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Asset Summary

Daily Performance Report for AMZN ETF: Dec 3, 2024

Summary: The day started with AMZN ETF opening at $210.67 and closing at $212.23. The ETF showed resilience throughout the day, with the highest price observed at $213.3 and the lowest at $209.65. The underlying asset had a trading range of $3.65 Overall, it was a positive trading day for AMZN ETF, reflecting investor optimism and market activity.

Change in Closing Price: There was a net increase of $1.56 or 0.74% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for AMZN ETF was 10,360,866 units during Dec 3, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $210.67.

Highest Price: The highest price observed during the day was $213.3.

Lowest Price: The lowest price observed during the day was $209.65.

Closing Price: The day ended at $212.23.

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

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Frequently Asked Questions

As of now, Amazon does not pay dividends; instead, it reinvests its profits back into the business for growth and expansion.

Amazon sells a vast array of products, including books, electronics, clothing, and household items, as well as digital services like streaming and cloud computing.

Competitors of Amazon include companies like Walmart, Alibaba, eBay, and other e-commerce and cloud computing services providers.

Amazon Web Services (AWS) is Amazon’s cloud computing platform, offering a variety of services such as computing power, storage, and database solutions to businesses worldwide.

Amazon generates revenue primarily through its online retail sales, subscription services like Amazon Prime, and Amazon Web Services (AWS), its cloud computing division.

Amazon typically reports earnings on a quarterly basis, providing updates on financial performance, revenue growth, and strategic initiatives.

Amazon is known for innovations such as the Kindle e-reader, Alexa voice assistant, and advanced logistics and delivery systems, enhancing customer experience and operational efficiency.

Amazon Prime is a subscription service that offers members benefits such as free shipping, access to streaming video and music, and exclusive deals on products.

Amazon places a strong emphasis on customer service, providing various support channels, including online help, phone support, and live chat to address customer inquiries.

Amazon is committed to sustainability, aiming to achieve net-zero carbon by 2040 and investing in renewable energy projects and sustainable packaging initiatives.

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