Asset Summary
Weekly Performance Report for SDP ETF: Week 47, 2024
Summary: The Weekly started with SDP ETF opening at $15.62 and closing at $15.2. The ETF showed weakness throughout the Weekly, with the highest price observed at $15.75 and the lowest at $15.12. The underlying asset had a trading range of $0.63 Overall, it was a negative trading Weekly for SDP ETF, reflecting investor pessimism and market activity.
Change in Closing Price: There was a net decrease of $-0.42 or -2.69% in the closing price from the opening to the closing price over the Weekly.
Volume Analysis: Trading volume for SDP ETF was 76,558 units during Week 47, indicating active market participation and investor interest.
Opening Price: The Weekly started at $15.62.
Highest Price: The highest price observed during the Weekly was $15.75.
Lowest Price: The lowest price observed during the Weekly was $15.12.
Closing Price: The Weekly ended at $15.2.
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
104.30%
Represents the percentage change in asset value over the past month.
3 Month Trailing Return
73.32%
Indicates the percentage change in asset value over the last three months.
Period Max Drawdown
48.04%
The highest percentage drop from the peak value to the lowest point during the observed period.
Standard Deviation
110.58%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
Sharpe Ratio
0.58
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
Calmar Ratio
1.34
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:
| Type/Period | |
|---|---|
| SMA | |
| EMA | |
| WMA | |
| WEMA |
- 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.
Pivot Support and Resistance Levels
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 |
|---|---|---|---|---|---|---|---|
- Classic Pivot Points: Derived from the high, low, and close of the previous period to predict support and resistance.
- Fibonacci Pivot Points: Uses Fibonacci levels to calculate support and resistance.
- Camarilla Pivot Points: Uses a different formula to calculate levels based on the previous period’s high, low, and close.
- Floor Pivot Points: Based on the floor theory, with adjustments for support and resistance levels.
- Woodies Pivot Points: Uses a formula incorporating the previous period's open price.
- DeMark Pivot Points: Employs DeMark's method which varies depending on the closing price relative to the opening price.
Technical Indicators
Technical Indicators are tools used to analyze market trends and make predictions. Here’s a summary of some key indicators:
| Indicator | Value | Details |
|---|---|---|
|
|
|
- ADL (Accumulation/Distribution Line): Measures the cumulative flow of money into and out of a security.
- ForceIndex: Combines price and volume to gauge the power of price movements.
- MFI (Money Flow Index): Indicates the direction of money flow into and out of a security.
- OBV (On-Balance Volume): Uses volume flow to predict changes in stock price.
- VWAP (Volume Weighted Average Price): Shows the average price a security has traded at throughout the day, based on volume and price.
- VolumeProfile: Analyzes trading volume at different price levels over a specific period.
- ADX (Average Directional Index): Measures the strength of a trend.
- ATR (Average True Range): Reflects market volatility by measuring the average range of price movement.
- Ichimoku Cloud: Provides information about support and resistance levels, trend direction, and momentum.
- KST (Know Sure Thing): A momentum indicator that combines four different momentum measurements.
- PSAR (Parabolic SAR): Indicates potential reversals in the market.
- ROC (Rate of Change): Measures the percentage change in price over a specific period.
- Stochastic: Measures the level of the closing price relative to the high-low range over a period.
- StochasticRSI: Combines RSI with Stochastic Oscillator to gauge the RSI level’s relative position.
- TRIX: Shows the percentage change in a triple-smoothed moving average.
- WilliamR: Indicates overbought and oversold conditions.
- MACD (Moving Average Convergence Divergence): Shows the relationship between two moving averages of a security's price.
- AO (Awesome Oscillator): Measures market momentum by comparing a 34-period and a 5-period simple moving average.
- CCI (Commodity Channel Index): Measures the deviation of the price from its average over a period.
- RSI (Relative Strength Index): Indicates overbought or oversold conditions by comparing recent gains and losses.
- BB (Bollinger Bands): Indicates volatility and potential overbought or oversold conditions based on price bands.
- Keltner Channels: Similar to Bollinger Bands but uses average true range for bands.
Candlestick Patterns Analysis
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.
Scanned Candlestick Patterns
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.
Patterns Detected
| Timestamp | Pattern | Found |
|---|---|---|
Detectable Candlestick Patterns
| Pattern | Support |
|---|---|
Historical Prices
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 |
|---|---|---|---|---|---|---|---|
| 11/20/2024 08:00 PM | 15.24 | 15.24 | 15.24 | 15.24 | 100 | 15.24 | 0.00 0.00% |
| 11/20/2024 06:00 PM | 15.29 | 15.29 | 15.29 | 15.29 | 216 | 15.29 | 0.00 0.00% |
| 11/20/2024 04:00 PM | 15.36 | 15.36 | 15.36 | 15.36 | 100 | 15.36 | 0.00 0.00% |
| 11/20/2024 03:00 PM | 15.28 | 15.29 | 15.28 | 15.29 | 5,101 | 15.29 | +0.01 +0.07% |
| 11/19/2024 08:00 PM | 15.35 | 15.35 | 15.28 | 15.28 | 1,911 | 15.33 | -0.07 -0.46% |
| 11/19/2024 07:00 PM | 15.39 | 15.39 | 15.39 | 15.39 | 100 | 15.39 | 0.00 0.00% |
| 11/19/2024 06:00 PM | 15.41 | 15.41 | 15.40 | 15.40 | 1,270 | 15.40 | -0.01 -0.06% |
| 11/19/2024 05:00 PM | 15.40 | 15.43 | 15.39 | 15.43 | 5,875 | 15.42 | +0.03 +0.19% |
| 11/19/2024 04:00 PM | 15.44 | 15.44 | 15.39 | 15.39 | 1,490 | 15.41 | -0.05 -0.32% |
| 11/19/2024 03:00 PM | 15.66 | 15.68 | 15.62 | 15.62 | 10,606 | 15.65 | -0.04 -0.26% |
| 11/18/2024 08:00 PM | 15.50 | 15.50 | 15.46 | 15.47 | 648 | 15.48 | -0.03 -0.19% |
| 11/18/2024 07:00 PM | 15.41 | 15.41 | 15.41 | 15.41 | 150 | 15.41 | 0.00 0.00% |
| 11/18/2024 06:00 PM | 15.38 | 15.38 | 15.38 | 15.38 | 181 | 15.38 | 0.00 0.00% |
| 11/18/2024 04:00 PM | 15.45 | 15.49 | 15.34 | 15.37 | 4,285 | 15.44 | -0.08 -0.52% |
| 11/18/2024 03:00 PM | 15.66 | 15.75 | 15.66 | 15.75 | 10,546 | 15.73 | +0.09 +0.57% |
| 11/15/2024 08:00 PM | 15.77 | 15.78 | 15.70 | 15.72 | 2,980 | 15.74 | -0.05 -0.32% |
| 11/15/2024 07:00 PM | 15.79 | 15.80 | 15.79 | 15.80 | 400 | 15.80 | +0.01 +0.06% |
| 11/15/2024 06:00 PM | 15.85 | 15.85 | 15.85 | 15.85 | 235 | 15.85 | 0.00 0.00% |
| 11/15/2024 03:00 PM | 16.04 | 16.04 | 16.04 | 16.04 | 100 | 16.04 | 0.00 0.00% |
| 11/14/2024 08:00 PM | 15.92 | 16.18 | 15.92 | 16.18 | 20,782 | 15.97 | +0.26 +1.63% |
| 11/14/2024 07:00 PM | 15.92 | 15.92 | 15.89 | 15.89 | 2,563 | 15.90 | -0.03 -0.19% |
| 11/14/2024 06:00 PM | 15.94 | 15.94 | 15.94 | 15.94 | 100 | 15.94 | 0.00 0.00% |
| 11/14/2024 05:00 PM | 16.02 | 16.02 | 16.02 | 16.02 | 100 | 16.02 | 0.00 0.00% |
| 11/14/2024 04:00 PM | 16.01 | 16.03 | 15.98 | 16.03 | 725 | 16.01 | +0.02 +0.12% |
| 11/14/2024 03:00 PM | 16.02 | 16.03 | 16.02 | 16.03 | 623 | 16.02 | +0.01 +0.06% |
| 11/13/2024 08:00 PM | 16.13 | 16.13 | 16.00 | 16.05 | 2,678 | 16.08 | -0.08 -0.50% |
| 11/13/2024 07:00 PM | 16.15 | 16.17 | 16.14 | 16.15 | 14,505 | 16.16 | 0.00 0.00% |
| 11/13/2024 06:00 PM | 16.10 | 16.15 | 16.10 | 16.15 | 1,551 | 16.13 | +0.05 +0.31% |
| 11/13/2024 05:00 PM | 16.08 | 16.08 | 16.08 | 16.08 | 270 | 16.08 | 0.00 0.00% |
| 11/13/2024 04:00 PM | 16.05 | 16.05 | 16.05 | 16.05 | 191 | 16.05 | 0.00 0.00% |
| 11/12/2024 08:00 PM | 15.97 | 15.98 | 15.97 | 15.98 | 2,214 | 15.97 | +0.01 +0.06% |
| 11/12/2024 06:00 PM | 16.09 | 16.14 | 16.09 | 16.14 | 1,320 | 16.12 | +0.05 +0.31% |
| 11/12/2024 05:00 PM | 16.01 | 16.09 | 16.01 | 16.09 | 817 | 16.07 | +0.08 +0.50% |
| 11/12/2024 03:00 PM | 15.82 | 15.83 | 15.81 | 15.81 | 10,575 | 15.82 | -0.01 -0.06% |
| 11/11/2024 07:00 PM | 15.68 | 15.68 | 15.60 | 15.60 | 2,475 | 15.68 | -0.08 -0.51% |
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Experience Excellence NowFrequently Asked Questions
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The liquidity of SDP is determined by its trading volume and bid-ask spread. Generally, higher trading volumes indicate better liquidity, which can lead to more favorable trading conditions for investors.
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Key performance metrics include the fund’s yield to maturity, duration, and credit quality of the underlying bonds. Performance is also evaluated based on total return, which includes interest income and capital appreciation or depreciation.
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In market downturns, SDP’s performance can be affected by declines in the credit quality of high-yield bonds and overall market conditions. Short-duration bonds can help mitigate some interest rate risks, but credit risk remains significant.
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Historical performance includes data on past returns, yield, and comparison to its benchmark. Historical performance provides insights but does not guarantee future results.
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Risks include credit risk, as the ETF invests in high-yield (junk) bonds, interest rate risk, and liquidity risk. Short-duration bonds typically have lower interest rate sensitivity, but the high-yield nature introduces higher credit risk.
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SDP is managed by Invesco. The fund invests primarily in high-yield, short-duration corporate bonds, selecting securities based on credit quality and duration. The goal is to offer a higher yield compared to investment-grade bonds with lower sensitivity to interest rate changes.
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Similar ETFs include: HYG (iShares iBoxx $ High Yield Corporate Bond ETF): Focuses on high-yield corporate bonds. JNK (SPDR Bloomberg Barclays High Yield Bond ETF): Invests in high-yield corporate bonds with a longer duration. SHYG (iShares Short-Term High Yield Bond ETF): Targets short-term high-yield bonds similar to SDP.
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Factors include changes in interest rates, credit quality of the underlying bonds, market conditions, and overall economic factors. Short-duration bonds generally have less sensitivity to interest rate changes but are still affected by credit risk.
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SDP distributes dividends on a quarterly basis. These dividends are derived from the income earned on the underlying bonds in the portfolio.
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SDP's performance is compared to other high-yield bond ETFs and short-duration bond funds. Its performance may differ due to its focus on short-duration high-yield bonds, which can provide higher yield but with different risk and return characteristics compared to investment-grade bonds or long-duration bonds.
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