Weekly Performance Report for SDS ETF: Week 47, 2024
Summary: The Weekly started with SDS ETF opening at $19.88 and closing at $19.43. The ETF showed weakness throughout the Weekly, with the highest price observed at $20.17 and the lowest at $19.39. The underlying asset had a trading range of $0.78 Overall, it was a negative trading Weekly for SDS ETF, reflecting investor pessimism and market activity.
Change in Closing Price: There was a net decrease of $-0.45 or -2.26% in the closing price from the opening to the closing price over the Weekly.
Volume Analysis: Trading volume for SDS ETF was 53,006,132 units during Week 47, indicating active market participation and investor interest.
Opening Price: The Weekly started at $19.88.
Highest Price: The highest price observed during the Weekly was $20.17.
Lowest Price: The lowest price observed during the Weekly was $19.39.
Closing Price: The Weekly ended at $19.43.
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.
-5.17%
Represents the percentage change in asset value over the past month.
-10.83%
Indicates the percentage change in asset value over the last three months.
38.23%
The highest percentage drop from the peak value to the lowest point during the observed period.
25.08%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
-1.84
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
-1.20
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 |
---|---|---|---|---|---|---|---|
11/22/2024 06:00 PM | 19.42 | 19.43 | 19.39 | 19.42 | 303,926 | 19.41 | 0.00 0.00% |
11/22/2024 05:00 PM | 19.46 | 19.48 | 19.41 | 19.41 | 1,631,749 | 19.44 | -0.05 -0.26% |
11/22/2024 04:00 PM | 19.41 | 19.55 | 19.41 | 19.46 | 1,560,125 | 19.48 | +0.05 +0.26% |
11/22/2024 03:00 PM | 19.41 | 19.58 | 19.40 | 19.42 | 2,185,323 | 19.49 | +0.01 +0.05% |
11/21/2024 08:00 PM | 19.47 | 19.54 | 19.43 | 19.54 | 2,986,430 | 19.50 | +0.07 +0.36% |
11/21/2024 07:00 PM | 19.48 | 19.54 | 19.46 | 19.47 | 1,832,706 | 19.49 | -0.01 -0.05% |
11/21/2024 06:00 PM | 19.53 | 19.53 | 19.46 | 19.48 | 1,963,995 | 19.49 | -0.05 -0.26% |
11/21/2024 05:00 PM | 19.65 | 19.71 | 19.49 | 19.54 | 2,456,648 | 19.57 | -0.11 -0.56% |
11/21/2024 04:00 PM | 19.66 | 19.71 | 19.56 | 19.65 | 2,721,453 | 19.64 | -0.01 -0.05% |
11/21/2024 03:00 PM | 19.79 | 19.94 | 19.66 | 19.66 | 3,437,291 | 19.81 | -0.13 -0.66% |
11/20/2024 08:00 PM | 19.94 | 19.96 | 19.72 | 19.74 | 2,185,287 | 19.80 | -0.20 -1.00% |
11/20/2024 07:00 PM | 19.99 | 20.02 | 19.91 | 19.94 | 956,458 | 19.96 | -0.05 -0.25% |
11/20/2024 06:00 PM | 19.97 | 20.02 | 19.92 | 19.99 | 1,300,442 | 19.97 | +0.02 +0.10% |
11/20/2024 05:00 PM | 19.88 | 20.02 | 19.86 | 19.97 | 1,464,137 | 19.93 | +0.09 +0.45% |
11/20/2024 04:00 PM | 19.94 | 20.07 | 19.85 | 19.88 | 2,163,201 | 19.98 | -0.06 -0.30% |
11/20/2024 03:00 PM | 19.94 | 20.13 | 19.89 | 19.94 | 2,676,220 | 20.01 | 0.00 0.00% |
11/19/2024 08:00 PM | 19.79 | 19.81 | 19.72 | 19.75 | 2,152,523 | 19.77 | -0.04 -0.20% |
11/19/2024 07:00 PM | 19.70 | 19.83 | 19.69 | 19.79 | 1,803,987 | 19.77 | +0.09 +0.46% |
11/19/2024 06:00 PM | 19.82 | 19.85 | 19.69 | 19.71 | 1,278,627 | 19.77 | -0.11 -0.55% |
11/19/2024 05:00 PM | 19.84 | 19.90 | 19.79 | 19.82 | 1,375,732 | 19.84 | -0.02 -0.10% |
11/19/2024 04:00 PM | 19.92 | 19.92 | 19.81 | 19.85 | 1,530,102 | 19.85 | -0.07 -0.35% |
11/19/2024 03:00 PM | 20.09 | 20.13 | 19.89 | 19.91 | 2,143,767 | 20.01 | -0.18 -0.90% |
11/18/2024 08:00 PM | 19.89 | 19.93 | 19.86 | 19.88 | 1,663,112 | 19.89 | -0.01 -0.05% |
11/18/2024 07:00 PM | 19.87 | 19.95 | 19.86 | 19.89 | 995,774 | 19.91 | +0.02 +0.10% |
11/18/2024 06:00 PM | 19.85 | 19.96 | 19.84 | 19.86 | 1,066,453 | 19.89 | +0.01 +0.05% |
11/18/2024 05:00 PM | 19.87 | 19.91 | 19.84 | 19.85 | 1,498,851 | 19.88 | -0.02 -0.10% |
11/18/2024 04:00 PM | 19.88 | 19.90 | 19.79 | 19.87 | 1,457,169 | 19.84 | -0.01 -0.05% |
11/18/2024 03:00 PM | 20.05 | 20.06 | 19.86 | 19.87 | 1,954,840 | 19.94 | -0.18 -0.90% |
11/15/2024 08:00 PM | 20.09 | 20.10 | 20.00 | 20.04 | 2,731,384 | 20.05 | -0.05 -0.25% |
11/15/2024 07:00 PM | 20.12 | 20.15 | 20.03 | 20.09 | 2,023,560 | 20.09 | -0.03 -0.15% |
11/15/2024 06:00 PM | 20.05 | 20.17 | 20.04 | 20.12 | 1,496,758 | 20.09 | +0.07 +0.35% |
11/15/2024 05:00 PM | 20.03 | 20.11 | 20.02 | 20.06 | 1,618,144 | 20.06 | +0.03 +0.15% |
11/15/2024 04:00 PM | 20.00 | 20.05 | 19.93 | 20.04 | 1,817,319 | 19.98 | +0.04 +0.20% |
11/15/2024 03:00 PM | 19.85 | 20.02 | 19.85 | 19.99 | 3,270,109 | 19.95 | +0.14 +0.71% |
11/14/2024 08:00 PM | 19.40 | 19.56 | 19.40 | 19.51 | 2,291,031 | 19.50 | +0.11 +0.57% |
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Maximize Results NowFactors affecting SDS’s performance include market conditions, changes in the S&P 500 Index, and the impact of leverage and daily rebalancing. Volatility and compounding effects can lead to deviations from the intended -2x return over time.
Key performance metrics for SDS include its net asset value (NAV), expense ratio, total return, and tracking error. NAV reflects the per-share value of the ETF, the expense ratio indicates the cost of managing the fund, total return measures overall performance including dividends, and tracking error shows how closely SDS tracks its -2x performance objective.
The historical performance of SDS reflects its objective to provide twice the inverse of the daily return of the S&P 500 Index. While it can achieve this over short periods, the long-term performance may vary due to the effects of leverage, daily rebalancing, and compounding.
Investors can purchase shares of SDS through a brokerage account, similar to other stocks and ETFs. It is traded on the New York Stock Exchange (NYSE) under the ticker symbol "SDS."
Similar ETFs to SDS include ProShares UltraPro Short S&P 500 ETF (SPXU), which seeks to provide three times (3x) the inverse daily return of the S&P 500 Index, and Direxion Daily S&P 500 Bear 3x Shares (SPXS), which also aims to deliver three times the inverse daily performance of the S&P 500 Index.
Risks associated with SDS include leverage risk, market risk, and tracking error. The use of leverage can amplify both gains and losses, leading to increased volatility. Daily rebalancing and compounding effects can result in performance deviations from the intended -2x return over longer periods.
SDS aims to provide twice the inverse of the daily return of the S&P 500 Index. This means that if the S&P 500 Index decreases by 1% in a day, SDS seeks to increase by 2%. Conversely, if the S&P 500 Index increases, SDS aims to decrease by twice that amount. Due to daily rebalancing and compounding effects, the long-term performance may deviate from -2x the cumulative return of the S&P 500.
SDS is managed by ProShares. The fund uses leverage and financial derivatives such as futures contracts and swaps to achieve its goal of providing twice the inverse of the daily return of the S&P 500 Index. The ETF is rebalanced daily to maintain the -2x leverage ratio.
SDS distributes dividends on a quarterly basis. These dividends come from the income generated by the underlying securities in the fund’s portfolio, adjusted for the ETF’s leveraged and inverse position.
As of the latest update, SDS has an expense ratio of approximately 0.89%. This fee covers the costs associated with managing the fund, including the costs of leveraging and maintaining the inverse exposure.
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