Ninepoint Web3 Innovators Etf Price on June 2, 2023
| TKN Etf | 25.37 0.15 0.59% |
If you're considering investing in Ninepoint Etf, it is important to understand the factors that can impact its price. As of today, the current price of Ninepoint Web3 stands at 25.37, as last reported on the 4th of December, with the highest price reaching 25.40 and the lowest price hitting 25.37 during the day. Ninepoint Web3 appears to be very steady, given 3 months investment horizon. Ninepoint Web3 Innovators has Sharpe Ratio of 0.27, which conveys that the entity had a 0.27% return per unit of risk over the last 3 months. By analyzing Ninepoint Web3's technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please exercise Ninepoint Web3's Mean Deviation of 1.66, risk adjusted performance of 0.1853, and Downside Deviation of 2.24 to check out if our risk estimates are consistent with your expectations.
Ninepoint Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Ninepoint |
Sharpe Ratio = 0.2731
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Estimated Market Risk
| 2.64 actual daily | 23 77% of assets are more volatile |
Expected Return
| 0.72 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.27 actual daily | 21 79% of assets perform better |
Based on monthly moving average Ninepoint Web3 is performing at about 21% 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 Ninepoint Web3 by adding it to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
Ninepoint Web3 Valuation on June 2, 2023
It is possible to determine the worth of Ninepoint Web3 on a given historical date. On June 2, 2023 Ninepoint was worth 10.82 at the beginning of the trading date compared to the closed value of 10.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ninepoint Web3 etf. Still, in general, we apply an absolute valuation method to find Ninepoint Web3'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 Ninepoint Web3 where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ninepoint Web3's related companies.
| Open | High | Low | Close | Volume | |
| 11.00 | 11.00 | 11.00 | 11.00 | 1.00 | |
06/02/2023 | 10.82 | 10.90 | 10.82 | 10.90 | 750.00 |
| 10.88 | 10.88 | 10.88 | 10.88 | 200.00 |
| Backtest Ninepoint Web3 | | | Ninepoint Web3 History | | | Ninepoint Web3 Valuation | Previous | Next |
Ninepoint Web3 Trading Date Momentum on June 2, 2023
| On June 05 2023 Ninepoint Web3 Innovators was traded for 10.88 at the closing time. The maximum traded price for the trading interval was 10.88 and the lowest daily price was 10.88 . The daily volume was recorded at 200. The volume of trading on 5th of June 2023 played a part in the next trading day price drop. The trading price change to the next closing price was 0.18% . The trading delta at closing time to the closing price today is 3.12% . |
About Ninepoint Web3 Etf history
Ninepoint Web3 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 Ninepoint is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ninepoint Web3 Innovators 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 Ninepoint Web3 stock prices may prove useful in developing a viable investing in Ninepoint Web3
Ninepoint Web3 Etf Technical Analysis
Ninepoint Web3 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
Ninepoint Web3 Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Ninepoint Web3 Innovators cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto 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.
Ninepoint Web3 December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Ninepoint Web3 etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ninepoint Web3 shares will generate the highest return on investment. By undertsting and applying Ninepoint Web3 etf market strength indicators, traders can identify Ninepoint Web3 Innovators entry and exit signals to maximize returns
Ninepoint Web3 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ninepoint Web3's price direction in advance. Along with the technical and fundamental analysis of Ninepoint Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ninepoint 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 | 0.1853 | |||
| Jensen Alpha | 0.5201 | |||
| Total Risk Alpha | 0.2511 | |||
| Sortino Ratio | 0.2273 | |||
| Treynor Ratio | 0.6908 |
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Other Information on Investing in Ninepoint Etf
Ninepoint Web3 financial ratios help investors to determine whether Ninepoint Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ninepoint with respect to the benefits of owning Ninepoint Web3 security.