Esoterica Nextg Economy Etf Price on June 4, 2024
| WUGI Etf | USD 77.65 0.65 0.84% |
Below is the normalized historical share price chart for Esoterica NextG Economy extending back to April 03, 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 Esoterica NextG stands at 77.65, as last reported on the 16th of December 2024, with the highest price reaching 77.72 and the lowest price hitting 77.15 during the day.
If you're considering investing in Esoterica Etf, it is important to understand the factors that can impact its price. Esoterica NextG appears to be very steady, given 3 months investment horizon. Esoterica NextG Economy secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the etf had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Esoterica NextG Economy, which you can use to evaluate the volatility of the entity. Please utilize Esoterica NextG's Mean Deviation of 0.99, downside deviation of 1.44, and Coefficient Of Variation of 581.83 to check if our risk estimates are consistent with your expectations.
Esoterica Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 29.18 | 200 Day MA 67.5481 | 1 y Volatility 16.07 | 50 Day MA 74.5097 | Inception Date 2020-03-31 |
Esoterica |
Sharpe Ratio = 0.1784
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Estimated Market Risk
| 1.37 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.25 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Esoterica NextG is performing at about 14% 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 Esoterica NextG by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 343.1 K |
Esoterica NextG Valuation on June 4, 2024
It is possible to determine the worth of Esoterica NextG on a given historical date. On June 4, 2024 Esoterica was worth 65.6 at the beginning of the trading date compared to the closed value of 65.42. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Esoterica NextG etf. Still, in general, we apply an absolute valuation method to find Esoterica NextG'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 Esoterica NextG where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Esoterica NextG's related companies.
| Open | High | Low | Close | Volume | |
| 65.29 | 65.33 | 64.52 | 65.25 | 2,800 | |
06/04/2024 | 65.60 | 65.60 | 64.86 | 65.42 | 2,700 |
| 67.10 | 67.47 | 66.72 | 67.47 | 5,100 |
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Esoterica NextG Trading Date Momentum on June 4, 2024
| On June 05 2024 Esoterica NextG Economy was traded for 67.47 at the closing time. The top price for the day was 67.47 and the lowest listed price was 66.72 . The trading volume for the day was 5.1 K. The trading history from June 5, 2024 was a factor to the next trading day price growth. The trading price change against the next closing price was 3.13% . The overall trading delta against the current closing price is 5.75% . |
Esoterica NextG Economy Fundamentals Correlations and Trends
By evaluating Esoterica NextG'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 Esoterica NextG's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Esoterica financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Esoterica NextG Etf history
Esoterica NextG 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 Esoterica is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Esoterica NextG Economy 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 Esoterica NextG stock prices may prove useful in developing a viable investing in Esoterica NextG
The fund is an actively-managed ETF that will invest, under normal circumstances, at least 80 percent of its total assets in domestic and foreign equity securities of companies whose economic fortunes are significantly tied to the fifth generation digital cellular network technology enabled digital economy, including companies involved in the production of 5G technology and companies that may benefit from the use of 5G. Esoterica Nextg is traded on BATS Exchange in the United States.
Esoterica NextG Etf Technical Analysis
Esoterica NextG 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
Esoterica NextG Period Price Range
Low | December 16, 2024
| High |
0.00 | 0.00 |
Esoterica NextG Economy 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.
Esoterica NextG December 16, 2024 Market Strength
Market strength indicators help investors to evaluate how Esoterica NextG etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Esoterica NextG shares will generate the highest return on investment. By undertsting and applying Esoterica NextG etf market strength indicators, traders can identify Esoterica NextG Economy entry and exit signals to maximize returns
Esoterica NextG Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Esoterica NextG's price direction in advance. Along with the technical and fundamental analysis of Esoterica Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Esoterica 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 | 0.1293 | |||
| Jensen Alpha | 0.1596 | |||
| Total Risk Alpha | 0.0546 | |||
| Sortino Ratio | 0.0927 | |||
| Treynor Ratio | 0.3157 |
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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Esoterica NextG Economy. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
The market value of Esoterica NextG Economy is measured differently than its book value, which is the value of Esoterica that is recorded on the company's balance sheet. Investors also form their own opinion of Esoterica NextG's value that differs from its market value or its book value, called intrinsic value, which is Esoterica NextG'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 Esoterica NextG's market value can be influenced by many factors that don't directly affect Esoterica NextG'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 Esoterica NextG's value and its price as these two are different measures arrived at by different means. Investors typically determine if Esoterica NextG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Esoterica NextG'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.