Materials Select Sector Etf Price on October 9, 2024
| XLB Etf | USD 90.63 0.32 0.35% |
Below is the normalized historical share price chart for Materials Select Sector extending back to December 22, 1998. 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 Materials Select stands at 90.63, as last reported on the 11th of December 2024, with the highest price reaching 91.25 and the lowest price hitting 90.57 during the day.
If you're considering investing in Materials Etf, it is important to understand the factors that can impact its price. Materials Select Sector has Sharpe Ratio of -0.0106, which conveys that the entity had a -0.0106% return per unit of risk over the last 3 months. Materials Select exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Materials Select's Downside Deviation of 0.7505, risk adjusted performance of 0.0127, and Mean Deviation of 0.6499 to check out the risk estimate we provide.
Materials Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 21.18 | 200 Day MA 91.5784 | 50 Day MA 94.5204 | Inception Date 1998-12-16 | Beta 1.16 |
Materials |
Sharpe Ratio = -0.0106
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| Negative Returns | XLB |
Estimated Market Risk
| 0.79 actual daily | 7 93% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Materials Select 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 Materials Select by adding Materials Select to a well-diversified portfolio.
Average Mkt Cap Mil 49.2 K |
Materials Select Valuation on October 9, 2024
It is possible to determine the worth of Materials Select on a given historical date. On October 9, 2024 Materials was worth 94.38 at the beginning of the trading date compared to the closed value of 95.05. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Materials Select etf. Still, in general, we apply an absolute valuation method to find Materials Select'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 Materials Select where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Materials Select's related companies.
| Open | High | Low | Close | Volume | |
| 94.34 | 94.57 | 93.84 | 94.45 | 4,466,900 | |
10/09/2024 | 94.38 | 95.32 | 94.24 | 95.05 | 4,280,958 |
| 95.01 | 95.42 | 94.66 | 95.27 | 3,381,859 |
| Backtest Materials Select | | | Materials Select History | | | Materials Select Valuation | Previous | Next |
Materials Select Trading Date Momentum on October 9, 2024
| On October 10 2024 Materials Select Sector was traded for 95.27 at the closing time. Highest Materials Select's price during the trading hours was 95.42 and the lowest price during the day was 94.66 . The net volume was 3.4 M. The overall trading history on the 10th of October contributed to the next trading period price jump. The trading price change to the next next day price was 0.23% . The trading delta at closing time to current price is 2.60% . |
Materials Select Sector Fundamentals Correlations and Trends
By evaluating Materials Select'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 Materials Select's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Materials financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Materials Select Etf history
Materials Select 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 Materials is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Materials Select Sector 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 Materials Select stock prices may prove useful in developing a viable investing in Materials Select
Materials Select Etf Technical Analysis
Materials Select 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
Materials Select Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Materials Select Sector cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA 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.
Materials Select December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Materials Select etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Materials Select shares will generate the highest return on investment. By undertsting and applying Materials Select etf market strength indicators, traders can identify Materials Select Sector entry and exit signals to maximize returns
Materials Select Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Materials Select's price direction in advance. Along with the technical and fundamental analysis of Materials Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Materials 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 | 0.0127 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | 0.0044 |
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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Materials Select Sector. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
The market value of Materials Select Sector is measured differently than its book value, which is the value of Materials that is recorded on the company's balance sheet. Investors also form their own opinion of Materials Select's value that differs from its market value or its book value, called intrinsic value, which is Materials Select'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 Materials Select's market value can be influenced by many factors that don't directly affect Materials Select'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 Materials Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Materials Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Materials Select'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.