Wahed Ftse Usa Etf Price on January 23, 2024
| HLAL Etf | USD 47.30 0.16 0.34% |
Below is the normalized historical share price chart for Wahed FTSE USA extending back to July 16, 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 Wahed FTSE stands at 47.30, as last reported on the 30th of April, with the highest price reaching 47.35 and the lowest price hitting 47.11 during the day.
If you're considering investing in Wahed Etf, it is important to understand the factors that can impact its price. We consider Wahed FTSE very steady. Wahed FTSE USA shows Sharpe Ratio of 0.0748, which attests that the etf had a 0.0748% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Wahed FTSE USA, which you can use to evaluate the volatility of the etf. Please check out Wahed FTSE's Mean Deviation of 0.6522, market risk adjusted performance of 0.031, and Downside Deviation of 0.8366 to validate if the risk estimate we provide is consistent with the expected return of 0.0572%.
Wahed Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 17.57 | 200 Day MA 44.5714 | 1 y Volatility 13.18 | 50 Day MA 47.5686 | Inception Date 2019-07-15 |
Wahed |
Sharpe Ratio = 0.0748
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Estimated Market Risk
| 0.76 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Wahed FTSE is performing at about 5% 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 Wahed FTSE by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 406.1 K |
Wahed FTSE Valuation on January 23, 2024
It is possible to determine the worth of Wahed FTSE on a given historical date. On January 23, 2024 Wahed was worth 46.24 at the beginning of the trading date compared to the closed value of 46.3. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Wahed FTSE etf. Still, in general, we apply an absolute valuation method to find Wahed FTSE'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 Wahed FTSE where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Wahed FTSE's related companies.
| Open | High | Low | Close | Volume | |
| 46.25 | 46.36 | 46.10 | 46.13 | 79,600 | |
01/23/2024 | 46.24 | 46.33 | 46.09 | 46.30 | 68,700 |
| 46.53 | 46.66 | 46.32 | 46.32 | 45,700 |
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Wahed FTSE Trading Date Momentum on January 23, 2024
| On January 24 2024 Wahed FTSE USA was traded for 46.32 at the closing time. The top price for the day was 46.66 and the lowest listed price was 46.32 . The trading volume for the day was 45.7 K. The trading history from January 24, 2024 was a factor to the next trading day price upswing. The trading delta at closing time against the next closing price was 0.04% . The trading price change against the current closing price is 0.28% . |
Wahed FTSE USA Fundamentals Correlations and Trends
By evaluating Wahed FTSE'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 Wahed FTSE's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Wahed financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Wahed FTSE Etf history
Wahed FTSE 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 Wahed is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Wahed FTSE USA 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 Wahed FTSE stock prices may prove useful in developing a viable investing in Wahed FTSE
The index is composed of common stocks of large- and mid-capitalization U.S. companies the characteristics of which meet the requirements of Shariah and are consistent with Islamic principles as interpreted by subject-matter experts. Wahed FTSE is traded on NASDAQ Exchange in the United States.
Wahed FTSE Etf Technical Analysis
Wahed FTSE 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
Wahed FTSE Period Price Range
Low | January 23, 2024
| High |
46.24 | 46.30 |
Wahed FTSE April 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Wahed FTSE etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Wahed FTSE shares will generate the highest return on investment. By undertsting and applying Wahed FTSE etf market strength indicators, traders can identify Wahed FTSE USA entry and exit signals to maximize returns
Wahed FTSE Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Wahed FTSE's price direction in advance. Along with the technical and fundamental analysis of Wahed Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Wahed 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 | 0.0254 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.021 |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Wahed FTSE USA. 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 Wahed FTSE USA information on this page should be used as a complementary analysis to other Wahed FTSE'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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
The market value of Wahed FTSE USA is measured differently than its book value, which is the value of Wahed that is recorded on the company's balance sheet. Investors also form their own opinion of Wahed FTSE's value that differs from its market value or its book value, called intrinsic value, which is Wahed FTSE'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 Wahed FTSE's market value can be influenced by many factors that don't directly affect Wahed FTSE'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 Wahed FTSE's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wahed FTSE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wahed FTSE'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.