Drw Etf Price on July 21, 2023
| DRW Etf | USD 17.52 0.05 0.29% |
If you're considering investing in DRW Etf, it is important to understand the factors that can impact its price. As of today, the current price of DRW stands at 17.52, as last reported on the 21st of December, with the highest price reaching 17.52 and the lowest price hitting 17.47 during the day. DRW appears to be very steady, given 3 months investment horizon. DRW secures Sharpe Ratio (or Efficiency) of 0.71, which denotes the etf had a 0.71% return per unit of volatility over the last 3 months. By evaluating DRW's technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please utilize DRW's Market Risk Adjusted Performance of (0.18), downside deviation of 0.9871, and Mean Deviation of 0.7732 to check if our risk estimates are consistent with your expectations.
DRW Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
DRW |
Sharpe Ratio = 0.7071
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Estimated Market Risk
| 1.09 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.77 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.71 actual daily | 55 55% of assets perform worse |
Based on monthly moving average DRW is performing at about 55% 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 DRW by adding it to a well-diversified portfolio.
DRW Valuation on July 21, 2023
It is possible to determine the worth of DRW on a given historical date. On July 21, 2023 DRW was worth 17.47 at the beginning of the trading date compared to the closed value of 17.52. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of DRW etf. Still, in general, we apply an absolute valuation method to find DRW'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 DRW where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against DRW's related companies.
| Open | High | Low | Close | Volume | |
| 17.50 | 17.50 | 17.31 | 17.41 | 2,907 | |
07/21/2023 | 17.47 | 17.52 | 17.47 | 17.52 | 3,385 |
| 17.47 | 17.52 | 17.47 | 17.52 | 0.00 |
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DRW Trading Date Momentum on July 21, 2023
| On December 21 2024 DRW was traded for 17.52 at the closing time. Highest DRW's price during the trading hours was 17.52 and the lowest price during the day was 17.47 . There was no trading activity during the period 0.0. Lack of trading volume on the 21st of December did not affect price variability. The overall trading delta to current price is 0.29% . |
DRW Fundamentals Correlations and Trends
By evaluating DRW'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 DRW's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. DRW financial account trend analysis is a perfect complement when working with valuation or volatility modules.About DRW Etf history
DRW 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 DRW is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in DRW 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 DRW stock prices may prove useful in developing a viable investing in DRW
DRW Etf Technical Analysis
DRW 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
DRW Period Price Range
Low | December 21, 2024
| High |
0.00 | 0.00 |
DRW cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
DRW December 21, 2024 Market Strength
Market strength indicators help investors to evaluate how DRW etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading DRW shares will generate the highest return on investment. By undertsting and applying DRW etf market strength indicators, traders can identify DRW entry and exit signals to maximize returns
DRW Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for DRW's price direction in advance. Along with the technical and fundamental analysis of DRW Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of DRW 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 | 0.0357 | |||
| Jensen Alpha | 0.035 | |||
| Total Risk Alpha | 0.0043 | |||
| Sortino Ratio | 0.0093 | |||
| Treynor Ratio | (0.19) |
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| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
The market value of DRW is measured differently than its book value, which is the value of DRW that is recorded on the company's balance sheet. Investors also form their own opinion of DRW's value that differs from its market value or its book value, called intrinsic value, which is DRW'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 DRW's market value can be influenced by many factors that don't directly affect DRW'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 DRW's value and its price as these two are different measures arrived at by different means. Investors typically determine if DRW is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DRW'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.