Daily Performance Report for DRV ETF: Dec 23, 2024
Summary: The day started with DRV ETF opening at $30 and closing at $30.25. The ETF showed resilience throughout the day, with the highest price observed at $30.78 and the lowest at $30. The underlying asset had a trading range of $0.78 Overall, it was a positive trading day for DRV ETF, reflecting investor optimism and market activity.
Change in Closing Price: There was a net increase of $0.25 or 0.83% in the closing price from the opening to the closing price over the day.
Volume Analysis: Trading volume for DRV ETF was 129,768 units during Dec 23, 2024, indicating active market participation and investor interest.
Opening Price: The day started at $30.
Highest Price: The highest price observed during the day was $30.78.
Lowest Price: The lowest price observed during the day was $30.
Closing Price: The day ended at $30.25.
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.
31.29%
Represents the percentage change in asset value over the past month.
31.91%
Indicates the percentage change in asset value over the last three months.
52.79%
The highest percentage drop from the peak value to the lowest point during the observed period.
49.05%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
0.04
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
0.04
The ratio of the annualized return to the maximum drawdown, reflecting the return per unit of risk.
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 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:
Type/Period | |
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SMA | |
EMA | |
WMA | |
WEMA |
Pivot Points are used to determine potential support and resistance levels. Here’s a breakdown of the latest Pivot Points for various methods:
Type | S3 | S2 | S1 | PIVOT | R1 | R2 | R3 |
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Technical Indicators are tools used to analyze market trends and make predictions. Here’s a summary of some key indicators:
Indicator | Value | Details |
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Candlestick patterns are crucial in technical analysis, providing visual insights into market sentiment and potential price movements. This section analyzes various candlestick patterns over a specified range of recent candles to identify any significant formations that might indicate future market trends. Each pattern is evaluated based on the latest candle data to determine if it matches known patterns of bullish or bearish signals.
The tool utilizes real-time price data to scan for these patterns, displaying results with timestamps to help understand the context of each detected pattern.
Timestamp | Pattern | Found |
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Pattern | Support |
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This section provides a detailed overview of historical price data for the selected asset. The table below captures key metrics such as open, high, low, and close prices as well as volume and vwap for each trading period. Analyzing historical prices helps in understanding past market trends and volatility, enabling better-informed decisions for future trading strategies.
Timestamp | Open | High | Low | Close | Volume | VWAP | Change |
---|---|---|---|---|---|---|---|
12/23/2024 04:00 PM | 30.60 | 30.60 | 30.21 | 30.25 | 6,006 | 30.36 | -0.35 -1.14% |
12/23/2024 03:00 PM | 30.66 | 30.75 | 30.28 | 30.62 | 63,775 | 30.55 | -0.04 -0.13% |
12/20/2024 08:00 PM | 29.96 | 30.49 | 29.88 | 30.38 | 37,565 | 30.18 | +0.42 +1.40% |
12/20/2024 07:00 PM | 29.98 | 30.06 | 29.70 | 29.98 | 6,778 | 29.94 | 0.00 0.00% |
12/20/2024 06:00 PM | 29.68 | 30.02 | 29.68 | 29.83 | 12,111 | 29.87 | +0.15 +0.51% |
12/20/2024 05:00 PM | 29.49 | 29.73 | 29.44 | 29.47 | 36,635 | 29.57 | -0.02 -0.07% |
12/20/2024 04:00 PM | 30.27 | 30.27 | 29.43 | 29.43 | 32,742 | 29.76 | -0.84 -2.78% |
12/20/2024 03:00 PM | 31.06 | 31.40 | 30.16 | 30.20 | 130,396 | 30.86 | -0.86 -2.77% |
12/19/2024 08:00 PM | 31.44 | 32.21 | 31.23 | 32.17 | 65,686 | 31.70 | +0.73 +2.32% |
12/19/2024 07:00 PM | 30.76 | 31.43 | 30.76 | 31.43 | 12,479 | 31.16 | +0.67 +2.18% |
12/19/2024 06:00 PM | 31.13 | 31.16 | 30.69 | 30.76 | 21,857 | 30.84 | -0.37 -1.19% |
12/19/2024 05:00 PM | 30.97 | 31.11 | 30.78 | 30.96 | 38,633 | 30.95 | -0.01 -0.03% |
12/19/2024 04:00 PM | 30.82 | 31.10 | 30.80 | 30.98 | 156,655 | 30.98 | +0.16 +0.52% |
12/19/2024 03:00 PM | 30.33 | 31.07 | 30.33 | 30.77 | 173,212 | 30.78 | +0.44 +1.45% |
12/18/2024 08:00 PM | 29.58 | 30.58 | 29.37 | 30.54 | 97,688 | 30.01 | +0.96 +3.25% |
12/18/2024 07:00 PM | 27.73 | 29.68 | 27.73 | 29.68 | 85,520 | 28.55 | +1.95 +7.03% |
12/18/2024 06:00 PM | 27.59 | 27.71 | 27.59 | 27.59 | 3,596 | 27.67 | 0.00 0.00% |
12/18/2024 05:00 PM | 27.59 | 27.63 | 27.53 | 27.61 | 3,048 | 27.58 | +0.02 +0.07% |
12/18/2024 04:00 PM | 27.45 | 27.54 | 27.44 | 27.49 | 11,726 | 27.50 | +0.04 +0.15% |
12/18/2024 03:00 PM | 27.29 | 27.47 | 27.17 | 27.30 | 9,335 | 27.28 | +0.01 +0.04% |
12/17/2024 08:00 PM | 27.20 | 27.30 | 27.09 | 27.27 | 28,733 | 27.21 | +0.07 +0.26% |
12/17/2024 07:00 PM | 26.91 | 27.12 | 26.91 | 27.12 | 12,439 | 26.93 | +0.21 +0.78% |
12/17/2024 06:00 PM | 26.72 | 26.86 | 26.71 | 26.85 | 13,825 | 26.83 | +0.13 +0.49% |
12/17/2024 05:00 PM | 26.64 | 26.87 | 26.59 | 26.87 | 2,266 | 26.79 | +0.23 +0.86% |
12/17/2024 04:00 PM | 26.82 | 26.86 | 26.62 | 26.67 | 11,863 | 26.74 | -0.15 -0.56% |
12/17/2024 03:00 PM | 26.85 | 27.07 | 26.75 | 26.75 | 11,598 | 26.84 | -0.10 -0.37% |
12/16/2024 08:00 PM | 26.44 | 26.98 | 26.44 | 26.86 | 37,276 | 26.79 | +0.42 +1.59% |
12/16/2024 07:00 PM | 26.22 | 26.46 | 26.22 | 26.36 | 24,678 | 26.35 | +0.14 +0.53% |
12/16/2024 06:00 PM | 26.16 | 26.16 | 26.04 | 26.14 | 4,184 | 26.07 | -0.02 -0.08% |
12/16/2024 05:00 PM | 26.03 | 26.20 | 26.03 | 26.14 | 5,218 | 26.12 | +0.11 +0.42% |
12/16/2024 04:00 PM | 25.97 | 26.14 | 25.97 | 26.05 | 4,711 | 26.04 | +0.08 +0.31% |
12/16/2024 03:00 PM | 26.24 | 26.28 | 25.98 | 26.01 | 12,382 | 26.09 | -0.23 -0.88% |
12/13/2024 08:00 PM | 26.59 | 26.64 | 26.41 | 26.51 | 11,344 | 26.52 | -0.08 -0.30% |
12/13/2024 07:00 PM | 26.56 | 26.60 | 26.50 | 26.56 | 6,949 | 26.57 | 0.00 0.00% |
12/13/2024 06:00 PM | 26.51 | 26.58 | 26.47 | 26.54 | 5,403 | 26.51 | +0.03 +0.11% |
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Maximize Results NowThe liquidity of DRV is indicated by its trading volume and bid-ask spread. Higher trading volumes generally imply better liquidity, leading to narrower spreads and lower trading costs.
Risks include high volatility and amplified losses due to leverage. DRV is designed for short-term trading and may not be suitable for long-term investors due to potential compounding effects.
DRV can be held in retirement accounts like IRAs or 401(k)s, but its leveraged nature makes it more suitable for short-term trading rather than long-term investment.
DRV typically distributes dividends quarterly. The dividends come from the income generated by the ETF’s underlying holdings and any interest earned.
DRV’s portfolio is rebalanced daily to maintain its -3x leverage ratio. Adjustments are made to reflect changes in the MSCI US IMI Real Estate 25/50 Index and to achieve the targeted inverse leverage.
Historical performance data for DRV includes daily returns, NAV, and tracking accuracy relative to -3x the MSCI US IMI Real Estate 25/50 Index. Performance should be reviewed frequently due to the leveraged nature of the ETF.
DRV has an expense ratio of approximately 1.08%, which covers management fees, leverage costs, and other expenses associated with operating the ETF.
Key performance metrics for DRV include its net asset value (NAV), expense ratio, daily performance relative to -3x the MSCI US IMI Real Estate 25/50 Index, and tracking error. Due to leverage, performance should be monitored daily.
Factors include the volatility of the MSCI US IMI Real Estate 25/50 Index, market conditions, the impact of leverage, and daily rebalancing. Performance may deviate from -3x the index’s daily return due to these factors.
DRV can be purchased through brokerage accounts just like other ETFs. It is listed on major stock exchanges under the ticker symbol "DRV" and can be traded during regular market hours.
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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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