Spkx Etf Price on December 14, 2024
| SPKX Etf | USD 9.05 0.15 1.63% |
If you're considering investing in SPKX Etf, it is important to understand the factors that can impact its price. As of today, the current price of SPKX stands at 9.05, as last reported on the 14th of December 2024, with the highest price reaching 9.21 and the lowest price hitting 9.00 during the day. We have found twenty-three technical indicators for SPKX, which you can use to evaluate the volatility of the etf. Please validate SPKX's risk adjusted performance of (0.18), and Variance of 8.09 to confirm if the risk estimate we provide is consistent with the expected return of 0.0%.
SPKX Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
SPKX |
Sharpe Ratio = 0.0
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Based on monthly moving average SPKX 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 SPKX by adding SPKX to a well-diversified portfolio.
SPKX Valuation on December 14, 2024
It is possible to determine the worth of SPKX on a given historical date. On December 14, 2024 SPKX was worth 9.2 at the beginning of the trading date compared to the closed value of 9.05. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SPKX etf. Still, in general, we apply an absolute valuation method to find SPKX'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 SPKX where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SPKX's related companies.
| Open | High | Low | Close | Volume | |
12/14/2024 | 9.20 | 9.21 | 9.00 | 9.05 | 0.00 |
| Backtest SPKX | | | SPKX History | | | SPKX Valuation |
SPKX Trading Date Momentum on December 14, 2024
About SPKX Etf history
SPKX 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 SPKX is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in SPKX 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 SPKX stock prices may prove useful in developing a viable investing in SPKX
The fund seeks to achieve their respective investment objectives through the appropriate amount of exposure to the SPIKES futures contracts included in the index. Convexityshares is traded on NYSEARCA Exchange in the United States.
SPKX Etf Technical Analysis
SPKX 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
SPKX Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
SPKX 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.
SPKX December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how SPKX etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SPKX shares will generate the highest return on investment. By undertsting and applying SPKX etf market strength indicators, traders can identify SPKX entry and exit signals to maximize returns
SPKX Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for SPKX's price direction in advance. Along with the technical and fundamental analysis of SPKX Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of SPKX 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 | (0.18) | |||
| Jensen Alpha | (0.76) | |||
| Total Risk Alpha | (1.08) | |||
| Treynor Ratio | (2.31) |
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Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
The market value of SPKX is measured differently than its book value, which is the value of SPKX that is recorded on the company's balance sheet. Investors also form their own opinion of SPKX's value that differs from its market value or its book value, called intrinsic value, which is SPKX'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 SPKX's market value can be influenced by many factors that don't directly affect SPKX'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 SPKX's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPKX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPKX'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.