Daily Performance Report for ROM ETF: Nov 6, 2024
Summary: The day started with ROM ETF opening at $69.82 and closing at $70.94. The ETF showed resilience throughout the day, with the highest price observed at $71.21 and the lowest at $69.5. The underlying asset had a trading range of $1.71 Overall, it was a positive trading day for ROM ETF, reflecting investor optimism and market activity.
Change in Closing Price: There was a net increase of $1.12 or 1.60% in the closing price from the opening to the closing price over the day.
Volume Analysis: Trading volume for ROM ETF was 66,171 units during Nov 6, 2024, indicating active market participation and investor interest.
Opening Price: The day started at $69.82.
Highest Price: The highest price observed during the day was $71.21.
Lowest Price: The lowest price observed during the day was $69.5.
Closing Price: The day ended at $70.94.
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.
2.07%
Represents the percentage change in asset value over the past month.
24.29%
Indicates the percentage change in asset value over the last three months.
32.28%
The highest percentage drop from the peak value to the lowest point during the observed period.
45.31%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
0.98
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
1.38
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 |
---|---|---|---|---|---|---|---|
11/06/2024 08:00 PM | 71.08 | 71.21 | 70.90 | 71.01 | 3,740 | 71.05 | -0.07 -0.10% |
11/06/2024 07:00 PM | 70.82 | 70.95 | 70.82 | 70.90 | 2,132 | 70.87 | +0.08 +0.11% |
11/06/2024 06:00 PM | 70.54 | 70.81 | 70.54 | 70.72 | 1,676 | 70.67 | +0.18 +0.26% |
11/06/2024 05:00 PM | 70.39 | 70.56 | 70.28 | 70.56 | 1,990 | 70.47 | +0.17 +0.24% |
11/06/2024 04:00 PM | 70.07 | 70.35 | 69.92 | 70.32 | 4,658 | 70.10 | +0.25 +0.36% |
11/06/2024 03:00 PM | 69.83 | 70.64 | 69.80 | 70.10 | 12,725 | 69.99 | +0.27 +0.39% |
11/05/2024 08:00 PM | 66.67 | 67.12 | 66.67 | 67.07 | 11,941 | 66.95 | +0.40 +0.60% |
11/05/2024 07:00 PM | 66.83 | 66.83 | 66.76 | 66.76 | 402 | 66.79 | -0.07 -0.10% |
11/05/2024 06:00 PM | 67.09 | 67.09 | 66.72 | 66.73 | 928 | 66.81 | -0.36 -0.54% |
11/05/2024 05:00 PM | 67.05 | 67.20 | 67.05 | 67.07 | 5,250 | 67.13 | +0.02 +0.03% |
11/05/2024 04:00 PM | 66.84 | 67.03 | 66.84 | 67.03 | 3,620 | 66.98 | +0.19 +0.28% |
11/05/2024 03:00 PM | 66.96 | 66.96 | 66.47 | 66.51 | 4,195 | 66.75 | -0.45 -0.67% |
11/04/2024 08:00 PM | 65.87 | 65.88 | 65.28 | 65.40 | 14,061 | 65.46 | -0.47 -0.71% |
11/04/2024 07:00 PM | 66.04 | 66.06 | 65.88 | 65.93 | 3,085 | 65.95 | -0.11 -0.17% |
11/04/2024 06:00 PM | 65.83 | 66.01 | 65.83 | 65.99 | 1,170 | 65.93 | +0.16 +0.24% |
11/04/2024 05:00 PM | 65.38 | 65.49 | 65.38 | 65.46 | 795 | 65.46 | +0.08 +0.12% |
11/04/2024 04:00 PM | 65.57 | 65.57 | 65.40 | 65.40 | 2,994 | 65.53 | -0.17 -0.26% |
11/04/2024 03:00 PM | 65.76 | 65.95 | 65.76 | 65.89 | 7,107 | 65.87 | +0.13 +0.20% |
11/01/2024 07:00 PM | 65.49 | 65.84 | 65.34 | 65.49 | 19,993 | 65.69 | 0.00 0.00% |
11/01/2024 06:00 PM | 65.52 | 65.60 | 65.29 | 65.58 | 18,744 | 65.49 | +0.06 +0.09% |
11/01/2024 05:00 PM | 65.59 | 65.59 | 65.53 | 65.53 | 4,318 | 65.55 | -0.06 -0.09% |
11/01/2024 04:00 PM | 65.96 | 66.16 | 65.75 | 65.75 | 51,282 | 66.12 | -0.21 -0.32% |
11/01/2024 03:00 PM | 65.93 | 66.26 | 65.93 | 66.07 | 6,846 | 66.08 | +0.14 +0.21% |
11/01/2024 02:00 PM | 65.58 | 66.15 | 65.35 | 65.87 | 8,290 | 65.65 | +0.29 +0.44% |
10/31/2024 07:00 PM | 64.86 | 65.52 | 64.53 | 64.53 | 16,469 | 64.96 | -0.33 -0.51% |
10/31/2024 06:00 PM | 64.63 | 64.79 | 64.53 | 64.79 | 3,426 | 64.63 | +0.16 +0.25% |
10/31/2024 05:00 PM | 65.12 | 65.22 | 64.73 | 64.73 | 6,335 | 65.03 | -0.39 -0.60% |
10/31/2024 04:00 PM | 64.90 | 65.01 | 64.87 | 65.01 | 5,326 | 64.92 | +0.11 +0.17% |
10/31/2024 03:00 PM | 64.86 | 65.13 | 64.50 | 64.80 | 10,083 | 64.79 | -0.06 -0.09% |
10/31/2024 02:00 PM | 65.32 | 65.73 | 64.94 | 65.00 | 5,980 | 65.19 | -0.32 -0.49% |
10/30/2024 07:00 PM | 69.22 | 69.25 | 68.95 | 68.99 | 1,868 | 69.07 | -0.23 -0.33% |
10/30/2024 06:00 PM | 69.33 | 69.52 | 69.33 | 69.52 | 1,629 | 69.42 | +0.19 +0.27% |
10/30/2024 05:00 PM | 69.79 | 69.79 | 69.69 | 69.69 | 200 | 69.74 | -0.10 -0.14% |
10/30/2024 04:00 PM | 69.69 | 69.89 | 69.62 | 69.89 | 3,306 | 69.76 | +0.20 +0.29% |
10/30/2024 03:00 PM | 69.92 | 69.92 | 69.60 | 69.75 | 17,948 | 69.76 | -0.17 -0.24% |
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Discover More NowROM adjusts its holdings and covered call positions to reflect changes in the CBOE Russell 2000 BuyWrite Index. The ETF rebalances periodically to ensure alignment with the index’s performance and strategy.
Risks include potential underperformance relative to the Russell 2000 Index due to the covered call strategy, which may limit upside potential. Additionally, the performance of ROM is influenced by the volatility of small-cap stocks and market conditions affecting the pricing of call options.
Investors can purchase shares of ROM through a brokerage account. It is traded on major stock exchanges under the ticker symbol "ROM" and can be bought and sold like other stocks and ETFs.
ROM is managed by Global X and focuses on investing in stocks that are part of the Russell 2000 Index, a benchmark for small-cap stocks. The fund utilizes a covered call strategy, where it sells call options on the underlying stocks to generate additional income from option premiums while holding the stocks.
Key performance metrics for ROM include its net asset value (NAV), dividend yield, expense ratio, total return, and tracking error. NAV reflects the per-share value of the ETF, the dividend yield shows income relative to the share price, the expense ratio indicates management fees, total return includes income and capital gains, and tracking error measures how closely the fund tracks its index.
ROM has an expense ratio of approximately 0.60%. This fee covers the costs of managing and operating the fund, including portfolio management and administrative expenses.
ROM typically distributes dividends on a monthly basis. These dividends come from the income generated by the covered call strategy and any income from the underlying stocks.
Similar ETFs to ROM include: XYLD (Global X S&P 500 Covered Call ETF), which tracks the CBOE S&P 500 BuyWrite Index, focusing on large-cap stocks and a covered call strategy; CWB (Invesco BuyWrite ETF), which seeks to replicate the performance of the CBOE S&P 500 BuyWrite Index with a covered call strategy; and BXY (Global X NASDAQ 100 Covered Call ETF), which tracks the CBOE NASDAQ-100 BuyWrite Index, focusing on NASDAQ-100 stocks with a covered call strategy.
ROM aims to track the CBOE Russell 2000 BuyWrite Index, which is designed to reflect the performance of a covered call strategy applied to the Russell 2000 Index. As a result, ROM’s performance may differ from the Russell 2000 Index, especially due to the income generated from selling call options and the potential trade-offs in capital appreciation.
Factors influencing ROM’s performance include changes in small-cap stock prices, the effectiveness of the covered call strategy in different market conditions, and fluctuations in option premiums. Economic conditions and market volatility can also impact performance.
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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.
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