Potx Etf Price on July 24, 2023
| POTX Etf | USD 6.19 0.02 0.32% |
If you're considering investing in POTX Etf, it is important to understand the factors that can impact its price. As of today, the current price of POTX stands at 6.19, as last reported on the 15th of December 2024, with the highest price reaching 6.28 and the lowest price hitting 6.13 during the day. We have found twenty-four technical indicators for POTX, which you can use to evaluate the volatility of the etf. Please check POTX's Risk Adjusted Performance of (0.09), market risk adjusted performance of 2.11, and Coefficient Of Variation of (776.64) to confirm if the risk estimate we provide is consistent with the expected return of 0.0%.
POTX Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
POTX |
Sharpe Ratio = 0.0
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Based on monthly moving average POTX 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 POTX by adding POTX to a well-diversified portfolio.
POTX Valuation on July 24, 2023
It is possible to determine the worth of POTX on a given historical date. On July 24, 2023 POTX was worth 6.21 at the beginning of the trading date compared to the closed value of 6.19. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of POTX etf. Still, in general, we apply an absolute valuation method to find POTX'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 POTX where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against POTX's related companies.
| Open | High | Low | Close | Volume | |
| 6.21 | 6.26 | 6.14 | 6.14 | 7,900 | |
07/24/2023 | 6.21 | 6.28 | 6.13 | 6.19 | 10,678 |
| 6.21 | 6.28 | 6.13 | 6.19 | 0.00 |
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POTX Trading Date Momentum on July 24, 2023
| On December 15 2024 POTX was traded for 6.19 at the closing time. The top price for the day was 6.28 and the lowest listed price was 6.13 . There was no trading activity during the period 0.0. Lack of trading volume on December 15, 2024 did not cause price change. The trading delta at closing time against the current closing price is 0.32% . |
POTX Fundamentals Correlations and Trends
By evaluating POTX'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 POTX's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. POTX financial account trend analysis is a perfect complement when working with valuation or volatility modules.About POTX Etf history
POTX 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 POTX is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in POTX 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 POTX stock prices may prove useful in developing a viable investing in POTX
The fund invests at least 80 percent of its total assets in the securities of the underlying index and in American Depositary Receipts and Global Depositary Receipts based on the securities in the underlying index. Gx Cannabis is traded on NASDAQ Exchange in the United States.
POTX Etf Technical Analysis
POTX 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
POTX Period Price Range
Low | December 15, 2024
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0.00 | 0.00 |
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POTX December 15, 2024 Market Strength
Market strength indicators help investors to evaluate how POTX etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading POTX shares will generate the highest return on investment. By undertsting and applying POTX etf market strength indicators, traders can identify POTX entry and exit signals to maximize returns
POTX Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for POTX's price direction in advance. Along with the technical and fundamental analysis of POTX Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of POTX 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 | (0.09) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | 2.1 |
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Check out Your Equity Center 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 estimate. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
The market value of POTX is measured differently than its book value, which is the value of POTX that is recorded on the company's balance sheet. Investors also form their own opinion of POTX's value that differs from its market value or its book value, called intrinsic value, which is POTX'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 POTX's market value can be influenced by many factors that don't directly affect POTX'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 POTX's value and its price as these two are different measures arrived at by different means. Investors typically determine if POTX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, POTX'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.