QQXT

$96.00 -0.09% $-0.09
Nov 6, 2024 20:00 PM

QQXT is an exchange-traded fund (ETF) that seeks to track the performance of the NASDAQ-100 Ex-Tech Sector Index. This index includes the NASDAQ-100 Index's companies excluding those in the technology sector, providing investors exposure to a diversified range of sectors except for technology.

Share on :

Asset Summary

Daily Performance Report for QQXT ETF: Nov 6, 2024

Summary: The day started with QQXT ETF opening at $95.74 and closing at $96. The ETF showed resilience throughout the day, with the highest price observed at $96.09 and the lowest at $95.27. The underlying asset had a trading range of $0.82 Overall, it was a positive trading day for QQXT ETF, reflecting investor optimism and market activity.

Change in Closing Price: There was a net increase of $0.26 or 0.27% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for QQXT ETF was 6,540 units during Nov 6, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $95.74.

Highest Price: The highest price observed during the day was $96.09.

Lowest Price: The lowest price observed during the day was $95.27.

Closing Price: The day ended at $96.

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.

1 Month Trailing Return

2.38%

Represents the percentage change in asset value over the past month.

3 Month Trailing Return

8.37%

Indicates the percentage change in asset value over the last three months.

Period Max Drawdown

6.15%

The highest percentage drop from the peak value to the lowest point during the observed period.

Standard Deviation

10.49%

Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.

Sharpe Ratio

0.76

Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.

Calmar Ratio

1.30

The ratio of the annualized return to the maximum drawdown, reflecting the return per unit of risk.

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.

Supercharge Your QQXT Trading Now

Empower your trading with RankMyTrade.com. Our comprehensive platform delivers precise analysis and strategic insights for QQXT, designed to improve your trading outcomes. Boost your investment success with us and unlock new opportunities with our advanced system!

Start Optimizing Now

Frequently Asked Questions

QQXT rebalances its portfolio quarterly to ensure alignment with the NASDAQ-100 Ex-Tech Sector Index. This involves adjusting the weights of the underlying stocks to match the index’s composition.

Key performance metrics for QQXT include its net asset value (NAV), expense ratio, total return, and tracking error. NAV represents the per-share value of the ETF, the expense ratio covers the cost of managing the fund, total return measures overall performance including dividends, and tracking error shows how closely QQXT follows the NASDAQ-100 Ex-Tech Sector Index.

QQXT is designed to track the NASDAQ-100 Ex-Tech Sector Index, which excludes technology sector companies from the NASDAQ-100 Index. Therefore, its performance will differ from the NASDAQ-100 Index, particularly because it lacks exposure to technology stocks which are a significant portion of the NASDAQ-100 Index.

Yes, QQXT can be held in retirement accounts such as IRAs or 401(k)s. Investors should consider their investment goals and risk tolerance when deciding to include QQXT in a retirement portfolio.

Factors affecting QQXT’s performance include the performance of the non-technology sectors within the NASDAQ-100 Ex-Tech Sector Index, overall market conditions, and economic factors impacting the underlying stocks in the ETF.

The historical performance of QQXT reflects its objective to track the NASDAQ-100 Ex-Tech Sector Index. The ETF’s performance will vary based on the performance of the non-technology sectors included in the index.

Similar ETFs to QQXT include Invesco QQQ Trust (QQQ), which tracks the NASDAQ-100 Index including technology stocks, and Invesco S&P 500 Equal Weight ETF (RSP), which provides equal exposure to all companies in the S&P 500 Index, though it does not exclude any specific sector.

Investors can purchase shares of QQXT through a brokerage account, similar to other stocks and ETFs. It is traded on the NASDAQ stock exchange under the ticker symbol "QQXT."

As of the latest update, QQXT has an expense ratio of approximately 0.32%. This fee is deducted from the fund’s assets and covers the expenses related to managing the ETF.

Risks associated with QQXT include sector risk and market risk. Since QQXT excludes technology companies, it may be less responsive to technological advancements and market trends in that sector. Investors also face general market risks that can impact the performance of the fund.

Top Market Assets

Discover our curated selection of top-performing exchange-traded funds (ETFs) that represent a diverse range of investment opportunities.

Nov 06, 2024

SPY

SPY is an exchange-traded fund (ETF) that aims to replicate the performance of the S&P 500 Index. The S&P 500 Index includes 500 of the largest publicly traded companies in the United States, representing a broad cross-section of the U.S. economy.

Strategies Automation Leverage
Nov 06, 2024

QQQ

QQQ is an exchange-traded fund (ETF) that tracks the performance of the Nasdaq-100 Index. This index includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market, primarily focusing on technology and innovation sectors.

Strategies Automation Leverage
Nov 06, 2024

DIA

DIA is an exchange-traded fund (ETF) that aims to track the performance of the Dow Jones Industrial Average (DJIA). The DJIA is a stock market index consisting of 30 large, publicly traded companies in the United States, representing a broad range of industries.

Strategies Automation Leverage
Nov 06, 2024

IWM

IWM is an exchange-traded fund (ETF) that seeks to track the performance of the Russell 2000 Index. The Russell 2000 Index measures the performance of the 2,000 smallest stocks in the Russell 3000 Index, representing a broad segment of small-cap U.S. companies.

Strategies Automation Leverage

Reveal Your QQXT Trading Now

Achieve superior trading results with Rankmytrade. Our platform provides expert analysis and actionable insights for QQXT, utilizing the latest technology to refine your investment approach. Transform your trading strategy now now and see the impact on your trading success!

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.

With any investment, your capital is at risk. The value of your portfolio go down as well as up. Past performance is no guarantee of future results. By using this website, you accept our Terms of Service, Privacy Policy, and Payment Agreement.

Market data is provided in near real-time when available, but we do not guarantee its accuracy or timeliness.

Securities products are: Not FDIC insured · Not bank guaranteed · May lose value

Trademarks and logos are the property of their respective owners and do not represent endorsements of any kind. Unless otherwise noted, RankMyTrade and its affiliates are not partners, affiliates, or licensees of these companies.

Supported Assets & ETFs

ALL AOS ALB IVV XLU SKF REW TECS WANT SDS