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Asset Summary

Daily Performance Report for RWM ETF: Nov 21, 2024

Summary: The day started with RWM ETF opening at $18.21 and closing at $18.06. The ETF showed weakness throughout the day, with the highest price observed at $18.28 and the lowest at $18.06. The underlying asset had a trading range of $0.22 Overall, it was a negative trading day for RWM ETF, reflecting investor pessimism and market activity.

Change in Closing Price: There was a net decrease of $-0.15 or -0.82% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for RWM ETF was 81,005 units during Nov 21, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $18.21.

Highest Price: The highest price observed during the day was $18.28.

Lowest Price: The lowest price observed during the day was $18.06.

Closing Price: The day ended at $18.06.

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

RWM typically increases in value when the Russell 2000 Index declines and decreases in value when the index rises.

The performance of RWM is designed to closely mirror the inverse performance of the Russell 2000 Index on a daily basis, but results may vary over longer periods.

RWM uses financial derivatives, including swaps and futures, to provide inverse exposure to the daily performance of the Russell 2000 Index.

The expense ratio for RWM is typically around 0.95%, which covers management fees and operational costs.

RWM is primarily designed for short-term trading and may not be suitable for long-term investors due to compounding effects and market volatility.

RWM may be considered when you expect a decline in small-cap stocks or want to hedge against market downturns in that segment.

The primary strategy is to provide inverse exposure to the Russell 2000 Index, making it a tool for hedging or speculating on declines in small-cap stocks.

Yes, RWM can be held in retirement accounts like IRAs or 401(k)s, subject to the accounts trading rules.

Shares of RWM can be purchased through any brokerage account that offers trading in ETFs.

Yes, investors may incur capital gains taxes upon selling shares, similar to other ETFs, and tax treatment may vary based on individual circumstances.

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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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