A3 Alternative Credit Etf Price on June 28, 2021
AAACX Etf | USD 6.21 0.06 0.96% |
Below is the normalized historical share price chart for A3 Alternative Credit extending back to October 01, 2019. 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 A3 Alternative stands at 6.21, as last reported on the 29th of March, with the highest price reaching 6.21 and the lowest price hitting 6.21 during the day.
If you're considering investing in AAACX Etf, it is important to understand the factors that can impact its price. We consider A3 Alternative very steady. A3 Alternative Credit retains Efficiency (Sharpe Ratio) of 0.018, which signifies that the etf had a 0.018% return per unit of price deviation over the last 3 months. We have found twenty-one technical indicators for A3 Alternative, which you can use to evaluate the volatility of the entity. Please confirm A3 Alternative's Information Ratio of (0.90), market risk adjusted performance of 1.7, and Variance of 0.0216 to double-check if the risk estimate we provide is consistent with the expected return of 0.0028%.
AAACX Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
AAACX |
Sharpe Ratio = 0.018
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Estimated Market Risk
0.15 actual daily | 1 99% of assets are more volatile |
Expected Return
0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average A3 Alternative is performing at about 1% 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 A3 Alternative by adding it to a well-diversified portfolio.
A3 Alternative Valuation on June 28, 2021
It is possible to determine the worth of A3 Alternative on a given historical date. On June 28, 2021 AAACX was worth 7.36 at the beginning of the trading date compared to the closed value of 6.42. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of A3 Alternative etf. Still, in general, we apply an absolute valuation method to find A3 Alternative'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 A3 Alternative where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against A3 Alternative's related companies.
Open | High | Low | Close | Volume | |
03/15/2022 | 7.36 | 7.36 | 6.42 | 6.42 | 1.00 |
7.38 | 7.38 | 6.44 | 6.44 | 1.00 |
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A3 Alternative Trading Date Momentum on June 28, 2021
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.About A3 Alternative Etf history
A3 Alternative 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 AAACX is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in A3 Alternative Credit 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 A3 Alternative stock prices may prove useful in developing a viable investing in A3 Alternative
A3 Alternative Etf Technical Analysis
A3 Alternative 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
A3 Alternative Period Price Range
Low | March 15, 2022
| High |
7.36 | 6.42 |
A3 Alternative March 29, 2024 Market Strength
Market strength indicators help investors to evaluate how A3 Alternative etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading A3 Alternative shares will generate the highest return on investment. By undertsting and applying A3 Alternative etf market strength indicators, traders can identify A3 Alternative Credit entry and exit signals to maximize returns
A3 Alternative Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for A3 Alternative's price direction in advance. Along with the technical and fundamental analysis of AAACX Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of AAACX 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 | (0.02) | |||
Jensen Alpha | (0.01) | |||
Total Risk Alpha | (0.04) | |||
Treynor Ratio | 1.69 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in A3 Alternative Credit. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the A3 Alternative Credit information on this page should be used as a complementary analysis to other A3 Alternative'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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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When running A3 Alternative's price analysis, check to measure A3 Alternative's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy A3 Alternative is operating at the current time. Most of A3 Alternative's value examination focuses on studying past and present price action to predict the probability of A3 Alternative's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move A3 Alternative's price. Additionally, you may evaluate how the addition of A3 Alternative to your portfolios can decrease your overall portfolio volatility.
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The market value of A3 Alternative Credit is measured differently than its book value, which is the value of AAACX that is recorded on the company's balance sheet. Investors also form their own opinion of A3 Alternative's value that differs from its market value or its book value, called intrinsic value, which is A3 Alternative'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 A3 Alternative's market value can be influenced by many factors that don't directly affect A3 Alternative'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 A3 Alternative's value and its price as these two are different measures arrived at by different means. Investors typically determine if A3 Alternative is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, A3 Alternative'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.