Technology Select Sector Etf Price on March 23, 2020
| XLK Etf | USD 192.53 4.05 2.06% |
Below is the normalized historical share price chart for Technology Select Sector extending back to December 22, 1998. 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 Technology Select stands at 192.53, as last reported on the 19th of April, with the highest price reaching 196.46 and the lowest price hitting 192.05 during the day.
If you're considering investing in Technology Etf, it is important to understand the factors that can impact its price. Technology Select Sector owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.051, which indicates the etf had a -0.051% return per unit of risk over the last 3 months. Technology Select Sector exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Technology Select's Semi Deviation of 1.09, coefficient of variation of 2496.16, and Risk Adjusted Performance of 0.0295 to confirm the risk estimate we provide.
Technology Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 23.03 | 200 Day MA 185.1363 | 1 y Volatility 17.46 | 50 Day MA 206.2248 | Inception Date 1998-12-16 |
Technology |
Sharpe Ratio = -0.051
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| Negative Returns | XLK |
Estimated Market Risk
| 1.15 actual daily | 10 90% of assets are more volatile |
Expected Return
| -0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Technology Select 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 Technology Select by adding Technology Select to a well-diversified portfolio.
Average Mkt Cap Mil 582 K |
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
About Technology Select Etf history
Technology Select 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 Technology is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Technology Select Sector 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 Technology Select stock prices may prove useful in developing a viable investing in Technology Select
In seeking to track the performance of the index, the fund employs a replication strategy, which means that the fund typically invests in substantially all of the securities represented in the index in approximately the same proportions as the index. SP 500 is traded on NYSEARCA Exchange in the United States.
Technology Select Etf Technical Analysis
Technology Select 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
Technology Select Period Price Range
Technology Select April 19, 2024 Market Strength
Market strength indicators help investors to evaluate how Technology Select etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Technology Select shares will generate the highest return on investment. By undertsting and applying Technology Select etf market strength indicators, traders can identify Technology Select Sector entry and exit signals to maximize returns
| Accumulation Distribution | 245231.0 | |||
| Daily Balance Of Power | (0.92) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 194.26 | |||
| Day Typical Price | 193.68 | |||
| Price Action Indicator | (3.75) | |||
| Period Momentum Indicator | (4.05) |
Technology Select Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Technology Select's price direction in advance. Along with the technical and fundamental analysis of Technology Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Technology 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 | 0.0295 | |||
| Jensen Alpha | 0.0219 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1446 |
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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Technology Select Sector. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
The market value of Technology Select Sector is measured differently than its book value, which is the value of Technology that is recorded on the company's balance sheet. Investors also form their own opinion of Technology Select's value that differs from its market value or its book value, called intrinsic value, which is Technology Select'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 Technology Select's market value can be influenced by many factors that don't directly affect Technology Select'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 Technology Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Technology Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Technology Select'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.