Etf Managers Group Etf Price on December 28, 2022
| MJXL Etf | USD 0.39 0.01 2.50% |
If you're considering investing in ETF Etf, it is important to understand the factors that can impact its price. As of today, the current price of ETF Managers stands at 0.39, as last reported on the 14th of December 2024, with the highest price reaching 0.40 and the lowest price hitting 0.36 during the day. We have found twenty-three technical indicators for ETF Managers Group, which you can use to evaluate the volatility of the entity. Please confirm ETF Managers' mean deviation of 5.82, and Standard Deviation of 7.18 to check if the risk estimate we provide is consistent with the expected return of 0.0%.
ETF 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 ETF Managers 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 ETF Managers by adding ETF Managers to a well-diversified portfolio.
ETF Managers Valuation on December 28, 2022
It is possible to determine the worth of ETF Managers on a given historical date. On December 28, 2022 ETF was worth 0.4 at the beginning of the trading date compared to the closed value of 0.39. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ETF Managers etf. Still, in general, we apply an absolute valuation method to find ETF Managers' 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 ETF Managers where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ETF Managers' related companies.
| Open | High | Low | Close | Volume | |
| 0.38 | 0.40 | 0.36 | 0.39 | 31,200 | |
12/28/2022 | 0.40 | 0.40 | 0.36 | 0.39 | 13,580 |
| 0.40 | 0.40 | 0.36 | 0.39 | 0.00 |
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ETF Managers Trading Date Momentum on December 28, 2022
| On December 14 2024 ETF Managers Group was traded for 0.39 at the closing time. The top price for the day was 0.40 and the lowest listed price was 0.36 . There was no trading activity during the period 0.0. Lack of trading volume on December 14, 2024 did not affect price variability. The overall trading delta against the current closing price is 2.56% . |
About ETF Managers Etf history
ETF Managers 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 ETF is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ETF Managers Group 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 ETF Managers stock prices may prove useful in developing a viable investing in ETF Managers
The financial instruments in which the fund most commonly invests are swap agreements which are intended to produce economically leveraged investment results. Etfmg Daily is traded on NYSEARCA Exchange in the United States.
ETF Managers Etf Technical Analysis
ETF Managers 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
ETF Managers Period Price Range
Low | December 14, 2024
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0.00 | 0.00 |
ETF Managers Group cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
ETF Managers December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how ETF Managers etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ETF Managers shares will generate the highest return on investment. By undertsting and applying ETF Managers etf market strength indicators, traders can identify ETF Managers Group entry and exit signals to maximize returns
ETF Managers Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ETF Managers' price direction in advance. Along with the technical and fundamental analysis of ETF Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of ETF 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 | (0.17) | |||
| Jensen Alpha | (1.65) | |||
| Total Risk Alpha | (2.67) | |||
| Treynor Ratio | 1.32 |
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Check out Correlation Analysis 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 interest. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
The market value of ETF Managers Group is measured differently than its book value, which is the value of ETF that is recorded on the company's balance sheet. Investors also form their own opinion of ETF Managers' value that differs from its market value or its book value, called intrinsic value, which is ETF Managers' 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 ETF Managers' market value can be influenced by many factors that don't directly affect ETF Managers' 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 ETF Managers' value and its price as these two are different measures arrived at by different means. Investors typically determine if ETF Managers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETF Managers' 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.