21Shares Arbitrum (Netherlands) Price on December 24, 2024
| AARB Etf | 13.94 0.48 3.33% |
If you're considering investing in 21Shares Etf, it is important to understand the factors that can impact its price. As of today, the current price of 21Shares Arbitrum stands at 13.94, as last reported on the 10th of January, with the highest price reaching 13.94 and the lowest price hitting 13.77 during the day. 21Shares Arbitrum appears to be slightly risky, given 3 months investment horizon. 21Shares Arbitrum ETP secures Sharpe Ratio (or Efficiency) of 0.0993, which signifies that the etf had a 0.0993% return per unit of risk over the last 3 months. By inspecting 21Shares Arbitrum's technical indicators, you can evaluate if the expected return of 0.81% is justified by implied risk. Please makes use of 21Shares Arbitrum's coefficient of variation of 1246.14, and Mean Deviation of 5.02 to double-check if our risk estimates are consistent with your expectations.
21Shares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
21Shares |
Sharpe Ratio = 0.0993
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Estimated Market Risk
| 8.16 actual daily | 72 72% of assets are less volatile |
Expected Return
| 0.81 actual daily | 16 84% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average 21Shares Arbitrum is performing at about 7% 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 21Shares Arbitrum by adding it to a well-diversified portfolio.
21Shares Arbitrum Valuation on December 24, 2024
It is possible to determine the worth of 21Shares Arbitrum on a given historical date. On December 24, 2024 21Shares was worth 14.19 at the beginning of the trading date compared to the closed value of 14.55. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of 21Shares Arbitrum etf. Still, in general, we apply an absolute valuation method to find 21Shares Arbitrum'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 21Shares Arbitrum where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against 21Shares Arbitrum's related companies.
| Open | High | Low | Close | Volume | |
| 13.80 | 13.80 | 13.78 | 13.78 | 100.00 | |
12/24/2024 | 14.19 | 14.55 | 14.19 | 14.55 | 60.00 |
| 13.86 | 14.46 | 13.79 | 13.79 | 483.00 |
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21Shares Arbitrum Trading Date Momentum on December 24, 2024
| On December 27 2024 21Shares Arbitrum ETP was traded for 13.79 at the closing time. The highest price during the trading period was 14.46 and the lowest recorded bid was listed for 13.79 . The volume for the day was 483. This history from December 27, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 5.22% . The daily price change to the current price is 8.18% . |
Price Boundaries
21Shares Arbitrum Period Price Range
Low | January 10, 2025
| High |
0.00 | 0.00 |
21Shares Arbitrum ETP cannot be verified against its exchange. Please verify the symbol is currently traded on Euronext Amsterdam. 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.
21Shares Arbitrum January 10, 2025 Market Strength
Market strength indicators help investors to evaluate how 21Shares Arbitrum etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 21Shares Arbitrum shares will generate the highest return on investment. By undertsting and applying 21Shares Arbitrum etf market strength indicators, traders can identify 21Shares Arbitrum ETP entry and exit signals to maximize returns
21Shares Arbitrum Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for 21Shares Arbitrum's price direction in advance. Along with the technical and fundamental analysis of 21Shares Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of 21Shares 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.