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Asset Summary

Daily Performance Report for SOXX ETF: Nov 21, 2024

Summary: The day started with SOXX ETF opening at $212 and closing at $210.31. The ETF showed weakness throughout the day, with the highest price observed at $212 and the lowest at $209.76. The underlying asset had a trading range of $2.24 Overall, it was a negative trading day for SOXX ETF, reflecting investor pessimism and market activity.

Change in Closing Price: There was a net decrease of $-1.69 or -0.80% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for SOXX ETF was 4,992 units during Nov 21, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $212.

Highest Price: The highest price observed during the day was $212.

Lowest Price: The lowest price observed during the day was $209.76.

Closing Price: The day ended at $210.31.

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

SOXX can be purchased through brokerage accounts just like other ETFs. It is listed on major stock exchanges under the ticker symbol "SOXX" and can be traded during regular market hours.

Historical performance data for SOXX includes its annual and cumulative returns, NAV performance, and comparison to the PHLX Semiconductor Sector Index. It is important to review this data to understand the ETF’s historical performance.

SOXX has an expense ratio of approximately 0.43%. This covers management fees, administrative costs, and other expenses associated with operating the ETF.

SOXX is managed by BlackRock and aims to provide investment results that correspond to the performance of the PHLX Semiconductor Sector Index. The ETF invests in a diversified portfolio of semiconductor-related companies.

SOXX typically distributes dividends on a quarterly basis. Dividends are derived from the income generated by the ETF’s underlying holdings.

The liquidity of SOXX is indicated by its average trading volume and bid-ask spread. Higher trading volumes generally suggest better liquidity, resulting in narrower spreads and lower trading costs.

Yes, SOXX can be held in retirement accounts such as IRAs or 401(k)s. It offers exposure to the semiconductor sector, which may be suitable for investors looking to diversify their portfolios.

Risks include sector-specific volatility, as SOXX is concentrated in the semiconductor industry, and general market risk. The ETF’s performance may be affected by factors impacting semiconductor companies.

SOXX aims to closely track the performance of the PHLX Semiconductor Sector Index. The ETF’s performance is generally expected to match the index’s performance, minus the expense ratio.

Factors include changes in semiconductor industry conditions, technological advancements, market demand for semiconductor products, and general economic conditions. Performance may also be affected by the ETF’s expense ratio and tracking error.

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