Indexiq Etf Trust Etf Price on June 20, 2024
| OCEN Etf | USD 21.24 0.16 0.76% |
If you're considering investing in IndexIQ Etf, it is important to understand the factors that can impact its price. As of today, the current price of IndexIQ ETF stands at 21.24, as last reported on the 24th of November, with the highest price reaching 21.24 and the lowest price hitting 21.24 during the day. IndexIQ ETF Trust holds Efficiency (Sharpe) Ratio of -0.1, which attests that the entity had a -0.1% return per unit of risk over the last 3 months. IndexIQ ETF Trust exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IndexIQ ETF's Standard Deviation of 0.8529, risk adjusted performance of (0.08), and Market Risk Adjusted Performance of 0.6822 to validate the risk estimate we provide.
IndexIQ Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
IndexIQ |
Sharpe Ratio = -0.1021
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| Negative Returns | OCEN |
Estimated Market Risk
| 0.85 actual daily | 7 93% of assets are more volatile |
Expected Return
| -0.09 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average IndexIQ ETF 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 IndexIQ ETF by adding IndexIQ ETF to a well-diversified portfolio.
IndexIQ ETF Valuation on June 20, 2024
It is possible to determine the worth of IndexIQ ETF on a given historical date. On June 20, 2024 IndexIQ was worth 22.76 at the beginning of the trading date compared to the closed value of 22.59. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of IndexIQ ETF etf. Still, in general, we apply an absolute valuation method to find IndexIQ ETF'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 IndexIQ ETF where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against IndexIQ ETF's related companies.
| Open | High | Low | Close | Volume | |
| 22.69 | 22.69 | 22.69 | 22.69 | 100.00 | |
06/20/2024 | 22.76 | 22.80 | 22.57 | 22.59 | 2,200 |
| 22.47 | 22.47 | 22.47 | 22.47 | 200.00 |
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IndexIQ ETF Trading Date Momentum on June 20, 2024
| On June 21 2024 IndexIQ ETF Trust was traded for 22.47 at the closing time. The top price for the day was 22.47 and the lowest listed price was 22.47 . The trading volume for the day was 200. The trading history from June 21, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.53% . The trading delta at closing time against the current closing price is 2.17% . |
IndexIQ ETF Trust Fundamentals Correlations and Trends
By evaluating IndexIQ ETF'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 IndexIQ ETF's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. IndexIQ financial account trend analysis is a perfect complement when working with valuation or volatility modules.About IndexIQ ETF Etf history
IndexIQ ETF 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 IndexIQ is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in IndexIQ ETF Trust 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 IndexIQ ETF stock prices may prove useful in developing a viable investing in IndexIQ ETF
IndexIQ ETF Etf Technical Analysis
IndexIQ ETF 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
IndexIQ ETF Period Price Range
Low | November 24, 2024
| High |
0.00 | 0.00 |
IndexIQ ETF Trust 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.
IndexIQ ETF November 24, 2024 Market Strength
Market strength indicators help investors to evaluate how IndexIQ ETF etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading IndexIQ ETF shares will generate the highest return on investment. By undertsting and applying IndexIQ ETF etf market strength indicators, traders can identify IndexIQ ETF Trust entry and exit signals to maximize returns
IndexIQ ETF Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for IndexIQ ETF's price direction in advance. Along with the technical and fundamental analysis of IndexIQ Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of IndexIQ 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 | (0.08) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 0.6722 |
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| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in IndexIQ ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income. To learn how to invest in IndexIQ Etf, please use our How to Invest in IndexIQ ETF guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
The market value of IndexIQ ETF Trust is measured differently than its book value, which is the value of IndexIQ that is recorded on the company's balance sheet. Investors also form their own opinion of IndexIQ ETF's value that differs from its market value or its book value, called intrinsic value, which is IndexIQ ETF'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 IndexIQ ETF's market value can be influenced by many factors that don't directly affect IndexIQ ETF'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 IndexIQ ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if IndexIQ ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IndexIQ ETF'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.