SBAC

$203.56 0.31% $0.62
Dec 20, 2024 20:00 PM

SBA Communications is a leading independent owner and operator of wireless communications infrastructure, including towers and rooftops.

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Asset Summary

Daily Performance Report for SBAC ETF: Dec 21, 2024

Summary: The day started with SBAC ETF opening at $204.51 and closing at $204.51. The ETF showed stability throughout the day, with the highest price observed at $204.51 and the lowest at $204.51. The underlying asset had a trading range of $0.00 Overall, it was a neutral trading day for SBAC ETF, reflecting stability in market activity.

Change in Closing Price: There was a net no change in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for SBAC ETF was 300 units during Dec 21, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $204.51.

Highest Price: The highest price observed during the day was $204.51.

Lowest Price: The lowest price observed during the day was $204.51.

Closing Price: The day ended at $204.51.

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.

1 Month Trailing Return

-7.23%

Represents the percentage change in asset value over the past month.

3 Month Trailing Return

-15.37%

Indicates the percentage change in asset value over the last three months.

Period Max Drawdown

27.01%

The highest percentage drop from the peak value to the lowest point during the observed period.

Standard Deviation

26.43%

Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.

Sharpe Ratio

-0.74

Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.

Calmar Ratio

-0.72

The ratio of the annualized return to the maximum drawdown, reflecting the return per unit of risk.

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

SBA generates revenue primarily through leasing space on its towers to wireless service providers.

Technology plays a crucial role in SBA’s operations by enhancing network performance, monitoring systems, and managing assets efficiently.

SBA aims to be a leader in the wireless infrastructure industry by continuously expanding its portfolio and adapting to market needs.

SBA focuses on expanding its tower portfolio through acquisitions, new builds, and organic growth from leasing agreements.

SBA’s primary customers are wireless service providers and carriers that lease space on its towers for their equipment.

SBA Communications owns and operates over 18,000 towers across North America and other regions.

SBA manages site development through strategic planning, permitting, and working with local communities to secure approvals.

SBA is committed to sustainability by implementing eco-friendly practices in its operations and tower management.

SBA Communications was founded in 1989.

SBA supports 5G deployment by providing infrastructure needed for enhanced network coverage and capacity.

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