Weekly Performance Report for SMN ETF: Week 45, 2024
Summary: The Weekly started with SMN ETF opening at $6.8 and closing at $6.62. The ETF showed weakness throughout the Weekly, with the highest price observed at $6.91 and the lowest at $6.48. The underlying asset had a trading range of $0.43 Overall, it was a negative trading Weekly for SMN ETF, reflecting investor pessimism and market activity.
Change in Closing Price: There was a net decrease of $-0.18 or -2.65% in the closing price from the opening to the closing price over the Weekly.
Volume Analysis: Trading volume for SMN ETF was 34,506 units during Week 45, indicating active market participation and investor interest.
Opening Price: The Weekly started at $6.8.
Highest Price: The highest price observed during the Weekly was $6.91.
Lowest Price: The lowest price observed during the Weekly was $6.48.
Closing Price: The Weekly ended at $6.62.
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.
-0.30%
Represents the percentage change in asset value over the past month.
-16.10%
Indicates the percentage change in asset value over the last three months.
31.37%
The highest percentage drop from the peak value to the lowest point during the observed period.
27.82%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
-0.77
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
-0.69
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 |
---|---|---|---|---|---|---|---|
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 | 6.61 | 6.63 | 6.61 | 6.62 | 4,241 | 6.62 | +0.01 +0.15% |
11/06/2024 07:00 PM | 6.58 | 6.60 | 6.58 | 6.60 | 8,735 | 6.60 | +0.02 +0.30% |
11/06/2024 06:00 PM | 6.59 | 6.59 | 6.59 | 6.59 | 100 | 6.59 | 0.00 0.00% |
11/06/2024 04:00 PM | 6.64 | 6.64 | 6.62 | 6.64 | 490 | 6.63 | 0.00 0.00% |
11/05/2024 08:00 PM | 6.84 | 6.85 | 6.82 | 6.82 | 1,310 | 6.83 | -0.02 -0.29% |
11/05/2024 05:00 PM | 6.79 | 6.79 | 6.79 | 6.79 | 101 | 6.79 | 0.00 0.00% |
11/05/2024 04:00 PM | 6.83 | 6.83 | 6.81 | 6.81 | 2,705 | 6.82 | -0.02 -0.29% |
11/05/2024 03:00 PM | 6.84 | 6.84 | 6.82 | 6.82 | 2,022 | 6.84 | -0.02 -0.29% |
11/04/2024 08:00 PM | 6.87 | 6.87 | 6.86 | 6.87 | 3,256 | 6.87 | 0.00 0.00% |
11/04/2024 06:00 PM | 6.88 | 6.88 | 6.88 | 6.88 | 100 | 6.88 | 0.00 0.00% |
11/04/2024 05:00 PM | 6.90 | 6.90 | 6.90 | 6.90 | 2,900 | 6.90 | 0.00 0.00% |
11/04/2024 04:00 PM | 6.91 | 6.91 | 6.91 | 6.91 | 294 | 6.91 | 0.00 0.00% |
11/04/2024 03:00 PM | 6.76 | 6.76 | 6.76 | 6.76 | 442 | 6.76 | 0.00 0.00% |
11/01/2024 07:00 PM | 6.91 | 6.91 | 6.91 | 6.91 | 484 | 6.91 | 0.00 0.00% |
11/01/2024 06:00 PM | 6.89 | 6.90 | 6.89 | 6.90 | 2,460 | 6.89 | +0.01 +0.15% |
11/01/2024 05:00 PM | 6.87 | 6.91 | 6.87 | 6.91 | 1,120 | 6.89 | +0.04 +0.58% |
11/01/2024 04:00 PM | 6.88 | 6.88 | 6.88 | 6.88 | 175 | 6.88 | 0.00 0.00% |
11/01/2024 03:00 PM | 6.91 | 6.91 | 6.91 | 6.91 | 111 | 6.91 | 0.00 0.00% |
10/31/2024 07:00 PM | 6.83 | 6.87 | 6.83 | 6.87 | 1,211 | 6.83 | +0.04 +0.59% |
10/31/2024 06:00 PM | 6.81 | 6.81 | 6.81 | 6.81 | 100 | 6.81 | 0.00 0.00% |
10/31/2024 05:00 PM | 6.80 | 6.80 | 6.80 | 6.80 | 200 | 6.80 | 0.00 0.00% |
10/31/2024 03:00 PM | 6.80 | 6.80 | 6.80 | 6.80 | 100 | 6.80 | 0.00 0.00% |
10/30/2024 07:00 PM | 6.68 | 6.68 | 6.68 | 6.68 | 100 | 6.68 | 0.00 0.00% |
10/30/2024 06:00 PM | 6.67 | 6.67 | 6.67 | 6.67 | 190 | 6.67 | 0.00 0.00% |
10/30/2024 02:00 PM | 6.61 | 6.66 | 6.61 | 6.66 | 2,275 | 6.63 | +0.05 +0.76% |
10/29/2024 06:00 PM | 6.74 | 6.74 | 6.74 | 6.74 | 100 | 6.74 | 0.00 0.00% |
10/29/2024 04:00 PM | 6.75 | 6.75 | 6.75 | 6.75 | 700 | 6.75 | 0.00 0.00% |
10/29/2024 03:00 PM | 6.73 | 6.73 | 6.73 | 6.73 | 106 | 6.73 | 0.00 0.00% |
10/29/2024 02:00 PM | 6.70 | 6.70 | 6.69 | 6.69 | 453 | 6.70 | -0.01 -0.15% |
10/28/2024 07:00 PM | 6.67 | 6.67 | 6.67 | 6.67 | 500 | 6.67 | 0.00 0.00% |
10/28/2024 06:00 PM | 6.69 | 6.69 | 6.68 | 6.68 | 1,201 | 6.68 | -0.01 -0.15% |
10/28/2024 04:00 PM | 6.69 | 6.69 | 6.69 | 6.69 | 100 | 6.69 | 0.00 0.00% |
10/28/2024 03:00 PM | 6.69 | 6.69 | 6.69 | 6.69 | 200 | 6.69 | 0.00 0.00% |
10/28/2024 02:00 PM | 6.67 | 6.67 | 6.67 | 6.67 | 1,504 | 6.67 | 0.00 0.00% |
10/25/2024 07:00 PM | 6.77 | 6.77 | 6.77 | 6.77 | 590 | 6.77 | 0.00 0.00% |
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Enhance Your Trading NowFactors include changes in the underlying Dow Jones U.S. Basic Materials Index, market volatility, interest rates, and the performance of the leveraged instruments used in the fund. The fund’s performance is also influenced by the daily rebalancing of leverage.
Key performance metrics include the fund's daily return relative to its target (which is -2x the performance of the Dow Jones U.S. Basic Materials Index), tracking error, and volatility. Performance is typically evaluated on a daily basis, and long-term performance may differ due to the effects of compounding.
SMN generally does not distribute dividends. As an inverse leveraged ETF, its primary focus is on achieving its daily performance objectives rather than providing income through dividends.
Similar ETFs include: SRS (ProShares UltraShort Real Estate): Provides -2x the daily performance of the Dow Jones U.S. Real Estate Index. SH (ProShares Short S&P 500): Provides -1x the daily performance of the S&P 500 Index. SQQQ (ProShares UltraPro Short QQQ): Provides -3x the daily performance of the NASDAQ-100 Index.
Risks include high volatility, leverage risk, and compounding effects. Due to its use of leverage and derivatives, SMN may experience amplified losses as well as gains. It is designed for short-term trading and may not perform as expected over longer periods.
While technically possible, SMN is generally not recommended for retirement accounts due to its high volatility and leverage. It is more suited for short-term trading rather than long-term investing.
SMN's performance is compared to other leveraged inverse ETFs that target different sectors or indices. Its performance may differ from similar funds based on the underlying index and the level of leverage used. It is important to compare SMN with other funds that use similar strategies and focus on the basic materials sector.
In market downturns, SMN is designed to gain value when the Dow Jones U.S. Basic Materials Index falls. Due to its leveraged inverse strategy, it aims to provide amplified returns in the opposite direction of the index. However, its performance can be volatile and may not always align perfectly with the inverse multiple of the index's daily return.
Historical performance includes data on past returns, both positive and negative, based on the fund’s objective to deliver -2x the daily performance of the Dow Jones U.S. Basic Materials Index. Historical performance should be reviewed with the understanding that past results do not guarantee future performance.
SMN can be purchased through brokerage accounts like other ETFs. It is traded on major stock exchanges, and investors can buy shares through a broker or trading platform.
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