Daily Performance Report for RSPN ETF: Nov 6, 2024
Summary: The day started with RSPN ETF opening at $53.63 and closing at $54.04. The ETF showed resilience throughout the day, with the highest price observed at $54.15 and the lowest at $53.39. The underlying asset had a trading range of $0.76 Overall, it was a positive trading day for RSPN ETF, reflecting investor optimism and market activity.
Change in Closing Price: There was a net increase of $0.41 or 0.76% in the closing price from the opening to the closing price over the day.
Volume Analysis: Trading volume for RSPN ETF was 35,361 units during Nov 6, 2024, indicating active market participation and investor interest.
Opening Price: The day started at $53.63.
Highest Price: The highest price observed during the day was $54.15.
Lowest Price: The lowest price observed during the day was $53.39.
Closing Price: The day ended at $54.04.
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.
2.52%
Represents the percentage change in asset value over the past month.
13.89%
Indicates the percentage change in asset value over the last three months.
5.99%
The highest percentage drop from the peak value to the lowest point during the observed period.
13.55%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
1.81
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
4.09
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 | 54.02 | 54.15 | 54.02 | 54.08 | 8,348 | 54.11 | +0.06 +0.11% |
11/06/2024 07:00 PM | 54.07 | 54.08 | 53.99 | 53.99 | 4,708 | 54.06 | -0.08 -0.15% |
11/06/2024 06:00 PM | 53.99 | 54.06 | 53.99 | 54.06 | 830 | 54.04 | +0.07 +0.13% |
11/06/2024 05:00 PM | 53.91 | 53.97 | 53.85 | 53.97 | 4,918 | 53.90 | +0.06 +0.11% |
11/06/2024 04:00 PM | 53.65 | 53.88 | 53.60 | 53.80 | 2,538 | 53.76 | +0.15 +0.28% |
11/06/2024 03:00 PM | 53.51 | 53.67 | 53.51 | 53.64 | 1,988 | 53.61 | +0.13 +0.24% |
11/05/2024 08:00 PM | 51.93 | 52.14 | 51.93 | 52.14 | 27,980 | 52.04 | +0.21 +0.40% |
11/05/2024 07:00 PM | 51.95 | 52.01 | 51.95 | 52.00 | 1,430 | 51.99 | +0.05 +0.10% |
11/05/2024 06:00 PM | 51.90 | 51.94 | 51.89 | 51.93 | 5,870 | 51.90 | +0.03 +0.06% |
11/05/2024 05:00 PM | 51.90 | 51.95 | 51.89 | 51.95 | 7,990 | 51.92 | +0.05 +0.10% |
11/05/2024 04:00 PM | 51.82 | 51.86 | 51.79 | 51.86 | 1,105 | 51.83 | +0.04 +0.08% |
11/05/2024 03:00 PM | 51.67 | 51.89 | 51.67 | 51.87 | 3,440 | 51.74 | +0.20 +0.39% |
11/04/2024 08:00 PM | 51.15 | 51.15 | 51.07 | 51.09 | 5,402 | 51.11 | -0.06 -0.12% |
11/04/2024 07:00 PM | 51.16 | 51.19 | 51.13 | 51.17 | 4,881 | 51.17 | +0.01 +0.02% |
11/04/2024 06:00 PM | 51.15 | 51.21 | 51.15 | 51.15 | 725 | 51.16 | 0.00 0.00% |
11/04/2024 05:00 PM | 51.18 | 51.19 | 51.18 | 51.19 | 683 | 51.19 | +0.01 +0.02% |
11/04/2024 04:00 PM | 51.27 | 51.29 | 51.04 | 51.04 | 1,196 | 51.17 | -0.23 -0.45% |
11/04/2024 03:00 PM | 51.45 | 51.48 | 51.33 | 51.33 | 2,384 | 51.44 | -0.12 -0.23% |
11/01/2024 07:00 PM | 51.20 | 51.26 | 51.10 | 51.15 | 8,637 | 51.16 | -0.05 -0.10% |
11/01/2024 06:00 PM | 51.14 | 51.23 | 51.12 | 51.21 | 1,617 | 51.17 | +0.07 +0.14% |
11/01/2024 05:00 PM | 51.27 | 51.31 | 51.14 | 51.18 | 3,910 | 51.21 | -0.09 -0.18% |
11/01/2024 04:00 PM | 51.37 | 51.37 | 51.23 | 51.23 | 2,691 | 51.28 | -0.14 -0.27% |
11/01/2024 03:00 PM | 51.42 | 51.42 | 51.32 | 51.32 | 10,070 | 51.39 | -0.10 -0.19% |
11/01/2024 02:00 PM | 51.27 | 51.46 | 51.27 | 51.35 | 3,107 | 51.36 | +0.08 +0.16% |
10/31/2024 07:00 PM | 51.21 | 51.23 | 51.00 | 51.03 | 4,135 | 51.17 | -0.18 -0.35% |
10/31/2024 06:00 PM | 51.23 | 51.24 | 51.19 | 51.24 | 2,454 | 51.23 | +0.01 +0.02% |
10/31/2024 05:00 PM | 51.33 | 51.33 | 51.24 | 51.26 | 3,049 | 51.27 | -0.07 -0.14% |
10/31/2024 04:00 PM | 51.14 | 51.27 | 51.14 | 51.22 | 3,270 | 51.19 | +0.08 +0.16% |
10/31/2024 03:00 PM | 51.00 | 51.15 | 50.96 | 51.06 | 2,046 | 51.08 | +0.06 +0.12% |
10/31/2024 02:00 PM | 51.21 | 51.27 | 51.11 | 51.11 | 1,647 | 51.18 | -0.10 -0.20% |
10/30/2024 07:00 PM | 51.56 | 51.59 | 51.48 | 51.48 | 26,446 | 51.56 | -0.08 -0.16% |
10/30/2024 06:00 PM | 51.61 | 51.62 | 51.57 | 51.57 | 657 | 51.60 | -0.04 -0.08% |
10/30/2024 05:00 PM | 51.61 | 51.66 | 51.58 | 51.58 | 7,612 | 51.61 | -0.03 -0.06% |
10/30/2024 04:00 PM | 51.72 | 51.72 | 51.59 | 51.59 | 3,480 | 51.62 | -0.13 -0.25% |
10/30/2024 03:00 PM | 51.64 | 51.72 | 51.59 | 51.72 | 1,001 | 51.66 | +0.08 +0.15% |
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Explore Insights NowRSPN is rebalanced quarterly to align with changes in the S&P 500 Equal Weight Consumer Discretionary Index. This rebalancing ensures that each constituent maintains an equal weight within the ETF.
Yes, investing in RSPN carries risks such as sector risk and volatility risk. The consumer discretionary sector can be affected by economic conditions, consumer spending trends, and market volatility. The equal weighting approach can also result in higher volatility compared to market-cap-weighted indices.
Dividends received from the underlying securities in RSPN are collected and distributed to ETF shareholders. Investors can choose to receive dividends in cash or reinvest them to purchase additional shares of RSPN.
Investors can purchase shares of RSPN through a brokerage account, just like other stocks and ETFs. It is traded on the New York Stock Exchange (NYSE) under the ticker symbol "RSPN."
Historically, RSPN’s performance reflects the trends in the consumer discretionary sector, adjusted for the equal weighting of its constituents. Performance can vary based on economic conditions, consumer trends, and the financial health of individual companies within the sector.
RSPN typically distributes dividends on a quarterly basis. These dividends are paid from the income generated by the underlying securities in the ETF’s portfolio.
RSPN is managed by Invesco. The fund seeks to replicate the performance of the S&P 500 Equal Weight Consumer Discretionary Index by holding the same stocks in equal proportions as the index. The management involves periodic rebalancing to ensure that the ETF maintains equal weight for each constituent stock.
Similar ETFs to RSPN include the Consumer Discretionary Select Sector SPDR Fund (XLY) and the Invesco S&P 500 Equal Weight ETF (RSP). These ETFs also focus on consumer discretionary stocks or use an equal weighting approach but may differ in their specific focus or index.
RSPN is designed to closely track the performance of the S&P 500 Equal Weight Consumer Discretionary Index. Therefore, its performance should be very similar to that of the index, with minor variations due to tracking error and management fees.
Yes, RSPN can be held in retirement accounts such as IRAs or 401(k)s. It can be a suitable choice for investors seeking targeted exposure to the consumer discretionary sector within their retirement portfolio.
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