Health Care Select Etf Price on August 28, 2024
| XLV Etf | USD 138.68 0.92 0.66% |
Below is the normalized historical share price chart for Health Care Select 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 Health Care stands at 138.68, as last reported on the 27th of December, with the highest price reaching 138.68 and the lowest price hitting 138.68 during the day.
If you're considering investing in Health Etf, it is important to understand the factors that can impact its price. Health Care Select holds Efficiency (Sharpe) Ratio of -0.2, which attests that the entity had a -0.2% return per unit of standard deviation over the last 3 months. Health Care Select exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Health Care's market risk adjusted performance of (0.94), and Risk Adjusted Performance of (0.15) to validate the risk estimate we provide.
Health Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 14.46 | 200 Day MA 147.2888 | 1 y Volatility 11.42 | 50 Day MA 145.709 | Inception Date 1998-12-16 |
Health |
Sharpe Ratio = -0.2019
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| Negative Returns | XLV |
Estimated Market Risk
| 0.74 actual daily | 6 94% of assets are more volatile |
Expected Return
| -0.15 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.2 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Health Care 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 Health Care by adding Health Care to a well-diversified portfolio.
Average Mkt Cap Mil 170.4 K |
Health Care Valuation on August 28, 2024
It is possible to determine the worth of Health Care on a given historical date. On August 28, 2024 Health was worth 154.23 at the beginning of the trading date compared to the closed value of 154.51. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Health Care etf. Still, in general, we apply an absolute valuation method to find Health Care'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 Health Care where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Health Care's related companies.
| Open | High | Low | Close | Volume | |
| 154.24 | 154.76 | 153.79 | 154.33 | 3,785,444 | |
08/28/2024 | 154.23 | 155.15 | 153.79 | 154.51 | 5,150,093 |
| 155.13 | 155.54 | 154.18 | 154.84 | 4,339,350 |
| Backtest Health Care | | | Health Care History | | | Health Care Valuation | Previous | Next |
Health Care Trading Date Momentum on August 28, 2024
| On August 29 2024 Health Care Select was traded for 154.84 at the closing time. Highest Health Care's price during the trading hours was 155.54 and the lowest price during the day was 154.18 . The net volume was 4.3 M. The overall trading history on the 29th of August contributed to the next trading period price increase. The trading price change to the next next day price was 0.21% . The trading delta at closing time to current price is 0.93% . |
Health Care Select Fundamentals Correlations and Trends
By evaluating Health Care'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 Health Care's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Health financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Health Care Etf history
Health Care 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 Health is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Health Care Select 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 Health Care stock prices may prove useful in developing a viable investing in Health Care
Health Care Etf Technical Analysis
Health Care 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
Health Care Period Price Range
Low | December 27, 2024
| High |
0.00 | 0.00 |
Health Care Select 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.
Health Care December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Health Care etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Health Care shares will generate the highest return on investment. By undertsting and applying Health Care etf market strength indicators, traders can identify Health Care Select entry and exit signals to maximize returns
Health Care Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Health Care's price direction in advance. Along with the technical and fundamental analysis of Health Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Health 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 | (0.15) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.95) |
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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Health Care Select. 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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
The market value of Health Care Select is measured differently than its book value, which is the value of Health that is recorded on the company's balance sheet. Investors also form their own opinion of Health Care's value that differs from its market value or its book value, called intrinsic value, which is Health Care'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 Health Care's market value can be influenced by many factors that don't directly affect Health Care'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 Health Care's value and its price as these two are different measures arrived at by different means. Investors typically determine if Health Care is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Health Care'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.