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Asset Summary

Daily Performance Report for VOO ETF: Nov 16, 2024

Summary: The day started with VOO ETF opening at $538.65 and closing at $538.99. The ETF showed resilience throughout the day, with the highest price observed at $539.44 and the lowest at $538.65. The underlying asset had a trading range of $0.79 Overall, it was a positive trading day for VOO ETF, reflecting investor optimism and market activity.

Change in Closing Price: There was a net increase of $0.34 or 0.06% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for VOO ETF was 1,316 units during Nov 16, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $538.65.

Highest Price: The highest price observed during the day was $539.44.

Lowest Price: The lowest price observed during the day was $538.65.

Closing Price: The day ended at $538.99.

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

VOO adjusts its holdings to reflect any stock splits or rebalancing events in the S&P 500 Index. This is part of its passive management strategy to ensure that it continues to track the performance of the index accurately.

Similar ETFs to VOO include the SPDR S&P 500 ETF Trust (SPY), which also tracks the S&P 500 Index, and the iShares Core S&P 500 ETF (IVV), which aims to achieve similar exposure to the S&P 500. These ETFs have similar objectives but may differ in terms of expense ratios and fund structures.

VOO is managed by Vanguard Group. The fund uses a passive management strategy, meaning it attempts to mirror the performance of the S&P 500 Index by holding the same stocks in similar proportions as the index. Vanguard aims to achieve this with low tracking error and minimal turnover.

Yes, VOO can be held in retirement accounts such as IRAs or 401(k)s. Its broad market exposure and low expense ratio make it a popular choice for long-term investment strategies in retirement accounts.

Investors can purchase shares of VOO through a brokerage account, just like other stocks and ETFs. It is traded on the New York Stock Exchange (NYSE) under the ticker symbol "VOO."

Factors affecting VOO’s performance include changes in the S&P 500 Index, overall market conditions, economic indicators, and company earnings within the index. Additionally, the ETF’s performance might be slightly impacted by its expense ratio and tracking error.

Key performance metrics for VOO include its net asset value (NAV), expense ratio, total return, and tracking error. NAV represents the per-share value of the ETF, the expense ratio reflects the annual cost of managing the fund, total return measures overall performance including dividends, and tracking error indicates how closely VOO tracks the S&P 500 Index.

VOO is designed to closely match the performance of the S&P 500 Index. Any deviations from the index’s performance are minimal, due to the ETF’s passive management approach. VOO aims to deliver returns that are very similar to those of the S&P 500, net of fees.

VOO differs from other S&P 500 ETFs mainly in its expense ratio and management style. For example, the SPDR S&P 500 ETF Trust (SPY) is another S&P 500 ETF but has a higher expense ratio compared to VOO. VOO and SPY aim to track the same index, but their costs and some structural aspects may vary.

Risks associated with investing in VOO include market risk, as the fund's performance is closely tied to the performance of the S&P 500 Index. This means it is subject to fluctuations in the broader U.S. stock market. Additionally, as VOO aims to track the index, it will mirror the performance of the market, including potential declines.

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