Shp Etf Trust Etf Price on August 27, 2024
| SPYI Etf | USD 52.28 0.13 0.25% |
If you're considering investing in SHP Etf, it is important to understand the factors that can impact its price. As of today, the current price of SHP ETF stands at 52.28, as last reported on the 30th of November, with the highest price reaching 52.32 and the lowest price hitting 52.20 during the day. SHP ETF is very steady at the moment. SHP ETF Trust owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.22, which indicates the etf had a 0.22% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for SHP ETF Trust, which you can use to evaluate the volatility of the etf. Please validate SHP ETF's risk adjusted performance of 0.1356, and Coefficient Of Variation of 549.19 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%.
SHP Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
SHP |
Sharpe Ratio = 0.2245
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Estimated Market Risk
| 0.52 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.12 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.22 actual daily | 17 83% of assets perform better |
Based on monthly moving average SHP ETF is performing at about 17% 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 SHP ETF by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 341.7 K |
SHP ETF Valuation on August 27, 2024
It is possible to determine the worth of SHP ETF on a given historical date. On August 27, 2024 SHP was worth 49.0 at the beginning of the trading date compared to the closed value of 49.17. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SHP ETF etf. Still, in general, we apply an absolute valuation method to find SHP 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 SHP ETF where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SHP ETF's related companies.
| Open | High | Low | Close | Volume | |
| 49.17 | 49.25 | 48.97 | 49.09 | 558,900 | |
08/27/2024 | 49.00 | 49.19 | 48.96 | 49.17 | 438,200 |
| 49.18 | 49.18 | 48.71 | 48.91 | 386,700 |
| Backtest SHP ETF | | | SHP ETF History | | | SHP ETF Valuation | Previous | Next |
SHP ETF Trading Date Momentum on August 27, 2024
| On August 28 2024 SHP ETF Trust was traded for 48.91 at the closing time. The top price for the day was 49.18 and the lowest listed price was 48.71 . The trading volume for the day was 386.7 K. The trading history from August 28, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 0.53% . The trading price change against the current closing price is 1.61% . |
SHP ETF Trust Fundamentals Correlations and Trends
By evaluating SHP 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 SHP ETF's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. SHP financial account trend analysis is a perfect complement when working with valuation or volatility modules.About SHP ETF Etf history
SHP 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 SHP is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in SHP 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 SHP ETF stock prices may prove useful in developing a viable investing in SHP ETF
The fund is an actively-managed ETF that seeks to achieve its investment objective by investing in a portfolio of stocks that make up the SP 500 Index and a call options strategy, which consists of a mix of written call options and long call options on the SP 500 Index. Shp ETF is traded on BATS Exchange in the United States.
SHP ETF Etf Technical Analysis
SHP 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
SHP ETF Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
SHP ETF Trust cannot be verified against its exchange. Please verify the symbol is currently traded on BATS 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.
SHP ETF November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how SHP 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 SHP ETF shares will generate the highest return on investment. By undertsting and applying SHP ETF etf market strength indicators, traders can identify SHP ETF Trust entry and exit signals to maximize returns
SHP ETF Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for SHP ETF's price direction in advance. Along with the technical and fundamental analysis of SHP Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of SHP 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 | 0.1356 | |||
| Jensen Alpha | 0.0173 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1569 |
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| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SHP 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 manufacturing. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
The market value of SHP ETF Trust is measured differently than its book value, which is the value of SHP that is recorded on the company's balance sheet. Investors also form their own opinion of SHP ETF's value that differs from its market value or its book value, called intrinsic value, which is SHP 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 SHP ETF's market value can be influenced by many factors that don't directly affect SHP 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 SHP ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if SHP ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SHP 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.