Elkhorn Etf Price on December 29, 2022
XM Etf | USD 18.14 0.00 0.00% |
If you're considering investing in Elkhorn Etf, it is important to understand the factors that can impact its price. As of today, the current price of Elkhorn stands at 18.14, as last reported on the 30th of November, with the highest price reaching 18.15 and the lowest price hitting 18.14 during the day. We have found twenty-seven technical indicators for Elkhorn, which you can use to evaluate the volatility of the entity. Please confirm Elkhorn's Mean Deviation of 0.1189, standard deviation of 0.1795, and Coefficient Of Variation of 449.34 to check if the risk estimate we provide is consistent with the expected return of 0.0%.
Elkhorn Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
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Sharpe Ratio = 0.0
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Based on monthly moving average Elkhorn 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 Elkhorn by adding Elkhorn to a well-diversified portfolio.
Elkhorn Valuation on December 29, 2022
It is possible to determine the worth of Elkhorn on a given historical date. On December 29, 2022 Elkhorn was worth 9.79 at the beginning of the trading date compared to the closed value of 10.34. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Elkhorn etf. Still, in general, we apply an absolute valuation method to find Elkhorn'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 Elkhorn where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Elkhorn's related companies.
Open | High | Low | Close | Volume | |
9.84 | 9.97 | 9.66 | 9.68 | 984,429 | |
12/29/2022 | 9.79 | 10.40 | 9.70 | 10.34 | 1,033,852 |
10.02 | 10.41 | 9.91 | 10.38 | 847,345 |
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Elkhorn Trading Date Momentum on December 29, 2022
On December 30 2022 Elkhorn was traded for 10.38 at the closing time. The highest price during the trading period was 10.41 and the lowest recorded bid was listed for 9.91 . The volume for the day was 847.3 K. This history from December 30, 2022 contributed to the next trading day price boost. The trading price change to the next closing price was 0.39% . The overall trading delta to the current price is 0.29% . |
Elkhorn Fundamentals Correlations and Trends
By evaluating Elkhorn'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 Elkhorn's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Elkhorn financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Elkhorn Etf history
Elkhorn 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 Elkhorn is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Elkhorn 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 Elkhorn stock prices may prove useful in developing a viable investing in Elkhorn
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Elkhorn Etf Technical Analysis
Elkhorn 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
Elkhorn Period Price Range
Low | November 30, 2024
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0.00 | 0.00 |
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Elkhorn November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Elkhorn etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Elkhorn shares will generate the highest return on investment. By undertsting and applying Elkhorn etf market strength indicators, traders can identify Elkhorn entry and exit signals to maximize returns
Elkhorn Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Elkhorn's price direction in advance. Along with the technical and fundamental analysis of Elkhorn Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Elkhorn 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 | 0.1375 | |||
Jensen Alpha | 0.0297 | |||
Total Risk Alpha | (0.000019) | |||
Sortino Ratio | (0.73) | |||
Treynor Ratio | 17.61 |
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Check out Your Current Watchlist to better understand how to build diversified portfolios. 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of Elkhorn is measured differently than its book value, which is the value of Elkhorn that is recorded on the company's balance sheet. Investors also form their own opinion of Elkhorn's value that differs from its market value or its book value, called intrinsic value, which is Elkhorn'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 Elkhorn's market value can be influenced by many factors that don't directly affect Elkhorn'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 Elkhorn's value and its price as these two are different measures arrived at by different means. Investors typically determine if Elkhorn is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elkhorn'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.