Share on :

Asset Summary

Daily Performance Report for RSPM ETF: Dec 9, 2024

Summary: The day started with RSPM ETF opening at $35.9 and closing at $35.71. The ETF showed weakness throughout the day, with the highest price observed at $36.19 and the lowest at $35.71. The underlying asset had a trading range of $0.48 Overall, it was a negative trading day for RSPM ETF, reflecting investor pessimism and market activity.

Change in Closing Price: There was a net decrease of $-0.19 or -0.53% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for RSPM ETF was 10,098 units during Dec 9, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $35.9.

Highest Price: The highest price observed during the day was $36.19.

Lowest Price: The lowest price observed during the day was $35.71.

Closing Price: The day ended at $35.71.

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.

Optimize Your RSPM Trading Now

Transform your approach to trading with Rank My Trade. Our automated system offers detailed metrics and technical analysis for RSPM, tailored to enhance your trading performance. Transform your trading strategy now and elevate your strategy today!

Maximize Results Now

Frequently Asked Questions

Key performance metrics for RSPM 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 indicates the cost of managing the fund, total return measures overall performance including dividends, and tracking error shows how closely RSPM follows the S&P 500 Equal Weight Materials Index.

Yes, investing in RSPM carries risks such as sector risk and volatility risk. The materials sector can be affected by fluctuations in commodity prices, economic conditions, and market volatility. The equal weighting approach can also result in higher volatility compared to market-cap-weighted indices.

Historically, RSPM’s performance reflects the trends in the materials sector, adjusted for the equal weighting of its constituents. Performance can vary based on commodity prices, economic conditions, and the financial health of individual companies within the sector.

RSPM includes materials companies that are part of the S&P 500 Index. These companies are involved in industries such as chemicals, construction materials, metals and mining, and paper and forest products. Each company in the index is given an equal weight.

RSPM is rebalanced quarterly to align with changes in the S&P 500 Equal Weight Materials Index. This rebalancing ensures that each constituent maintains an equal weight within the ETF.

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

Yes, RSPM can be held in retirement accounts such as IRAs or 401(k)s. It can be a suitable choice for investors seeking targeted exposure to the materials sector within their retirement portfolio.

RSPM is designed to closely track the performance of the S&P 500 Equal Weight Materials Index. Therefore, its performance should be very similar to that of the index, with minor variations due to tracking error and management fees.

Dividends received from the underlying securities in RSPM are collected and distributed to ETF shareholders. Investors can choose to receive dividends in cash or reinvest them to purchase additional shares of RSPM.

Similar ETFs to RSPM include the Materials Select Sector SPDR Fund (XLB) and the Invesco S&P 500 Equal Weight ETF (RSP). These ETFs also focus on materials stocks or use an equal weighting approach but may differ in their specific focus or index.

Advance Your RSPM Trading Now

Empower your trading with Rankmytrade. Our comprehensive platform delivers precise analysis and strategic insights for RSPM, designed to improve your trading outcomes. Transform your trading strategy now and unlock new opportunities with our advanced system!

Disclaimers

The information displayed on this site is sourced from third-party providers and is believed to be reliable. RankMyTrade (RMT) has not independently verified this data and does not guarantee its accuracy. The information and calculations provided by RankMyTrade are for educational and informational purposes only and should not be construed as financial or investment advice.

With any investment, your capital is at risk. The value of your portfolio go down as well as up. Past performance is no guarantee of future results. By using this website, you accept our Terms of Service, Privacy Policy, and Payment Agreement.

Market data is provided in near real-time when available, but we do not guarantee its accuracy or timeliness.

Securities products are: Not FDIC insured · Not bank guaranteed · May lose value

Trademarks and logos are the property of their respective owners and do not represent endorsements of any kind. Unless otherwise noted, RankMyTrade and its affiliates are not partners, affiliates, or licensees of these companies.

Supported Assets & ETFs