Microsectorstm Oil Gas Etf Price on May 8, 2024
| OILD Etf | USD 16.96 0.78 4.40% |
If you're considering investing in MicroSectorsTM Etf, it is important to understand the factors that can impact its price. As of today, the current price of MicroSectorsTM Oil stands at 16.96, as last reported on the 21st of September, with the highest price reaching 17.16 and the lowest price hitting 16.38 during the day. MicroSectorsTM Oil appears to be not too volatile, given 3 months investment horizon. MicroSectorsTM Oil Gas has Sharpe Ratio of 0.0728, which conveys that the entity had a 0.0728% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for MicroSectorsTM Oil, which you can use to evaluate the volatility of the etf. Please exercise MicroSectorsTM Oil's Downside Deviation of 3.04, mean deviation of 2.81, and Risk Adjusted Performance of 0.0204 to check out if our risk estimates are consistent with your expectations.
MicroSectorsTM Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
MicroSectorsTM |
Sharpe Ratio = 0.0728
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | OILD | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.49 actual daily | 31 69% of assets are more volatile |
Expected Return
| 0.25 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average MicroSectorsTM Oil 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 MicroSectorsTM Oil by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 85 K |
MicroSectorsTM Oil Valuation on May 8, 2024
It is possible to determine the worth of MicroSectorsTM Oil on a given historical date. On May 8, 2024 MicroSectorsTM was worth 14.68 at the beginning of the trading date compared to the closed value of 14.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of MicroSectorsTM Oil etf. Still, in general, we apply an absolute valuation method to find MicroSectorsTM Oil'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 MicroSectorsTM Oil where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against MicroSectorsTM Oil's related companies.
| Open | High | Low | Close | Volume | |
| 14.39 | 14.43 | 14.20 | 14.41 | 45,100 | |
05/08/2024 | 14.68 | 14.75 | 14.34 | 14.50 | 21,400 |
| 14.39 | 14.51 | 14.07 | 14.09 | 60,900 |
| Backtest MicroSectorsTM Oil | | | MicroSectorsTM Oil History | | | MicroSectorsTM Oil Valuation | Previous | Next |
MicroSectorsTM Oil Trading Date Momentum on May 8, 2024
| On May 09 2024 MicroSectorsTM Oil Gas was traded for 14.09 at the closing time. The top price for the day was 14.51 and the lowest listed price was 14.07 . The trading volume for the day was 60.9 K. The trading history from May 9, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 2.83% . The trading delta at closing time against the current closing price is 4.48% . |
MicroSectorsTM Oil Gas Fundamentals Correlations and Trends
By evaluating MicroSectorsTM Oil'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 MicroSectorsTM Oil's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. MicroSectorsTM financial account trend analysis is a perfect complement when working with valuation or volatility modules.About MicroSectorsTM Oil Etf history
MicroSectorsTM Oil 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 MicroSectorsTM is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in MicroSectorsTM Oil Gas 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 MicroSectorsTM Oil stock prices may prove useful in developing a viable investing in MicroSectorsTM Oil
MicroSectorsTM Oil Etf Technical Analysis
MicroSectorsTM Oil 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
MicroSectorsTM Oil Period Price Range
Low | September 21, 2024
| High |
0.00 | 0.00 |
MicroSectorsTM Oil Gas 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.
MicroSectorsTM Oil September 21, 2024 Market Strength
Market strength indicators help investors to evaluate how MicroSectorsTM Oil etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MicroSectorsTM Oil shares will generate the highest return on investment. By undertsting and applying MicroSectorsTM Oil etf market strength indicators, traders can identify MicroSectorsTM Oil Gas entry and exit signals to maximize returns
MicroSectorsTM Oil Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for MicroSectorsTM Oil's price direction in advance. Along with the technical and fundamental analysis of MicroSectorsTM Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of MicroSectorsTM 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 | 0.0204 | |||
| Jensen Alpha | 0.1597 | |||
| Total Risk Alpha | (0.47) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.05) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Additional Information and Resources on Investing in MicroSectorsTM Etf
When determining whether MicroSectorsTM Oil Gas is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if MicroSectorsTM Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Microsectorstm Oil Gas Etf. Highlighted below are key reports to facilitate an investment decision about Microsectorstm Oil Gas Etf:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in MicroSectorsTM Oil Gas. 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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
The market value of MicroSectorsTM Oil Gas is measured differently than its book value, which is the value of MicroSectorsTM that is recorded on the company's balance sheet. Investors also form their own opinion of MicroSectorsTM Oil's value that differs from its market value or its book value, called intrinsic value, which is MicroSectorsTM Oil'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 MicroSectorsTM Oil's market value can be influenced by many factors that don't directly affect MicroSectorsTM Oil'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 MicroSectorsTM Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine if MicroSectorsTM Oil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MicroSectorsTM Oil'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.