Etfmg Travel Tech Etf Price on March 18, 2018
| AWAY Etf | USD 19.84 0.11 0.55% |
Below is the normalized historical share price chart for ETFMG Travel Tech extending back to February 13, 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 ETFMG Travel stands at 19.84, as last reported on the 24th of April, with the highest price reaching 19.90 and the lowest price hitting 19.67 during the day.
If you're considering investing in ETFMG Etf, it is important to understand the factors that can impact its price. We consider ETFMG Travel very steady. ETFMG Travel Tech secures Sharpe Ratio (or Efficiency) of 0.0597, which denotes the etf had a 0.0597% return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for ETFMG Travel Tech, which you can use to evaluate the volatility of the entity. Please confirm ETFMG Travel's downside deviation of 1.09, and Mean Deviation of 0.9585 to check if the risk estimate we provide is consistent with the expected return of 0.0736%.
ETFMG Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 30.74 | 200 Day MA 18.2551 | 1 y Volatility 31.31 | 50 Day MA 19.7729 | Inception Date 2020-02-12 |
ETFMG |
Sharpe Ratio = 0.0597
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Estimated Market Risk
| 1.23 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average ETFMG Travel is performing at about 4% 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 ETFMG Travel by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 3.6 K |
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
About ETFMG Travel Etf history
ETFMG Travel 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 ETFMG is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ETFMG Travel Tech 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 ETFMG Travel stock prices may prove useful in developing a viable investing in ETFMG Travel
The fund invests at least 80 percent of its total assets, exclusive of collateral held from securities lending, in the component securities of the index and in ADRs and GDRs based on the component securities in the index. Etfmg Travel is traded on NYSEARCA Exchange in the United States.
ETFMG Travel Etf Technical Analysis
ETFMG Travel 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
ETFMG Travel Period Price Range
ETFMG Travel April 24, 2024 Market Strength
Market strength indicators help investors to evaluate how ETFMG Travel etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ETFMG Travel shares will generate the highest return on investment. By undertsting and applying ETFMG Travel etf market strength indicators, traders can identify ETFMG Travel Tech entry and exit signals to maximize returns
| Accumulation Distribution | 221.07 | |||
| Daily Balance Of Power | (0.48) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 19.79 | |||
| Day Typical Price | 19.8 | |||
| Period Momentum Indicator | (0.11) | |||
| Relative Strength Index | 89.42 |
ETFMG Travel Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ETFMG Travel's price direction in advance. Along with the technical and fundamental analysis of ETFMG Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of ETFMG 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 | 0.0551 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0025 | |||
| Treynor Ratio | 0.0642 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ETFMG Travel Tech. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the ETFMG Travel Tech information on this page should be used as a complementary analysis to other ETFMG Travel's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
The market value of ETFMG Travel Tech is measured differently than its book value, which is the value of ETFMG that is recorded on the company's balance sheet. Investors also form their own opinion of ETFMG Travel's value that differs from its market value or its book value, called intrinsic value, which is ETFMG Travel'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 ETFMG Travel's market value can be influenced by many factors that don't directly affect ETFMG Travel'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 ETFMG Travel's value and its price as these two are different measures arrived at by different means. Investors typically determine if ETFMG Travel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETFMG Travel'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.