Roundhill China Dragons Etf Price on October 3, 2024
| DRAG Etf | USD 22.45 0.95 4.06% |
If you're considering investing in Roundhill Etf, it is important to understand the factors that can impact its price. As of today, the current price of Roundhill China stands at 22.45, as last reported on the 11th of December 2024, with the highest price reaching 22.73 and the lowest price hitting 22.38 during the day. Roundhill China Dragons maintains Sharpe Ratio (i.e., Efficiency) of -0.0685, which implies the entity had a -0.0685% return per unit of risk over the last 3 months. Roundhill China Dragons exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Roundhill China's Risk Adjusted Performance of (0.04), variance of 8.14, and Coefficient Of Variation of (1,460) to confirm the risk estimate we provide.
Roundhill Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Roundhill |
Sharpe Ratio = -0.0685
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| Negative Returns | DRAG |
Estimated Market Risk
| 2.85 actual daily | 25 75% of assets are more volatile |
Expected Return
| -0.2 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Roundhill China 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 Roundhill China by adding Roundhill China to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
Roundhill China Main Headline on 3rd of October 2024
Roundhill China Dragons ETF Debuts Amidst Chinas Bull Market... by gurufocus.com
The Roundhill China Dragons ETF has been introduced to the U.S. stock market just as Chinas stock market enters a bull phase, driven by a broad stimulus
Roundhill China Valuation on October 3, 2024
It is possible to determine the worth of Roundhill China on a given historical date. On October 3, 2024 Roundhill was worth 24.99 at the beginning of the trading date compared to the closed value of 25.14. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Roundhill China etf. Still, in general, we apply an absolute valuation method to find Roundhill China'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 Roundhill China where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Roundhill China's related companies.
| Open | High | Low | Close | Volume | |
10/03/2024 | 24.99 | 25.34 | 24.83 | 25.14 | 174,900 |
| 25.97 | 25.98 | 25.31 | 25.63 | 1,620,100 |
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Roundhill China Trading Date Momentum on October 3, 2024
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 Roundhill China Etf history
Roundhill China 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 Roundhill is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Roundhill China Dragons 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 Roundhill China stock prices may prove useful in developing a viable investing in Roundhill China
Roundhill China Etf Technical Analysis
Roundhill China 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
Roundhill China Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Roundhill China Dragons cannot be verified against its exchange. Please verify the symbol is currently traded on BATS 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.
Roundhill China December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Roundhill China etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Roundhill China shares will generate the highest return on investment. By undertsting and applying Roundhill China etf market strength indicators, traders can identify Roundhill China Dragons entry and exit signals to maximize returns
Roundhill China Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Roundhill China's price direction in advance. Along with the technical and fundamental analysis of Roundhill Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Roundhill 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 | (0.04) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | 0.3624 |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Roundhill China Dragons. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
The market value of Roundhill China Dragons is measured differently than its book value, which is the value of Roundhill that is recorded on the company's balance sheet. Investors also form their own opinion of Roundhill China's value that differs from its market value or its book value, called intrinsic value, which is Roundhill China'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 Roundhill China's market value can be influenced by many factors that don't directly affect Roundhill China'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 Roundhill China's value and its price as these two are different measures arrived at by different means. Investors typically determine if Roundhill China is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Roundhill China'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.