adjusted performance of 0.1285, and Downside Deviation of 0.8084 to validate if the risk estimate we provide is consistent with the expected return of 0.14%.
Gotham Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Gotham |
Sharpe Ratio = 0.2073
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Estimated Market Risk
| 0.7 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average Gotham Enhanced 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 Gotham Enhanced by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 327.7 K |
Related Headline
SPDR SP Headline on 27th of November 2024
JPMorgans Volatility Play Long VIX Calls, Short SPY Puts by benzinga.com
JPMorgan suggests betting on VIX while trimming downside hedges on SPY to manage market volatility. VIX calls offer a cheaper hedge against market swings.
Gotham Enhanced Valuation on November 27, 2024
It is possible to determine the worth of Gotham Enhanced on a given historical date. On November 27, 2024 Gotham was worth 33.04 at the beginning of the trading date compared to the closed value of 32.89. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Gotham Enhanced etf. Still, in general, we apply an absolute valuation method to find Gotham Enhanced'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 Gotham Enhanced where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Gotham Enhanced's related companies.
| Open | High | Low | Close | Volume | |
| 32.95 | 33.03 | 32.88 | 33.03 | 24,012 | |
11/27/2024 | 33.04 | 33.04 | 32.85 | 32.89 | 15,105 |
| 33.08 | 33.10 | 33.08 | 33.09 | 1,800 |
| Backtest Gotham Enhanced | | | Gotham Enhanced History | | | Gotham Enhanced Valuation | Previous | Next |
Gotham Enhanced Trading Date Momentum on November 27, 2024
| On November 29 2024 Gotham Enhanced 500 was traded for 33.09 at the closing time. The top price for the day was 33.10 and the lowest listed price was 33.08 . The trading volume for the day was 1.8 K. The trading history from November 29, 2024 was a factor to the next trading day price jump. The overall trading delta against the next closing price was 0.61% . The overall trading delta against the current closing price is 0.58% . |
Gotham Enhanced 500 Fundamentals Correlations and Trends
By evaluating Gotham Enhanced'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 Gotham Enhanced's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Gotham financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Gotham Enhanced Etf history
Gotham Enhanced 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 Gotham is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Gotham Enhanced 500 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 Gotham Enhanced stock prices may prove useful in developing a viable investing in Gotham Enhanced
The fund is an actively-managed ETF that seeks to achieve its investment objective by generally investing in securities of issuers included in the SP 500 Index. Gotham Enhanced is traded on NYSEARCA Exchange in the United States.
Gotham Enhanced Etf Technical Analysis
Gotham Enhanced 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
Gotham Enhanced Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Gotham Enhanced 500 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.
Gotham Enhanced November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Gotham Enhanced etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Gotham Enhanced shares will generate the highest return on investment. By undertsting and applying Gotham Enhanced etf market strength indicators, traders can identify Gotham Enhanced 500 entry and exit signals to maximize returns
Gotham Enhanced Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Gotham Enhanced's price direction in advance. Along with the technical and fundamental analysis of Gotham Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Gotham 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 | 0.1285 | |||
| Jensen Alpha | 0.0081 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1372 |
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| Volume Indicators |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gotham Enhanced 500. 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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
The market value of Gotham Enhanced 500 is measured differently than its book value, which is the value of Gotham that is recorded on the company's balance sheet. Investors also form their own opinion of Gotham Enhanced's value that differs from its market value or its book value, called intrinsic value, which is Gotham Enhanced'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 Gotham Enhanced's market value can be influenced by many factors that don't directly affect Gotham Enhanced'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 Gotham Enhanced's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gotham Enhanced is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gotham Enhanced'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.