Ninepoint Energy Etf Price on December 1, 2023
| NNRG Etf | 49.92 0.18 0.36% |
If you're considering investing in Ninepoint Etf, it is important to understand the factors that can impact its price. As of today, the current price of Ninepoint Energy stands at 49.92, as last reported on the 2nd of December, with the highest price reaching 50.02 and the lowest price hitting 49.74 during the day. At this point, Ninepoint Energy is very steady. Ninepoint Energy has Sharpe Ratio of 0.0191, which conveys that the entity had a 0.0191% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Ninepoint Energy, which you can use to evaluate the volatility of the etf. Please verify Ninepoint Energy's Mean Deviation of 1.3, standard deviation of 1.62, and Risk Adjusted Performance of (0.01) to check out if the risk estimate we provide is consistent with the expected return of 0.0293%.
Ninepoint Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Ninepoint |
Sharpe Ratio = 0.0191
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | NNRG |
Estimated Market Risk
| 1.54 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Ninepoint Energy is performing at about 1% 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 Ninepoint Energy by adding it to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
Ninepoint Energy Valuation on December 1, 2023
It is possible to determine the worth of Ninepoint Energy on a given historical date. On December 1, 2023 Ninepoint was worth 47.28 at the beginning of the trading date compared to the closed value of 46.94. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ninepoint Energy etf. Still, in general, we apply an absolute valuation method to find Ninepoint Energy'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 Ninepoint Energy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ninepoint Energy's related companies.
| Open | High | Low | Close | Volume | |
| 47.80 | 48.56 | 46.85 | 47.36 | 13,068 | |
12/01/2023 | 47.28 | 47.80 | 46.94 | 46.94 | 26,614 |
| 46.54 | 46.54 | 45.74 | 45.80 | 28,421 |
| Backtest Ninepoint Energy | | | Ninepoint Energy History | Previous | Next |
Ninepoint Energy Trading Date Momentum on December 1, 2023
| On December 04 2023 Ninepoint Energy was traded for 45.80 at the closing time. The highest price during the trading period was 46.54 and the lowest recorded bid was listed for 45.74 . The volume for the day was 28.4 K. This history from December 4, 2023 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 2.43% . The trading delta at closing time to the current price is 7.37% . |
About Ninepoint Energy Etf history
Ninepoint Energy 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 Ninepoint is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ninepoint Energy 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 Ninepoint Energy stock prices may prove useful in developing a viable investing in Ninepoint Energy
Ninepoint Energy Etf Technical Analysis
Ninepoint Energy 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
Ninepoint Energy Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Ninepoint Energy cannot be verified against its exchange. Please verify the symbol is currently traded on NEO 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.
Ninepoint Energy December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Ninepoint Energy etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ninepoint Energy shares will generate the highest return on investment. By undertsting and applying Ninepoint Energy etf market strength indicators, traders can identify Ninepoint Energy entry and exit signals to maximize returns
Ninepoint Energy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ninepoint Energy's price direction in advance. Along with the technical and fundamental analysis of Ninepoint Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ninepoint 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 | (0.01) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.19) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Ninepoint Etf
Ninepoint Energy financial ratios help investors to determine whether Ninepoint 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 Ninepoint with respect to the benefits of owning Ninepoint Energy security.