Tsmz Etf Price on November 21, 2024
| TSMZ Etf | 23.97 0.34 1.44% |
If you're considering investing in TSMZ Etf, it is important to understand the factors that can impact its price. As of today, the current price of TSMZ stands at 23.97, as last reported on the 27th of November, with the highest price reaching 23.98 and the lowest price hitting 23.97 during the day. TSMZ owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0132, which indicates the etf had a -0.0132% return per unit of standard deviation over the last 3 months. TSMZ exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TSMZ's risk adjusted performance of (0.02), and Variance of 5.48 to confirm the risk estimate we provide.
TSMZ Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
TSMZ |
Sharpe Ratio = -0.0132
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| Negative Returns | TSMZ |
Estimated Market Risk
| 2.32 actual daily | 20 80% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average TSMZ 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 TSMZ by adding TSMZ to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
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TSMZ Valuation on November 21, 2024
It is possible to determine the worth of TSMZ on a given historical date. On November 21, 2024 TSMZ was worth 22.79 at the beginning of the trading date compared to the closed value of 22.74. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of TSMZ etf. Still, in general, we apply an absolute valuation method to find TSMZ'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 TSMZ where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against TSMZ's related companies.
| Open | High | Low | Close | Volume | |
| 23.11 | 23.11 | 23.08 | 23.08 | 600.00 | |
11/21/2024 | 22.79 | 22.79 | 22.74 | 22.74 | 400.00 |
| 22.89 | 22.89 | 22.89 | 22.89 | 625.00 |
| Backtest TSMZ | | | TSMZ History | | | TSMZ Valuation | Previous | Next |
TSMZ Trading Date Momentum on November 21, 2024
| On November 22 2024 TSMZ was traded for 22.89 at the closing time. The top price for the day was 22.89 and the lowest listed price was 22.89 . The trading volume for the day was 625. The trading history from November 22, 2024 was a factor to the next trading day price jump. The trading price change against the next closing price was 0.66% . The trading price change against the current closing price is 5.45% . |
About TSMZ Etf history
TSMZ 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 TSMZ is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in TSMZ 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 TSMZ stock prices may prove useful in developing a viable investing in TSMZ
TSMZ Etf Technical Analysis
TSMZ 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
TSMZ Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
TSMZ 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.
TSMZ November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how TSMZ etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TSMZ shares will generate the highest return on investment. By undertsting and applying TSMZ etf market strength indicators, traders can identify TSMZ entry and exit signals to maximize returns
TSMZ Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for TSMZ's price direction in advance. Along with the technical and fundamental analysis of TSMZ Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of TSMZ 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 | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | 4.47 |
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| Math Transform | ||
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| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TSMZ. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
The market value of TSMZ is measured differently than its book value, which is the value of TSMZ that is recorded on the company's balance sheet. Investors also form their own opinion of TSMZ's value that differs from its market value or its book value, called intrinsic value, which is TSMZ'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 TSMZ's market value can be influenced by many factors that don't directly affect TSMZ'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 TSMZ's value and its price as these two are different measures arrived at by different means. Investors typically determine if TSMZ is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TSMZ'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.