Alexis Practical Tactical Etf Price on December 16, 2024
| LEXI Etf | USD 31.42 0.00 0.00% |
If you're considering investing in Alexis Etf, it is important to understand the factors that can impact its price. As of today, the current price of Alexis Practical stands at 31.42, as last reported on the 27th of December, with the highest price reaching 31.43 and the lowest price hitting 31.33 during the day. Alexis Practical is very steady at the moment. Alexis Practical Tactical secures Sharpe Ratio (or Efficiency) of 0.065, which signifies that the etf had a 0.065% return per unit of standard deviation over the last 3 months. We have found twenty-six technical indicators for Alexis Practical Tactical, which you can use to evaluate the volatility of the entity. Please confirm Alexis Practical's mean deviation of 0.4525, and Risk Adjusted Performance of 0.0553 to double-check if the risk estimate we provide is consistent with the expected return of 0.0415%.
Alexis Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Alexis |
Sharpe Ratio = 0.065
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Estimated Market Risk
| 0.64 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Alexis Practical 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 Alexis Practical by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 148.1 K |
Alexis Practical Valuation on December 16, 2024
It is possible to determine the worth of Alexis Practical on a given historical date. On December 16, 2024 Alexis was worth 31.7 at the beginning of the trading date compared to the closed value of 31.82. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alexis Practical etf. Still, in general, we apply an absolute valuation method to find Alexis Practical'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 Alexis Practical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alexis Practical's related companies.
| Open | High | Low | Close | Volume | |
| 31.59 | 31.59 | 31.56 | 31.59 | 10,900 | |
12/16/2024 | 31.70 | 31.90 | 31.69 | 31.82 | 14,600 |
| 31.53 | 31.57 | 31.52 | 31.57 | 15,400 |
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Alexis Practical Trading Date Momentum on December 16, 2024
| On December 17 2024 Alexis Practical Tactical was traded for 31.57 at the closing time. The top price for the day was 31.57 and the lowest listed price was 31.52 . The trading volume for the day was 15.4 K. The trading history from December 17, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.79% . The overall trading delta against the current closing price is 1.54% . |
Alexis Practical Tactical Fundamentals Correlations and Trends
By evaluating Alexis Practical'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 Alexis Practical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Alexis financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Alexis Practical Etf history
Alexis Practical 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 Alexis is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Alexis Practical Tactical 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 Alexis Practical stock prices may prove useful in developing a viable investing in Alexis Practical
In seeking to achieve its investment objective, the fund has the flexibility to allocate its assets in markets around the world and among various asset classes , and real estate and strategies, including alternative strategies . Alexis Practical is traded on NYSEARCA Exchange in the United States.
Alexis Practical Etf Technical Analysis
Alexis Practical 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
Alexis Practical Period Price Range
Low | December 27, 2024
| High |
0.00 | 0.00 |
Alexis Practical Tactical 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.
Alexis Practical December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Alexis Practical etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alexis Practical shares will generate the highest return on investment. By undertsting and applying Alexis Practical etf market strength indicators, traders can identify Alexis Practical Tactical entry and exit signals to maximize returns
Alexis Practical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Alexis Practical's price direction in advance. Along with the technical and fundamental analysis of Alexis Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Alexis 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 | 0.0553 | |||
| Jensen Alpha | 0.0351 | |||
| Total Risk Alpha | 0.0016 | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 3.21 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Alexis Practical Tactical. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of Alexis Practical Tactical is measured differently than its book value, which is the value of Alexis that is recorded on the company's balance sheet. Investors also form their own opinion of Alexis Practical's value that differs from its market value or its book value, called intrinsic value, which is Alexis Practical'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 Alexis Practical's market value can be influenced by many factors that don't directly affect Alexis Practical'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 Alexis Practical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alexis Practical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alexis Practical'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.