Wahed Dow Jones Etf Price on November 20, 2024
| UMMA Etf | USD 24.11 0.01 0.04% |
If you're considering investing in Wahed Etf, it is important to understand the factors that can impact its price. As of today, the current price of Wahed Dow stands at 24.11, as last reported on the 29th of November, with the highest price reaching 24.15 and the lowest price hitting 24.05 during the day. Wahed Dow Jones shows Sharpe Ratio of -0.0299, which attests that the etf had a -0.0299% return per unit of risk over the last 3 months. Wahed Dow Jones exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wahed Dow's Mean Deviation of 0.795, market risk adjusted performance of (0.13), and Standard Deviation of 1.08 to validate the risk estimate we provide.
Wahed Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Wahed |
Sharpe Ratio = -0.0299
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Estimated Market Risk
| 1.02 actual daily | 9 91% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Wahed Dow 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 Wahed Dow by adding Wahed Dow to a well-diversified portfolio.
Average Mkt Cap Mil 134.8 K |
Wahed Dow Valuation on November 20, 2024
It is possible to determine the worth of Wahed Dow on a given historical date. On November 20, 2024 Wahed was worth 23.85 at the beginning of the trading date compared to the closed value of 23.81. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Wahed Dow etf. Still, in general, we apply an absolute valuation method to find Wahed Dow'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 Wahed Dow where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Wahed Dow's related companies.
| Open | High | Low | Close | Volume | |
| 23.73 | 24.04 | 23.68 | 24.01 | 21,569 | |
11/20/2024 | 23.85 | 23.85 | 23.68 | 23.81 | 17,034 |
| 23.80 | 24.03 | 23.77 | 24.02 | 16,396 |
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Wahed Dow Trading Date Momentum on November 20, 2024
| On November 21 2024 Wahed Dow Jones was traded for 24.02 at the closing time. The top price for the day was 24.03 and the lowest listed price was 23.77 . The trading volume for the day was 16.4 K. The trading history from November 21, 2024 was a factor to the next trading day price jump. The trading price change against the next closing price was 0.88% . The trading price change against the current closing price is 1.05% . |
Wahed Dow Jones Fundamentals Correlations and Trends
By evaluating Wahed Dow'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 Wahed Dow's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Wahed financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Wahed Dow Etf history
Wahed Dow 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 Wahed is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Wahed Dow Jones 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 Wahed Dow stock prices may prove useful in developing a viable investing in Wahed Dow
The fund is an actively-managed exchange-traded fund that seeks to invests in equity securities of global companies the characteristics of which meet the requirements of Shariah and are consistent with Islamic principles as interpreted by subject-matter experts . Wahed Dow is traded on NASDAQ Exchange in the United States.
Wahed Dow Etf Technical Analysis
Wahed Dow 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
Wahed Dow Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Wahed Dow Jones 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.
Wahed Dow November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Wahed Dow etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Wahed Dow shares will generate the highest return on investment. By undertsting and applying Wahed Dow etf market strength indicators, traders can identify Wahed Dow Jones entry and exit signals to maximize returns
Wahed Dow Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Wahed Dow's price direction in advance. Along with the technical and fundamental analysis of Wahed Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Wahed 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 | (0.04) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.14) |
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| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Wahed Dow Jones. 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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
The market value of Wahed Dow Jones is measured differently than its book value, which is the value of Wahed that is recorded on the company's balance sheet. Investors also form their own opinion of Wahed Dow's value that differs from its market value or its book value, called intrinsic value, which is Wahed Dow'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 Wahed Dow's market value can be influenced by many factors that don't directly affect Wahed Dow'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 Wahed Dow's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wahed Dow is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wahed Dow'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.