Spear Alpha Etf Price on September 26, 2024
| SPRX Etf | USD 26.64 0.73 2.67% |
If you're considering investing in Spear Etf, it is important to understand the factors that can impact its price. As of today, the current price of Spear Alpha stands at 26.64, as last reported on the 11th of December 2024, with the highest price reaching 27.44 and the lowest price hitting 26.45 during the day. Spear Alpha appears to be very steady, given 3 months investment horizon. Spear Alpha ETF owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.21, which indicates the etf had a 0.21% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Spear Alpha ETF, which you can use to evaluate the volatility of the etf. Please review Spear Alpha's Semi Deviation of 1.2, risk adjusted performance of 0.1794, and Coefficient Of Variation of 416.23 to confirm if our risk estimates are consistent with your expectations.
Spear Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Spear |
Sharpe Ratio = 0.206
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Estimated Market Risk
| 1.75 actual daily | 15 85% of assets are more volatile |
Expected Return
| 0.36 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average Spear Alpha is performing at about 16% 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 Spear Alpha by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 75.2 K |
Spear Alpha Valuation on September 26, 2024
It is possible to determine the worth of Spear Alpha on a given historical date. On September 26, 2024 Spear was worth 23.35 at the beginning of the trading date compared to the closed value of 22.95. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Spear Alpha etf. Still, in general, we apply an absolute valuation method to find Spear Alpha'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 Spear Alpha where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Spear Alpha's related companies.
| Open | High | Low | Close | Volume | |
| 22.78 | 22.98 | 22.78 | 22.80 | 18,394 | |
09/26/2024 | 23.35 | 23.37 | 22.76 | 22.95 | 21,542 |
| 22.87 | 22.87 | 22.62 | 22.72 | 15,000 |
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Spear Alpha Trading Date Momentum on September 26, 2024
| On September 27 2024 Spear Alpha ETF was traded for 22.72 at the closing time. The top price for the day was 22.87 and the lowest listed price was 22.62 . The trading volume for the day was 15 K. The trading history from September 27, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 1.00% . The trading price change against the current closing price is 1.44% . |
Spear Alpha ETF Fundamentals Correlations and Trends
By evaluating Spear Alpha'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 Spear Alpha's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Spear financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Spear Alpha Etf history
Spear Alpha 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 Spear is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Spear Alpha ETF 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 Spear Alpha stock prices may prove useful in developing a viable investing in Spear Alpha
The fund is an actively-managed exchange-traded fund that will invest primarily in equity securities, including common stock or American depositary receipts of companies that Spear Advisors LLC believes are poised to benefit from breakthrough innovation in industrial technology. Spear Alpha is traded on NASDAQ Exchange in the United States.
Spear Alpha Etf Technical Analysis
Spear Alpha 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
Spear Alpha Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Spear Alpha ETF 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.
Spear Alpha December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Spear Alpha etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Spear Alpha shares will generate the highest return on investment. By undertsting and applying Spear Alpha etf market strength indicators, traders can identify Spear Alpha ETF entry and exit signals to maximize returns
Spear Alpha Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Spear Alpha's price direction in advance. Along with the technical and fundamental analysis of Spear Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Spear 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 | 0.1794 | |||
| Jensen Alpha | 0.2427 | |||
| Total Risk Alpha | 0.1328 | |||
| Sortino Ratio | 0.1887 | |||
| Treynor Ratio | 0.2812 |
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| Math Transform | ||
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| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spear Alpha ETF. 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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
The market value of Spear Alpha ETF is measured differently than its book value, which is the value of Spear that is recorded on the company's balance sheet. Investors also form their own opinion of Spear Alpha's value that differs from its market value or its book value, called intrinsic value, which is Spear Alpha'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 Spear Alpha's market value can be influenced by many factors that don't directly affect Spear Alpha'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 Spear Alpha's value and its price as these two are different measures arrived at by different means. Investors typically determine if Spear Alpha is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spear Alpha'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.