Axonic Strategic Income Etf Price on December 13, 2024
| AXSAX Etf | USD 8.87 0.01 0.11% |
Below is the normalized historical share price chart for Axonic Strategic Income extending back to July 16, 2020. 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 Axonic Strategic stands at 8.87, as last reported on the 13th of December 2024, with the highest price reaching 8.88 and the lowest price hitting 8.87 during the day.
If you're considering investing in Axonic Etf, it is important to understand the factors that can impact its price. At this stage we consider Axonic Etf to be very steady. Axonic Strategic Income secures Sharpe Ratio (or Efficiency) of 0.0522, which signifies that the etf had a 0.0522% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Axonic Strategic Income, which you can use to evaluate the volatility of the entity. Please confirm Axonic Strategic's Risk Adjusted Performance of 0.0028, mean deviation of 0.0726, and Coefficient Of Variation of 1578.76 to double-check if the risk estimate we provide is consistent with the expected return of 0.0073%.
Axonic Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Axonic |
Sharpe Ratio = 0.0522
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| Negative Returns | AXSAX |
Estimated Market Risk
| 0.14 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average Axonic Strategic is performing at about 4% 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 Axonic Strategic by adding it to a well-diversified portfolio.
Axonic Strategic Valuation on December 13, 2024
It is possible to determine the worth of Axonic Strategic on a given historical date. On December 13, 2024 Axonic was worth 8.88 at the beginning of the trading date compared to the closed value of 8.87. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Axonic Strategic etf. Still, in general, we apply an absolute valuation method to find Axonic Strategic'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 Axonic Strategic where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Axonic Strategic's related companies.
| Open | High | Low | Close | Volume | |
| 8.88 | 8.88 | 8.88 | 8.88 | 1.00 | |
12/13/2024 | 8.88 | 8.88 | 8.87 | 8.87 | 0.00 |
| 8.88 | 8.88 | 8.87 | 8.87 | 0.00 |
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Axonic Strategic Trading Date Momentum on December 13, 2024
| On December 13 2024 Axonic Strategic Income was traded for 8.87 at the closing time. The highest daily price throughout the period was 8.88 and the lowest price was 8.87 . There was no trading activity during the period 0.0. Lack of trading volume on 12/13/2024 did not affect price variability. The overall trading delta to current closing price is 0.11% . |
Axonic Strategic Income Fundamentals Correlations and Trends
By evaluating Axonic Strategic'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 Axonic Strategic's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Axonic financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Axonic Strategic Etf history
Axonic Strategic 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 Axonic is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Axonic Strategic Income 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 Axonic Strategic stock prices may prove useful in developing a viable investing in Axonic Strategic
In pursuing its investment objective, the fund seeks to maximize risk-adjusted total returns by investing primarily in income-producing instruments . It also may invest in real estate investment trusts , equity securities of companies whose business is substantially related to the mortgage business, and mortgage derivatives such as stripped RMBS and inverse floaters.
Axonic Strategic Etf Technical Analysis
Axonic Strategic 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
Axonic Strategic Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
Axonic Strategic Income cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS 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.
Axonic Strategic December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how Axonic Strategic etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Axonic Strategic shares will generate the highest return on investment. By undertsting and applying Axonic Strategic etf market strength indicators, traders can identify Axonic Strategic Income entry and exit signals to maximize returns
Axonic Strategic Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Axonic Strategic's price direction in advance. Along with the technical and fundamental analysis of Axonic Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Axonic 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 | 0.0028 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.63) | |||
| Treynor Ratio | (0.16) |
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Other Information on Investing in Axonic Etf
Axonic Strategic financial ratios help investors to determine whether Axonic Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Axonic with respect to the benefits of owning Axonic Strategic security.