ASYMmetric Smart SP 500 ETF Stock Price Up 0.1
ASPY Etf | USD 26.71 0.00 0.00% |
Slightly above 56% of ASPY's investor base is looking to short. The current sentiment regarding investing in ASPY etf implies that many traders are alarmed. ASPY's investing sentiment can be driven by a variety of factors including economic data, ASPY's earnings reports, geopolitical events, and overall market trends.
ASPY |
ASYMmetric Smart SP 500 ETF s share price rose 0.1 percent during trading on Tuesday . The stock traded as high as 26.20 and last traded at 26.14. Approximately 5,280 shares were traded during trading, an increase of 26 percent from the average daily volume of 4,181 shares. The stock had previously closed
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ASPY Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards ASPY can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
ASPY Fundamental Analysis
We analyze ASPY's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ASPY using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ASPY based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Net Asset
Net Asset Comparative Analysis
ASPY is currently under evaluation in net asset as compared to similar ETFs. Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
ASPY Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ASPY etf to make a market-neutral strategy. Peer analysis of ASPY could also be used in its relative valuation, which is a method of valuing ASPY by comparing valuation metrics with similar companies.
Peers
ASPY Related Equities
MSVX | LHA Market | 0.45 | ||||
CBLS | Listed Funds | 0.63 | ||||
LBAY | Tidal ETF | 1.01 |
Check out Trending Equities 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 american community survey. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
The market value of ASPY is measured differently than its book value, which is the value of ASPY that is recorded on the company's balance sheet. Investors also form their own opinion of ASPY's value that differs from its market value or its book value, called intrinsic value, which is ASPY'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 ASPY's market value can be influenced by many factors that don't directly affect ASPY'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 ASPY's value and its price as these two are different measures arrived at by different means. Investors typically determine if ASPY is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ASPY'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.