Spinnaker Etf Series Etf Price on March 28, 2024
| TWIO Etf | USD 8.80 0.01 0.11% |
If you're considering investing in Spinnaker Etf, it is important to understand the factors that can impact its price. As of today, the current price of Spinnaker ETF stands at 8.80, as last reported on the 3rd of May, with the highest price reaching 8.87 and the lowest price hitting 8.80 during the day. We consider Spinnaker ETF very steady. Spinnaker ETF Series owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0446, which indicates the etf had a 0.0446% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Spinnaker ETF Series, which you can use to evaluate the volatility of the etf. Please validate Spinnaker ETF's Risk Adjusted Performance of 6.0E-4, variance of 0.5457, and Coefficient Of Variation of (97,738) to confirm if the risk estimate we provide is consistent with the expected return of 0.0211%.
Spinnaker Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Spinnaker |
Sharpe Ratio = 0.0446
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| Negative Returns | TWIO |
Estimated Market Risk
| 0.47 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.02 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 Spinnaker ETF 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 Spinnaker ETF by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 30.7 K |
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Spinnaker ETF Valuation on March 28, 2024
It is possible to determine the worth of Spinnaker ETF on a given historical date. On March 28, 2024 Spinnaker was worth 8.93 at the beginning of the trading date compared to the closed value of 8.97. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Spinnaker ETF etf. Still, in general, we apply an absolute valuation method to find Spinnaker ETF'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 Spinnaker ETF where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Spinnaker ETF's related companies.
| Open | High | Low | Close | Volume | |
| 9.06 | 9.07 | 8.96 | 8.96 | 2,300 | |
03/28/2024 | 8.93 | 8.98 | 8.93 | 8.97 | 17,800 |
| 8.99 | 9.02 | 8.93 | 8.94 | 12,200 |
| Backtest Spinnaker ETF | | | Spinnaker ETF History | | | Spinnaker ETF Valuation | Previous | Next |
Spinnaker ETF Trading Date Momentum on March 28, 2024
| On April 01 2024 Spinnaker ETF Series was traded for 8.94 at the closing time. The top price for the day was 9.02 and the lowest listed price was 8.93 . The trading volume for the day was 12.2 K. The trading history from April 1, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 0.33% . The trading price change against the current closing price is 0.22% . |
Spinnaker ETF Series Fundamentals Correlations and Trends
By evaluating Spinnaker ETF'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 Spinnaker ETF's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Spinnaker financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Spinnaker ETF Etf history
Spinnaker ETF 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 Spinnaker is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Spinnaker ETF Series 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 Spinnaker ETF stock prices may prove useful in developing a viable investing in Spinnaker ETF
The fund seeks to achieve its investment objective by investing in a combination of domestic preferred securities, income producing fixed income securities, and income producing common stocks. Spinnaker Trajan is traded on NYSEARCA Exchange in the United States.
Spinnaker ETF Etf Technical Analysis
Spinnaker ETF 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
Spinnaker ETF Period Price Range
Low | March 28, 2024
| High |
8.93 | 8.97 |
Spinnaker ETF May 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Spinnaker ETF etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Spinnaker ETF shares will generate the highest return on investment. By undertsting and applying Spinnaker ETF etf market strength indicators, traders can identify Spinnaker ETF Series entry and exit signals to maximize returns
Spinnaker ETF Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Spinnaker ETF's price direction in advance. Along with the technical and fundamental analysis of Spinnaker Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Spinnaker 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 | 6.0E-4 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.09) |
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| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spinnaker ETF Series. 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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
The market value of Spinnaker ETF Series is measured differently than its book value, which is the value of Spinnaker that is recorded on the company's balance sheet. Investors also form their own opinion of Spinnaker ETF's value that differs from its market value or its book value, called intrinsic value, which is Spinnaker ETF'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 Spinnaker ETF's market value can be influenced by many factors that don't directly affect Spinnaker ETF'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 Spinnaker ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Spinnaker ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spinnaker ETF'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.