Communication Services Select Etf Price on January 31, 2024
| XLC Etf | USD 96.88 0.21 0.22% |
Below is the normalized historical share price chart for Communication Services Select extending back to June 19, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Communication Services stands at 96.88, as last reported on the 24th of November, with the highest price reaching 97.21 and the lowest price hitting 96.49 during the day.
If you're considering investing in Communication Etf, it is important to understand the factors that can impact its price. At this point, Communication Services is very steady. Communication Services secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the etf had a 0.2% return per unit of risk over the last 3 months. We have found thirty technical indicators for Communication Services Select, which you can use to evaluate the volatility of the entity. Please confirm Communication Services' Mean Deviation of 0.5963, risk adjusted performance of 0.1653, and Downside Deviation of 0.8686 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%.
Communication Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 21.03 | 200 Day MA 85.1856 | 1 y Volatility 11.14 | 50 Day MA 91.809 | Inception Date 2018-06-18 |
Communication |
Sharpe Ratio = 0.1997
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Estimated Market Risk
| 0.81 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.2 actual daily | 15 85% of assets perform better |
Based on monthly moving average Communication Services is performing at about 15% 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 Communication Services by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 232.1 K |
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Communication Services Valuation on January 31, 2024
It is possible to determine the worth of Communication Services on a given historical date. On January 31, 2024 Communication was worth 75.7 at the beginning of the trading date compared to the closed value of 75.25. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Communication Services etf. Still, in general, we apply an absolute valuation method to find Communication Services' 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 Communication Services where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Communication Services' related companies.
| Open | High | Low | Close | Volume | |
| 77.49 | 77.71 | 77.11 | 77.15 | 4,596,917 | |
01/31/2024 | 75.70 | 76.31 | 75.21 | 75.25 | 9,336,420 |
| 75.93 | 76.34 | 75.69 | 76.02 | 6,907,168 |
| Backtest Communication Services | | | Communication Services History | | | Communication Services Valuation | Previous | Next |
Communication Services Trading Date Momentum on January 31, 2024
| On February 01 2024 Communication Services Select was traded for 76.02 at the closing time. Highest Communication Services's price during the trading hours was 76.34 and the lowest price during the day was 75.69 . The net volume was 6.9 M. The overall trading history on the 1st of February contributed to the next trading period price growth. The trading price change to the next next day price was 1.02% . The overall trading delta to current price is 4.27% . |
Communication Services Fundamentals Correlations and Trends
By evaluating Communication Services' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Communication Services' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Communication financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Communication Services Etf history
Communication Services 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 Communication is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Communication Services 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 Communication Services stock prices may prove useful in developing a viable investing in Communication Services
Communication Services Etf Technical Analysis
Communication Services 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
Communication Services Period Price Range
Low | November 24, 2024
| High |
0.00 | 0.00 |
Communication Services Select cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA 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.
Communication Services November 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Communication Services etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Communication Services shares will generate the highest return on investment. By undertsting and applying Communication Services etf market strength indicators, traders can identify Communication Services Select entry and exit signals to maximize returns
Communication Services Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Communication Services' price direction in advance. Along with the technical and fundamental analysis of Communication Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Communication 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 | 0.1653 | |||
| Jensen Alpha | 0.0812 | |||
| Total Risk Alpha | 0.0362 | |||
| Sortino Ratio | 0.0483 | |||
| Treynor Ratio | 0.2411 |
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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Communication Services Select. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
The market value of Communication Services is measured differently than its book value, which is the value of Communication that is recorded on the company's balance sheet. Investors also form their own opinion of Communication Services' value that differs from its market value or its book value, called intrinsic value, which is Communication Services' 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 Communication Services' market value can be influenced by many factors that don't directly affect Communication Services' 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 Communication Services' value and its price as these two are different measures arrived at by different means. Investors typically determine if Communication Services is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Communication Services' 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.