Arca Biotechnology Index Price on October 28, 2024
| BTK Index | 5,688 30.71 0.54% |
Below is the normalized historical share price chart for ARCA Biotechnology extending back to March 24, 1992. 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 ARCA Biotechnology stands at 5,688, as last reported on the 20th of December, with the highest price reaching 5,720 and the lowest price hitting 5,636 during the day.
If you're considering investing in ARCA Index, it is important to understand the factors that can impact its price. ARCA Biotechnology retains Efficiency (Sharpe Ratio) of -0.0289, which signifies that the index had a -0.0289% return per unit of risk over the last 3 months. ARCA Biotechnology exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. ARCA Index price history is provided at the adjusted basis, taking into account all of the recent filings.
Sharpe Ratio = -0.0289
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | BTK |
Estimated Market Risk
| 1.22 actual daily | 10 90% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ARCA Biotechnology is not performing at its full potential. However, 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 ARCA Biotechnology by adding ARCA Biotechnology to a well-diversified portfolio.
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ARCA Biotechnology Valuation on October 28, 2024
It is possible to determine the worth of ARCA Biotechnology on a given historical date. On October 28, 2024 ARCA was worth 5761.86 at the beginning of the trading date compared to the closed value of 5822.57. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ARCA Biotechnology index. Still, in general, we apply an absolute valuation method to find ARCA Biotechnology'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 ARCA Biotechnology where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ARCA Biotechnology's related companies.
| Open | High | Low | Close | Volume | |
| 5,782 | 5,816 | 5,760 | 5,762 | 1.00 | |
10/28/2024 | 5,762 | 5,838 | 5,762 | 5,823 | 1.00 |
| 5,823 | 5,855 | 5,811 | 5,845 | 1.00 |
| Backtest ARCA Biotechnology | | | ARCA Biotechnology History | Previous | Next |
ARCA Biotechnology Trading Date Momentum on October 28, 2024
| On October 29 2024 ARCA Biotechnology was traded for 5,845 at the closing time. The highest price during the trading period was 5,855 and the lowest recorded bid was listed for 5,811 . There was no trading activity during the period 1.0. Lack of trading volume on October 29, 2024 contributed to the next trading day price growth. The overall trading delta to the next closing price was 0.39% . The overall trading delta to the current price is 4.32% . |
Price Boundaries
ARCA Biotechnology Period Price Range
Low | December 20, 2024
| High |
0.00 | 0.00 |
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ARCA Biotechnology December 20, 2024 Market Strength
Market strength indicators help investors to evaluate how ARCA Biotechnology index reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ARCA Biotechnology shares will generate the highest return on investment. By undertsting and applying ARCA Biotechnology index market strength indicators, traders can identify ARCA Biotechnology entry and exit signals to maximize returns
ARCA Biotechnology Technical Drivers
ARCA Biotechnology December 20, 2024 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ARCA Biotechnology's price direction in advance. Along with the technical and fundamental analysis of ARCA Index historical price patterns, it is also worthwhile for investors to track various predictive indicators of ARCA 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 | (0.03) | |||
| Mean Deviation | 0.8752 | |||
| Coefficient Of Variation | (2,583) | |||
| Standard Deviation | 1.21 | |||
| Variance | 1.47 | |||
| Information Ratio | (0.07) | |||
| Total Risk Alpha | (0.09) | |||
| Maximum Drawdown | 6.9 | |||
| Value At Risk | (1.46) | |||
| Potential Upside | 1.59 | |||
| Skewness | (1.22) | |||
| Kurtosis | 3.08 |
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