Beta Shares (Australia) Price on December 7, 2023
| QRE Etf | 7.15 0.03 0.42% |
Below is the normalized historical share price chart for Beta Shares SPASX extending back to December 10, 2010. 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 Beta Shares stands at 7.15, as last reported on the 12th of December 2024, with the highest price reaching 7.17 and the lowest price hitting 7.12 during the day.
If you're considering investing in Beta Etf, it is important to understand the factors that can impact its price. Currently, Beta Shares SPASX is not too volatile. Beta Shares SPASX secures Sharpe Ratio (or Efficiency) of 0.0733, which signifies that the etf had a 0.0733% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Beta Shares SPASX, which you can use to evaluate the volatility of the entity. Please confirm Beta Shares' Mean Deviation of 0.958, downside deviation of 1.06, and Risk Adjusted Performance of 0.0953 to double-check if the risk estimate we provide is consistent with the expected return of 0.0878%.
Beta Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 17.94 | 200 Day MA 7.2901 | 50 Day MA 7.1776 | Inception Date 2010-12-10 | Beta 0.82 |
Beta |
Sharpe Ratio = 0.0733
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Estimated Market Risk
| 1.2 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Beta Shares is performing at about 5% 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 Beta Shares by adding it to a well-diversified portfolio.
Average Mkt Cap Mil AUDÂ 30381 |
Beta Shares Valuation on December 7, 2023
It is possible to determine the worth of Beta Shares on a given historical date. On December 7, 2023 Beta was worth 7.58 at the beginning of the trading date compared to the closed value of 7.44. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Beta Shares etf. Still, in general, we apply an absolute valuation method to find Beta Shares' 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 Beta Shares where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Beta Shares' related companies.
| Open | High | Low | Close | Volume | |
| 7.31 | 7.42 | 7.29 | 7.42 | 50,295 | |
12/07/2023 | 7.58 | 7.58 | 7.37 | 7.44 | 31,499 |
| 7.50 | 7.53 | 7.45 | 7.52 | 35,195 |
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Beta Shares Trading Date Momentum on December 7, 2023
| On December 08 2023 Beta Shares SPASX was traded for 7.52 at the closing time. The maximum traded price for the trading interval was 7.53 and the lowest daily price was 7.45 . The daily volume was recorded at 35.2 K. The volume of trading on 8th of December 2023 played a part in the next trading day price appreciation. The trading delta at closing time to the next closing price was 1.08% . The overall trading delta to the closing price today is 4.70% . |
Beta Shares SPASX Fundamentals Correlations and Trends
By evaluating Beta Shares' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Beta Shares' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Beta financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Beta Shares Etf history
Beta Shares 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 Beta is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Beta Shares SPASX 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 Beta Shares stock prices may prove useful in developing a viable investing in Beta Shares
Beta Shares Etf Technical Analysis
Beta Shares 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
Beta Shares Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
Beta Shares SPASX cannot be verified against its exchange. Please verify the symbol is currently traded on Australian Securities 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.
Beta Shares December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Beta Shares etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Beta Shares shares will generate the highest return on investment. By undertsting and applying Beta Shares etf market strength indicators, traders can identify Beta Shares SPASX entry and exit signals to maximize returns
Beta Shares Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Beta Shares' price direction in advance. Along with the technical and fundamental analysis of Beta Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Beta 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 | 0.0953 | |||
| Jensen Alpha | 0.1307 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0304 | |||
| Treynor Ratio | 1.04 |
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Other Information on Investing in Beta Etf
Beta Shares financial ratios help investors to determine whether Beta 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 Beta with respect to the benefits of owning Beta Shares security.