Flexshares Credit Scored Corporate Etf Price on November 29, 2024
| SKOR Etf | USD 48.43 0.13 0.27% |
Below is the normalized historical share price chart for FlexShares Credit Scored Corporate extending back to November 13, 2014. 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 FlexShares Credit stands at 48.43, as last reported on the 2nd of December, with the highest price reaching 48.44 and the lowest price hitting 48.39 during the day.
If you're considering investing in FlexShares Etf, it is important to understand the factors that can impact its price. Currently, FlexShares Credit Scored Corporate is very steady. FlexShares Credit secures Sharpe Ratio (or Efficiency) of 0.0383, which denotes the etf had a 0.0383% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for FlexShares Credit Scored Corporate, which you can use to evaluate the volatility of the entity. Please confirm FlexShares Credit's Downside Deviation of 0.1963, coefficient of variation of 2891.26, and Mean Deviation of 0.1591 to check if the risk estimate we provide is consistent with the expected return of 0.008%.
FlexShares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 6.3 | 200 Day MA 47.9254 | 1 y Volatility 4.57 | 50 Day MA 48.4433 | Inception Date 2014-11-12 |
FlexShares |
Sharpe Ratio = 0.0383
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Estimated Market Risk
| 0.21 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average FlexShares Credit is performing at about 3% 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 FlexShares Credit by adding it to a well-diversified portfolio.
FlexShares Credit Valuation on November 29, 2024
It is possible to determine the worth of FlexShares Credit on a given historical date. On November 29, 2024 FlexShares was worth 48.39 at the beginning of the trading date compared to the closed value of 48.43. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of FlexShares Credit etf. Still, in general, we apply an absolute valuation method to find FlexShares Credit'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 FlexShares Credit where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against FlexShares Credit's related companies.
| Open | High | Low | Close | Volume | |
| 48.28 | 48.32 | 48.24 | 48.30 | 21,000 | |
11/29/2024 | 48.39 | 48.44 | 48.39 | 48.43 | 10,500 |
| 48.39 | 48.44 | 48.39 | 48.43 | 0.00 |
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FlexShares Credit Trading Date Momentum on November 29, 2024
| On December 02 2024 FlexShares Credit Scored Corporate was traded for 48.43 at the closing time. The top price for the day was 48.44 and the lowest listed price was 48.39 . There was no trading activity during the period 0.0. Lack of trading volume on December 2, 2024 did not affect price variability. The overall trading delta against the current closing price is 0.08% . |
FlexShares Credit Fundamentals Correlations and Trends
By evaluating FlexShares Credit'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 FlexShares Credit's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. FlexShares financial account trend analysis is a perfect complement when working with valuation or volatility modules.About FlexShares Credit Etf history
FlexShares Credit 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 FlexShares is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in FlexShares Credit 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 FlexShares Credit stock prices may prove useful in developing a viable investing in FlexShares Credit
The underlying index reflects the performance of a broad universe of intermediate maturity, US-dollar denominated investment grade corporate bonds that can potentially deliver a higher total return than the overall investment grade corporate bond market, as represented by the Northern Trust US Investment Grade Corporate Bond Index SM. Flexshares Credit is traded on NASDAQ Exchange in the United States.
FlexShares Credit Etf Technical Analysis
FlexShares Credit 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
FlexShares Credit Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
FlexShares Credit Scored Corporate cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
FlexShares Credit December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how FlexShares Credit etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading FlexShares Credit shares will generate the highest return on investment. By undertsting and applying FlexShares Credit etf market strength indicators, traders can identify FlexShares Credit Scored Corporate entry and exit signals to maximize returns
FlexShares Credit Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for FlexShares Credit's price direction in advance. Along with the technical and fundamental analysis of FlexShares Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of FlexShares 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 | (0.0008) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.66) | |||
| Treynor Ratio | 0.3663 |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in FlexShares Credit Scored Corporate. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
The market value of FlexShares Credit is measured differently than its book value, which is the value of FlexShares that is recorded on the company's balance sheet. Investors also form their own opinion of FlexShares Credit's value that differs from its market value or its book value, called intrinsic value, which is FlexShares Credit'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 FlexShares Credit's market value can be influenced by many factors that don't directly affect FlexShares Credit'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 FlexShares Credit's value and its price as these two are different measures arrived at by different means. Investors typically determine if FlexShares Credit is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FlexShares Credit'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.