Sonora Resources Corp Etf Price on December 29, 2022
| SURE Etf | USD 122.98 0.81 0.66% |
Below is the normalized historical share price chart for Sonora Resources Corp extending back to October 05, 2011. 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 Sonora Resources stands at 122.98, as last reported on the 11th of December 2024, with the highest price reaching 123.33 and the lowest price hitting 121.91 during the day.
If you're considering investing in Sonora Etf, it is important to understand the factors that can impact its price. At this point, Sonora Resources is very steady. Sonora Resources Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the etf had a 0.17% return per unit of risk over the last 3 months. We have found thirty technical indicators for Sonora Resources Corp, which you can use to evaluate the volatility of the etf. Please validate Sonora Resources' Semi Deviation of 0.3616, risk adjusted performance of 0.1212, and Coefficient Of Variation of 598.92 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%.
Sonora Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 19.33 | 200 Day MA 115.3699 | 1 y Volatility 13.31 | 50 Day MA 121.4346 | Inception Date 2011-10-04 |
Sonora |
Sharpe Ratio = 0.168
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Estimated Market Risk
| 0.77 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Sonora Resources is performing at about 13% 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 Sonora Resources by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 24 K |
Sonora Resources Valuation on December 29, 2022
It is possible to determine the worth of Sonora Resources on a given historical date. On December 29, 2022 Sonora was worth 85.06 at the beginning of the trading date compared to the closed value of 84.96. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sonora Resources etf. Still, in general, we apply an absolute valuation method to find Sonora Resources' 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 Sonora Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sonora Resources' related companies.
| Open | High | Low | Close | Volume | |
| 84.11 | 84.11 | 83.71 | 83.71 | 367.00 | |
12/29/2022 | 85.06 | 85.06 | 84.59 | 84.96 | 2,696 |
| 85.22 | 85.22 | 84.72 | 84.72 | 611.00 |
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Sonora Resources Trading Date Momentum on December 29, 2022
| On December 30 2022 Sonora Resources Corp was traded for 84.72 at the closing time. The top price for the day was 85.22 and the lowest listed price was 84.72 . The trading volume for the day was 611. The trading history from December 30, 2022 was a factor to the next trading day price decrease. The trading price change against the next closing price was 0.28% . The trading price change against the current closing price is 3.28% . |
Sonora Resources Corp Fundamentals Correlations and Trends
By evaluating Sonora Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Sonora Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Sonora financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Sonora Resources Etf history
Sonora Resources 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 Sonora is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sonora Resources Corp 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 Sonora Resources stock prices may prove useful in developing a viable investing in Sonora Resources
The fund is an actively-managed exchange-traded fund that seeks to achieve its investment objective by primarily investing in a portfolio of U.S. traded companies selected from a universe of the largest 3,000 U.S. equity securities based on market capitalization. Advisorshares Doubleline is traded on NYSEARCA Exchange in the United States.
Sonora Resources Etf Technical Analysis
Sonora Resources 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
Sonora Resources Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Sonora Resources Corp 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.
Sonora Resources December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Sonora Resources etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sonora Resources shares will generate the highest return on investment. By undertsting and applying Sonora Resources etf market strength indicators, traders can identify Sonora Resources Corp entry and exit signals to maximize returns
Sonora Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Sonora Resources' price direction in advance. Along with the technical and fundamental analysis of Sonora Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Sonora 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 | 0.1212 | |||
| Jensen Alpha | 0.0115 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0061 | |||
| Treynor Ratio | 0.1268 |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sonora Resources Corp. 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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
The market value of Sonora Resources Corp is measured differently than its book value, which is the value of Sonora that is recorded on the company's balance sheet. Investors also form their own opinion of Sonora Resources' value that differs from its market value or its book value, called intrinsic value, which is Sonora Resources' 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 Sonora Resources' market value can be influenced by many factors that don't directly affect Sonora Resources' 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 Sonora Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sonora Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sonora Resources' 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.