Sofi Next 500 Etf Price on November 24, 2024
| SFYX Etf | USD 15.58 0.24 1.56% |
Below is the normalized historical share price chart for SoFi Next 500 extending back to April 11, 2019. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of SoFi Next stands at 15.58, as last reported on the 24th of November, with the highest price reaching 15.58 and the lowest price hitting 15.38 during the day.
If you're considering investing in SoFi Etf, it is important to understand the factors that can impact its price. At this stage we consider SoFi Etf to be very steady. SoFi Next 500 owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the etf had a 0.14% return per unit of volatility over the last 3 months. We have found thirty technical indicators for SoFi Next 500, which you can use to evaluate the volatility of the etf. Please validate SoFi Next's risk adjusted performance of 0.1266, and Coefficient Of Variation of 624.34 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%.
SoFi Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 21.26 | 200 Day MA 13.7654 | 1 y Volatility 15.09 | 50 Day MA 14.5354 | Inception Date 2019-04-10 |
SoFi |
Sharpe Ratio = 0.1411
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Estimated Market Risk
| 1.21 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.17 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average SoFi Next is performing at about 11% 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 SoFi Next by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 9.4 K |
SoFi Next Valuation on November 24, 2024
It is possible to determine the worth of SoFi Next on a given historical date. On November 24, 2024 SoFi was worth 15.38 at the beginning of the trading date compared to the closed value of 15.58. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SoFi Next etf. Still, in general, we apply an absolute valuation method to find SoFi Next'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 SoFi Next where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SoFi Next's related companies.
| Open | High | Low | Close | Volume | |
| 15.38 | 15.58 | 15.38 | 15.58 | 23,800 | |
11/24/2024 | 15.38 | 15.58 | 15.38 | 15.58 | 0.00 |
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SoFi Next Trading Date Momentum on November 24, 2024
| On November 24 2024 SoFi Next 500 was traded for 15.58 at the closing time. The top price for the day was 15.58 and the lowest listed price was 15.38 . There was no trading activity during the period 0.0. Lack of trading volume on November 24, 2024 did not result in any price rise and fall. The trading price change against the current closing price is 1.28% . |
SoFi Next 500 Fundamentals Correlations and Trends
By evaluating SoFi Next'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 SoFi Next's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. SoFi financial account trend analysis is a perfect complement when working with valuation or volatility modules.About SoFi Next Etf history
SoFi Next 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 SoFi is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in SoFi Next 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 SoFi Next stock prices may prove useful in developing a viable investing in SoFi Next
SoFi Next Etf Technical Analysis
SoFi Next 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
SoFi Next Period Price Range
Low | November 24, 2024
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0.00 | 0.00 |
SoFi Next 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.
SoFi Next November 24, 2024 Market Strength
Market strength indicators help investors to evaluate how SoFi Next etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SoFi Next shares will generate the highest return on investment. By undertsting and applying SoFi Next etf market strength indicators, traders can identify SoFi Next 500 entry and exit signals to maximize returns
SoFi Next Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for SoFi Next's price direction in advance. Along with the technical and fundamental analysis of SoFi Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of SoFi 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 | 0.1266 | |||
| Jensen Alpha | 0.0244 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0531 | |||
| Treynor Ratio | 0.1389 |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SoFi Next 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 manufacturing. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
The market value of SoFi Next 500 is measured differently than its book value, which is the value of SoFi that is recorded on the company's balance sheet. Investors also form their own opinion of SoFi Next's value that differs from its market value or its book value, called intrinsic value, which is SoFi Next'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 SoFi Next's market value can be influenced by many factors that don't directly affect SoFi Next'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 SoFi Next's value and its price as these two are different measures arrived at by different means. Investors typically determine if SoFi Next is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SoFi Next'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.