Spky Etf Price on December 14, 2024
| SPKY Etf | USD 4.92 0.12 2.38% |
If you're considering investing in SPKY Etf, it is important to understand the factors that can impact its price. As of today, the current price of SPKY stands at 4.92, as last reported on the 14th of December 2024, with the highest price reaching 5.04 and the lowest price hitting 4.88 during the day. We have found twenty-three technical indicators for SPKY, which you can use to evaluate the volatility of the etf. Please validate SPKY's variance of 17.96, and Risk Adjusted Performance of (0.18) to confirm if the risk estimate we provide is consistent with the expected return of 0.0%.
SPKY Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
SPKY |
Sharpe Ratio = 0.0
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Based on monthly moving average SPKY 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 SPKY by adding SPKY to a well-diversified portfolio.
SPKY Valuation on December 14, 2024
It is possible to determine the worth of SPKY on a given historical date. On December 14, 2024 SPKY was worth 5.04 at the beginning of the trading date compared to the closed value of 4.92. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SPKY etf. Still, in general, we apply an absolute valuation method to find SPKY'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 SPKY where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SPKY's related companies.
| Open | High | Low | Close | Volume | |
12/14/2024 | 5.04 | 5.04 | 4.88 | 4.92 | 0.00 |
| Backtest SPKY | | | SPKY History | | | SPKY Valuation |
SPKY Trading Date Momentum on December 14, 2024
About SPKY Etf history
SPKY 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 SPKY is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in SPKY 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 SPKY stock prices may prove useful in developing a viable investing in SPKY
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 Daily is traded on NYSEARCA Exchange in the United States.
SPKY Etf Technical Analysis
SPKY 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
SPKY Period Price Range
Low | December 14, 2024
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0.00 | 0.00 |
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SPKY December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how SPKY etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SPKY shares will generate the highest return on investment. By undertsting and applying SPKY etf market strength indicators, traders can identify SPKY entry and exit signals to maximize returns
SPKY Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for SPKY's price direction in advance. Along with the technical and fundamental analysis of SPKY Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of SPKY 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 | (1.13) | |||
| Total Risk Alpha | (1.61) | |||
| Treynor Ratio | (2.51) |
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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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
The market value of SPKY is measured differently than its book value, which is the value of SPKY that is recorded on the company's balance sheet. Investors also form their own opinion of SPKY's value that differs from its market value or its book value, called intrinsic value, which is SPKY'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 SPKY's market value can be influenced by many factors that don't directly affect SPKY'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 SPKY's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPKY is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPKY'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.