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Asset Summary

Daily Performance Report for APA ETF: Nov 6, 2024

Summary: The day started with APA ETF opening at $23.64 and closing at $24.26. The ETF showed resilience throughout the day, with the highest price observed at $24.95 and the lowest at $23.48. The underlying asset had a trading range of $1.47 Overall, it was a positive trading day for APA ETF, reflecting investor optimism and market activity.

Change in Closing Price: There was a net increase of $0.62 or 2.62% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for APA ETF was 9,265,668 units during Nov 6, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $23.64.

Highest Price: The highest price observed during the day was $24.95.

Lowest Price: The lowest price observed during the day was $23.48.

Closing Price: The day ended at $24.26.

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

Yes, APA shares can typically be included in retirement accounts such as IRAs or 401(k)s, depending on the brokerage.

APA is recognized for its operational expertise, strategic asset locations, and commitment to sustainable practices in the energy sector.

APA has a policy of returning value to shareholders through dividends, although dividend amounts can fluctuate based on financial performance and market conditions.

Historically, APA’s performance has been influenced by oil and gas market conditions, operational efficiency, and exploration successes.

APA contributes to energy production through its exploration and extraction of oil and natural gas, playing a role in meeting global energy demands.

APA reports its financial results quarterly and annually, detailing its production levels, revenue, and expenses.

Risks include volatility in oil and gas prices, regulatory changes, and operational risks inherent to the energy sector.

APA generates revenue primarily through the exploration, production, and sale of oil and natural gas.

APA employs strategies such as cost management, operational efficiencies, and targeted exploration and acquisition opportunities to drive growth.

APA operates primarily in the United States, particularly in the Permian Basin, as well as in international locations such as Egypt and the UK North Sea.

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Disclaimers

The information displayed on this site is sourced from third-party providers and is believed to be reliable. RankMyTrade (RMT) has not independently verified this data and does not guarantee its accuracy. The information and calculations provided by RankMyTrade are for educational and informational purposes only and should not be construed as financial or investment advice.

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