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Asset Summary

Weekly Performance Report for SBAC ETF: Week 50, 2024

Summary: The Weekly started with SBAC ETF opening at $220.38 and closing at $216.05. The ETF showed weakness throughout the Weekly, with the highest price observed at $225.06 and the lowest at $214.51. The underlying asset had a trading range of $10.55 Overall, it was a negative trading Weekly for SBAC ETF, reflecting investor pessimism and market activity.

Change in Closing Price: There was a net decrease of $-4.33 or -1.96% in the closing price from the opening to the closing price over the Weekly.

Volume Analysis: Trading volume for SBAC ETF was 3,430,124 units during Week 50, indicating active market participation and investor interest.

Opening Price: The Weekly started at $220.38.

Highest Price: The highest price observed during the Weekly was $225.06.

Lowest Price: The lowest price observed during the Weekly was $214.51.

Closing Price: The Weekly ended at $216.05.

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

Yes, SBA Communications is publicly traded on the NASDAQ under the ticker symbol SBAC.

SBA primarily operates wireless towers and other communications infrastructure, facilitating cellular and data transmission.

SBA communicates with investors through earnings calls, investor presentations, and regular updates on its corporate website.

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

SBA Communications was founded in 1989.

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

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

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

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