Bfit Etf Price on January 9, 2024
| BFIT Etf | USD 21.39 0.00 0.00% |
If you're considering investing in BFIT Etf, it is important to understand the factors that can impact its price. As of today, the current price of BFIT stands at 21.39, as last reported on the 1st of May, with the highest price reaching 21.39 and the lowest price hitting 21.39 during the day. We consider BFIT very steady. BFIT secures Sharpe Ratio (or Efficiency) of 0.0391, which signifies that the etf had a 0.0391% return per unit of return volatility over the last 3 months. We have found nineteen technical indicators for BFIT, which you can use to evaluate the volatility of the entity. Please confirm BFIT's Mean Deviation of 0.5804, risk adjusted performance of (0.01), and Coefficient Of Variation of (4,318) to double-check if the risk estimate we provide is consistent with the expected return of 0.0096%.
BFIT Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
BFIT |
Sharpe Ratio = 0.0391
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | BFIT |
Estimated Market Risk
| 0.25 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average BFIT is performing at about 3% 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 BFIT by adding it to a well-diversified portfolio.
BFIT Valuation on January 9, 2024
It is possible to determine the worth of BFIT on a given historical date. On January 9, 2024 BFIT was worth 21.96 at the beginning of the trading date compared to the closed value of 21.85. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of BFIT etf. Still, in general, we apply an absolute valuation method to find BFIT'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 BFIT where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against BFIT's related companies.
| Open | High | Low | Close | Volume | |
| 21.83 | 22.05 | 21.79 | 22.05 | 800.00 | |
01/09/2024 | 21.96 | 21.96 | 21.85 | 21.85 | 330.00 |
| 21.94 | 22.09 | 21.94 | 22.09 | 338.00 |
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BFIT Trading Date Momentum on January 9, 2024
| On January 10 2024 BFIT was traded for 22.09 at the closing time. The top price for the day was 22.09 and the lowest listed price was 21.94 . The trading volume for the day was 338. The trading history from January 10, 2024 was a factor to the next trading day price appreciation. The overall trading delta against the next closing price was 1.10% . The overall trading delta against the current closing price is 2.61% . |
BFIT Fundamentals Correlations and Trends
By evaluating BFIT'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 BFIT's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. BFIT financial account trend analysis is a perfect complement when working with valuation or volatility modules.About BFIT Etf history
BFIT 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 BFIT is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in BFIT 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 BFIT stock prices may prove useful in developing a viable investing in BFIT
The fund invests more than 80 percent of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. Gx Health is traded on NASDAQ Exchange in the United States.
BFIT Etf Technical Analysis
BFIT 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
BFIT Period Price Range
Low | January 9, 2024
| High |
21.96 | 21.85 |
BFIT May 1, 2024 Market Strength
Market strength indicators help investors to evaluate how BFIT etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BFIT shares will generate the highest return on investment. By undertsting and applying BFIT etf market strength indicators, traders can identify BFIT entry and exit signals to maximize returns
BFIT Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for BFIT's price direction in advance. Along with the technical and fundamental analysis of BFIT Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of BFIT 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 | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | 0.5827 |
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| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
The market value of BFIT is measured differently than its book value, which is the value of BFIT that is recorded on the company's balance sheet. Investors also form their own opinion of BFIT's value that differs from its market value or its book value, called intrinsic value, which is BFIT'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 BFIT's market value can be influenced by many factors that don't directly affect BFIT'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 BFIT's value and its price as these two are different measures arrived at by different means. Investors typically determine if BFIT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BFIT'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.