Weekly Performance Report for WANT ETF: Week 45, 2024
Summary: The Weekly started with WANT ETF opening at $39.41 and closing at $45.65. The ETF showed resilience throughout the Weekly, with the highest price observed at $45.74 and the lowest at $39.38. The underlying asset had a trading range of $6.36 Overall, it was a positive trading Weekly for WANT ETF, reflecting investor optimism and market activity.
Change in Closing Price: There was a net increase of $6.24 or 15.83% in the closing price from the opening to the closing price over the Weekly.
Volume Analysis: Trading volume for WANT ETF was 105,942 units during Week 45, indicating active market participation and investor interest.
Opening Price: The Weekly started at $39.41.
Highest Price: The highest price observed during the Weekly was $45.74.
Lowest Price: The lowest price observed during the Weekly was $39.38.
Closing Price: The Weekly ended at $45.65.
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.
21.51%
Represents the percentage change in asset value over the past month.
76.25%
Indicates the percentage change in asset value over the last three months.
35.09%
The highest percentage drop from the peak value to the lowest point during the observed period.
54.13%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
0.96
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
1.48
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 | 45.30 | 45.74 | 45.30 | 45.62 | 11,365 | 45.54 | +0.32 +0.71% |
11/06/2024 07:00 PM | 45.20 | 45.34 | 45.11 | 45.18 | 5,291 | 45.19 | -0.02 -0.04% |
11/06/2024 06:00 PM | 45.07 | 45.32 | 45.07 | 45.25 | 4,154 | 45.22 | +0.18 +0.40% |
11/06/2024 05:00 PM | 44.85 | 45.01 | 44.80 | 45.01 | 2,981 | 44.91 | +0.16 +0.36% |
11/06/2024 04:00 PM | 44.18 | 44.76 | 44.03 | 44.76 | 2,947 | 44.53 | +0.58 +1.31% |
11/06/2024 03:00 PM | 43.81 | 44.71 | 43.81 | 44.33 | 7,770 | 44.32 | +0.52 +1.19% |
11/05/2024 08:00 PM | 41.44 | 41.58 | 41.29 | 41.58 | 13,857 | 41.43 | +0.14 +0.34% |
11/05/2024 07:00 PM | 41.47 | 41.47 | 41.47 | 41.47 | 100 | 41.47 | 0.00 0.00% |
11/05/2024 06:00 PM | 41.58 | 41.62 | 41.36 | 41.36 | 1,993 | 41.56 | -0.22 -0.53% |
11/05/2024 05:00 PM | 41.22 | 41.67 | 41.22 | 41.64 | 4,992 | 41.56 | +0.42 +1.02% |
11/05/2024 04:00 PM | 41.00 | 41.24 | 40.96 | 41.20 | 3,839 | 41.04 | +0.20 +0.49% |
11/05/2024 03:00 PM | 40.85 | 40.98 | 40.81 | 40.81 | 1,695 | 40.86 | -0.04 -0.10% |
11/04/2024 08:00 PM | 39.57 | 39.67 | 39.57 | 39.67 | 3,449 | 39.66 | +0.10 +0.25% |
11/04/2024 07:00 PM | 39.66 | 39.76 | 39.66 | 39.76 | 550 | 39.69 | +0.10 +0.25% |
11/04/2024 06:00 PM | 39.79 | 39.79 | 39.79 | 39.79 | 451 | 39.79 | 0.00 0.00% |
11/04/2024 05:00 PM | 39.52 | 39.55 | 39.38 | 39.38 | 2,627 | 39.51 | -0.14 -0.35% |
11/04/2024 04:00 PM | 39.61 | 39.61 | 39.61 | 39.61 | 111 | 39.61 | 0.00 0.00% |
11/04/2024 03:00 PM | 40.36 | 40.52 | 40.28 | 40.52 | 4,954 | 40.38 | +0.16 +0.40% |
11/01/2024 07:00 PM | 40.28 | 40.33 | 39.97 | 40.00 | 1,562 | 40.18 | -0.28 -0.70% |
11/01/2024 06:00 PM | 40.00 | 40.00 | 40.00 | 40.00 | 175 | 40.00 | 0.00 0.00% |
11/01/2024 04:00 PM | 40.70 | 40.72 | 40.09 | 40.09 | 5,293 | 40.67 | -0.61 -1.50% |
11/01/2024 03:00 PM | 40.99 | 41.04 | 40.50 | 40.50 | 2,821 | 40.79 | -0.49 -1.20% |
11/01/2024 02:00 PM | 40.43 | 41.07 | 40.35 | 40.89 | 3,253 | 40.82 | +0.46 +1.14% |
10/31/2024 07:00 PM | 38.40 | 38.54 | 38.10 | 38.14 | 8,358 | 38.30 | -0.26 -0.68% |
10/31/2024 06:00 PM | 38.24 | 38.24 | 38.20 | 38.20 | 208 | 38.22 | -0.04 -0.10% |
10/31/2024 05:00 PM | 38.50 | 38.50 | 38.50 | 38.50 | 801 | 38.50 | 0.00 0.00% |
10/31/2024 04:00 PM | 38.58 | 38.66 | 38.51 | 38.55 | 7,130 | 38.57 | -0.03 -0.08% |
10/31/2024 03:00 PM | 38.44 | 38.45 | 38.27 | 38.30 | 3,110 | 38.39 | -0.14 -0.36% |
10/31/2024 02:00 PM | 39.15 | 39.15 | 38.54 | 38.54 | 2,946 | 38.75 | -0.61 -1.56% |
10/30/2024 07:00 PM | 40.22 | 40.22 | 40.00 | 40.04 | 1,736 | 40.11 | -0.18 -0.45% |
10/30/2024 06:00 PM | 40.62 | 40.62 | 40.62 | 40.62 | 100 | 40.62 | 0.00 0.00% |
10/30/2024 04:00 PM | 40.84 | 40.84 | 40.83 | 40.83 | 2,888 | 40.83 | -0.01 -0.02% |
10/30/2024 03:00 PM | 40.76 | 40.95 | 40.76 | 40.95 | 225 | 40.85 | +0.19 +0.47% |
10/30/2024 02:00 PM | 40.54 | 40.80 | 40.50 | 40.80 | 2,350 | 40.67 | +0.26 +0.64% |
10/29/2024 07:00 PM | 40.28 | 40.29 | 40.20 | 40.20 | 1,218 | 40.24 | -0.08 -0.20% |
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Experience Excellence NowWANT typically distributes dividends on a quarterly basis. These dividends are derived from the income generated by the underlying securities in the ETF’s portfolio.
Risks include market risk, sector risk (financials), and country-specific risk associated with China. WANT's performance is influenced by the Chinese financial sector and broader economic conditions in China, which can lead to significant volatility.
Similar ETFs to WANT include: KWEB (KraneShares CSI China Internet ETF), which provides exposure to Chinese technology and internet companies; FXI (iShares China Large-Cap ETF), which offers exposure to large-cap Chinese companies, including those in the financial sector; and CNYA (iShares China A-Shares ETF), which focuses on Chinese A-shares, including financial sector stocks.
Factors influencing WANT’s performance include changes in the Chinese financial sector, economic conditions in China, regulatory developments, and overall market sentiment. Global economic trends and geopolitical events can also impact the ETF’s performance.
WANT has an expense ratio of approximately 0.65%. This fee covers the costs associated with managing the fund, including administrative and operational expenses, expressed as a percentage of the fund’s average net assets.
WANT aims to closely track the performance of the MSCI China Financials Index. Performance differences may arise due to tracking error, fund expenses, and liquidity factors. Regular performance reports and fund fact sheets provide details on how closely the ETF mirrors the index.
Yes, WANT can be held in retirement accounts such as IRAs or 401(k)s. However, due to its focus on the Chinese financial sector and its associated risks, it is important to consider how it fits within your overall investment strategy and risk tolerance.
Key performance metrics for WANT include its net asset value (NAV), expense ratio, tracking error, and total return relative to the MSCI China Financials Index. Investors should also consider the ETF’s volatility, liquidity, and trading volume.
Investors can purchase shares of WANT through a brokerage account. The ETF is traded on major stock exchanges under the ticker symbol "WANT" and can be bought and sold like other stocks and ETFs.
WANT’s performance is heavily influenced by the performance of the Chinese financial sector. Factors such as regulatory changes, economic conditions in China, and market sentiment towards Chinese financial stocks can significantly impact the ETF’s performance.
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