Daily Performance Report for UWM ETF: Nov 6, 2024
Summary: The day started with UWM ETF opening at $43.99 and closing at $48.8. The ETF showed resilience throughout the day, with the highest price observed at $49.85 and the lowest at $43.99. The underlying asset had a trading range of $5.86 Overall, it was a positive trading day for UWM ETF, reflecting investor optimism and market activity.
Change in Closing Price: There was a net increase of $4.81 or 10.93% in the closing price from the opening to the closing price over the day.
Volume Analysis: Trading volume for UWM ETF was 2,123,235 units during Nov 6, 2024, indicating active market participation and investor interest.
Opening Price: The day started at $43.99.
Highest Price: The highest price observed during the day was $49.85.
Lowest Price: The lowest price observed during the day was $43.99.
Closing Price: The day ended at $48.8.
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.
5.66%
Represents the percentage change in asset value over the past month.
17.72%
Indicates the percentage change in asset value over the last three months.
19.87%
The highest percentage drop from the peak value to the lowest point during the observed period.
40.14%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
0.66
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
1.32
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 |
---|---|---|---|---|---|---|---|
11/06/2024 08:00 PM | 48.75 | 49.06 | 48.68 | 48.93 | 214,119 | 48.92 | +0.18 +0.37% |
11/06/2024 07:00 PM | 48.70 | 48.93 | 48.64 | 48.73 | 119,981 | 48.82 | +0.03 +0.06% |
11/06/2024 06:00 PM | 48.51 | 48.85 | 48.51 | 48.71 | 64,586 | 48.65 | +0.20 +0.41% |
11/06/2024 05:00 PM | 48.20 | 48.53 | 48.07 | 48.51 | 73,296 | 48.32 | +0.31 +0.64% |
11/06/2024 04:00 PM | 47.91 | 48.18 | 47.66 | 48.17 | 74,958 | 47.90 | +0.26 +0.54% |
11/06/2024 03:00 PM | 47.59 | 48.55 | 47.47 | 47.84 | 264,009 | 48.11 | +0.25 +0.53% |
11/05/2024 08:00 PM | 43.36 | 43.84 | 43.34 | 43.84 | 45,790 | 43.73 | +0.48 +1.11% |
11/05/2024 07:00 PM | 43.30 | 43.61 | 43.30 | 43.43 | 35,519 | 43.42 | +0.13 +0.30% |
11/05/2024 06:00 PM | 43.13 | 43.28 | 43.05 | 43.27 | 32,888 | 43.17 | +0.14 +0.32% |
11/05/2024 05:00 PM | 43.09 | 43.21 | 43.08 | 43.10 | 28,112 | 43.16 | +0.01 +0.02% |
11/05/2024 04:00 PM | 42.83 | 43.23 | 42.75 | 43.17 | 35,548 | 42.98 | +0.34 +0.79% |
11/05/2024 03:00 PM | 42.81 | 43.02 | 42.60 | 42.77 | 53,381 | 42.77 | -0.04 -0.09% |
11/04/2024 08:00 PM | 42.33 | 42.43 | 42.19 | 42.26 | 119,290 | 42.33 | -0.07 -0.17% |
11/04/2024 07:00 PM | 42.54 | 42.54 | 42.28 | 42.30 | 19,825 | 42.45 | -0.24 -0.56% |
11/04/2024 06:00 PM | 42.68 | 42.68 | 42.42 | 42.58 | 9,826 | 42.59 | -0.10 -0.23% |
11/04/2024 05:00 PM | 42.30 | 42.76 | 42.23 | 42.70 | 22,661 | 42.58 | +0.40 +0.95% |
11/04/2024 04:00 PM | 42.65 | 42.87 | 42.25 | 42.30 | 28,636 | 42.64 | -0.35 -0.82% |
11/04/2024 03:00 PM | 41.99 | 42.84 | 41.98 | 42.67 | 97,118 | 42.42 | +0.68 +1.62% |
11/01/2024 07:00 PM | 41.81 | 41.94 | 41.69 | 41.86 | 89,727 | 41.79 | +0.05 +0.12% |
11/01/2024 06:00 PM | 41.69 | 41.93 | 41.61 | 41.93 | 7,443 | 41.77 | +0.24 +0.58% |
11/01/2024 05:00 PM | 41.85 | 41.99 | 41.67 | 41.70 | 22,258 | 41.79 | -0.15 -0.36% |
11/01/2024 04:00 PM | 42.18 | 42.26 | 41.81 | 41.81 | 31,870 | 42.02 | -0.37 -0.88% |
11/01/2024 03:00 PM | 42.12 | 42.35 | 41.99 | 42.13 | 23,729 | 42.20 | +0.01 +0.02% |
11/01/2024 02:00 PM | 42.39 | 42.57 | 41.94 | 42.14 | 77,345 | 42.22 | -0.25 -0.59% |
10/31/2024 07:00 PM | 41.99 | 42.00 | 41.36 | 41.36 | 186,543 | 41.77 | -0.63 -1.50% |
10/31/2024 06:00 PM | 42.05 | 42.10 | 41.82 | 41.95 | 64,078 | 41.96 | -0.10 -0.24% |
10/31/2024 05:00 PM | 42.05 | 42.31 | 41.99 | 42.06 | 18,545 | 42.14 | +0.01 +0.02% |
10/31/2024 04:00 PM | 42.06 | 42.28 | 41.99 | 42.03 | 40,004 | 42.15 | -0.03 -0.07% |
10/31/2024 03:00 PM | 41.78 | 42.07 | 41.63 | 42.04 | 42,202 | 41.79 | +0.26 +0.62% |
10/31/2024 02:00 PM | 42.38 | 42.54 | 41.81 | 41.83 | 149,882 | 42.24 | -0.55 -1.30% |
10/30/2024 07:00 PM | 43.26 | 43.26 | 42.82 | 42.86 | 55,288 | 42.99 | -0.40 -0.92% |
10/30/2024 06:00 PM | 43.29 | 43.46 | 43.26 | 43.29 | 30,992 | 43.38 | 0.00 0.00% |
10/30/2024 05:00 PM | 43.36 | 43.51 | 43.22 | 43.27 | 10,580 | 43.33 | -0.09 -0.21% |
10/30/2024 04:00 PM | 43.53 | 43.53 | 43.34 | 43.34 | 9,283 | 43.42 | -0.19 -0.44% |
10/30/2024 03:00 PM | 43.50 | 43.65 | 43.40 | 43.56 | 35,904 | 43.49 | +0.06 +0.14% |
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Unlock Full Potential NowUWM is managed by ProShares. The fund employs a leveraged investment strategy that involves using financial derivatives and debt to amplify the returns of the S&P MidCap 400 Index. The management team seeks to provide 200% of the daily return of the index, but this leverage can also amplify losses.
UWM adjusts its holdings to reflect stock splits or changes in the S&P MidCap 400 Index. Due to its leveraged strategy, the fund also rebalances daily to maintain its target leverage ratio, which can impact its performance and tracking error.
Similar ETFs to UWM include the ProShares UltraShort MidCap400 (SMDD), which seeks to provide -200% of the daily performance of the S&P MidCap 400 Index, and the Direxion Daily Mid Cap Bull 2X Shares (MIDU), which also aims to provide 200% of the daily performance of the S&P MidCap 400 Index.
The historical performance of UWM reflects its leveraged objective to deliver twice the daily return of the S&P MidCap 400 Index. Due to the use of leverage, UWM’s performance may be more volatile and differ significantly from the performance of the index over longer periods. Investors should review historical performance with the understanding that past performance is not indicative of future results.
UWM distributes dividends on a quarterly basis. These dividends come from the income generated by the underlying mid-cap stocks and are paid to shareholders based on the number of shares they hold.
UWM differs from other mid-cap ETFs in that it is a leveraged fund, aiming to deliver 200% of the daily performance of the S&P MidCap 400 Index. Other mid-cap ETFs, such as the iShares Russell Mid-Cap ETF (IWR) or the SPDR S&P MidCap 400 ETF Trust (MDY), provide direct exposure to mid-cap stocks without the use of leverage, and typically have lower expense ratios.
Risks associated with investing in UWM include high volatility and the potential for significant losses due to its leveraged nature. The use of leverage can amplify both gains and losses, making UWM suitable primarily for short-term trading rather than long-term investing. Investors should be aware of the potential for significant fluctuations in value and the impact of daily rebalancing on performance.
Investors can purchase shares of UWM through a brokerage account, similar to other stocks and ETFs. It is traded on the New York Stock Exchange (NYSE) under the ticker symbol "UWM."
Yes, UWM can be held in retirement accounts such as IRAs or 401(k)s. However, due to its leveraged and volatile nature, it is generally recommended for short-term trading rather than long-term holding in retirement accounts.
As of the latest update, UWM has an expense ratio of approximately 0.93%. This fee covers the cost of managing the ETF and is higher than non-leveraged ETFs due to the complexities of managing leveraged positions.
Discover our curated selection of top-performing exchange-traded funds (ETFs) that represent a diverse range of investment opportunities.
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QQQ is an exchange-traded fund (ETF) that tracks the performance of the Nasdaq-100 Index. This index includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market, primarily focusing on technology and innovation sectors.
DIA is an exchange-traded fund (ETF) that aims to track the performance of the Dow Jones Industrial Average (DJIA). The DJIA is a stock market index consisting of 30 large, publicly traded companies in the United States, representing a broad range of industries.
IWM is an exchange-traded fund (ETF) that seeks to track the performance of the Russell 2000 Index. The Russell 2000 Index measures the performance of the 2,000 smallest stocks in the Russell 3000 Index, representing a broad segment of small-cap U.S. companies.
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