Flexshares Credit Scored Long Etf Price on November 5, 2024
| LKOR Etf | USD 43.08 0.31 0.71% |
Below is the normalized historical share price chart for FlexShares Credit Scored Long extending back to September 24, 2015. 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 FlexShares Credit stands at 43.08, as last reported on the 14th of December 2024, with the highest price reaching 43.30 and the lowest price hitting 43.08 during the day.
If you're considering investing in FlexShares Etf, it is important to understand the factors that can impact its price. FlexShares Credit secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the etf had a -0.11% return per unit of risk over the last 3 months. FlexShares Credit Scored Long exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FlexShares Credit's Variance of 0.4254, mean deviation of 0.4788, and Standard Deviation of 0.6522 to check the risk estimate we provide.
FlexShares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 16.7 | 200 Day MA 43.5365 | 1 y Volatility 11.75 | 50 Day MA 43.8458 | Inception Date 2015-09-23 |
FlexShares |
Sharpe Ratio = -0.1123
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| Negative Returns | LKOR |
Estimated Market Risk
| 0.65 actual daily | 5 95% of assets are more volatile |
Expected Return
| -0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.11 actual daily | 0 Most of other assets perform better |
Based on monthly moving average FlexShares Credit 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 FlexShares Credit by adding FlexShares Credit to a well-diversified portfolio.
FlexShares Credit Valuation on November 5, 2024
It is possible to determine the worth of FlexShares Credit on a given historical date. On November 5, 2024 FlexShares was worth 43.05 at the beginning of the trading date compared to the closed value of 43.37. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of FlexShares Credit etf. Still, in general, we apply an absolute valuation method to find FlexShares Credit'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 FlexShares Credit where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against FlexShares Credit's related companies.
| Open | High | Low | Close | Volume | |
| 43.10 | 43.19 | 43.00 | 43.06 | 2,393 | |
11/05/2024 | 43.05 | 43.42 | 42.97 | 43.37 | 2,139 |
| 42.61 | 42.99 | 42.58 | 42.71 | 7,688 |
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FlexShares Credit Trading Date Momentum on November 5, 2024
| On November 06 2024 FlexShares Credit Scored Long was traded for 42.71 at the closing time. The top price for the day was 42.99 and the lowest listed price was 42.58 . The trading volume for the day was 7.7 K. The trading history from November 6, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 1.52% . The overall trading delta against the current closing price is 1.89% . |
FlexShares Credit Fundamentals Correlations and Trends
By evaluating FlexShares Credit'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 FlexShares Credit's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. FlexShares financial account trend analysis is a perfect complement when working with valuation or volatility modules.About FlexShares Credit Etf history
FlexShares Credit 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 FlexShares is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in FlexShares Credit 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 FlexShares Credit stock prices may prove useful in developing a viable investing in FlexShares Credit
The underlying index reflects the performance of a broad universe of longer term maturity, US-dollar denominated investment grade corporate bonds that can potentially deliver a higher total return than the overall investment grade corporate bond market, as represented by the Northern Trust US Investment Grade Long Corporate Bond Index SM . Flexshares Credit is traded on BATS Exchange in the United States.
FlexShares Credit Etf Technical Analysis
FlexShares Credit 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
FlexShares Credit Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
FlexShares Credit Scored Long cannot be verified against its exchange. Please verify the symbol is currently traded on BATS 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.
FlexShares Credit December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how FlexShares Credit etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading FlexShares Credit shares will generate the highest return on investment. By undertsting and applying FlexShares Credit etf market strength indicators, traders can identify FlexShares Credit Scored Long entry and exit signals to maximize returns
FlexShares Credit Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for FlexShares Credit's price direction in advance. Along with the technical and fundamental analysis of FlexShares Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of FlexShares 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 | (0.06) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.47) |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in FlexShares Credit Scored Long. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
The market value of FlexShares Credit is measured differently than its book value, which is the value of FlexShares that is recorded on the company's balance sheet. Investors also form their own opinion of FlexShares Credit's value that differs from its market value or its book value, called intrinsic value, which is FlexShares Credit'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 FlexShares Credit's market value can be influenced by many factors that don't directly affect FlexShares Credit'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 FlexShares Credit's value and its price as these two are different measures arrived at by different means. Investors typically determine if FlexShares Credit is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FlexShares Credit'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.