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Asset Summary

Daily Performance Report for ALB ETF: Nov 12, 2024

Summary: The day started with ALB ETF opening at $109.3 and closing at $104.88. The ETF showed weakness throughout the day, with the highest price observed at $110.49 and the lowest at $102.71. The underlying asset had a trading range of $7.78 Overall, it was a negative trading day for ALB ETF, reflecting investor pessimism and market activity.

Change in Closing Price: There was a net decrease of $-4.42 or -4.04% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for ALB ETF was 2,339,679 units during Nov 12, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $109.3.

Highest Price: The highest price observed during the day was $110.49.

Lowest Price: The lowest price observed during the day was $102.71.

Closing Price: The day ended at $104.88.

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

Albemarle competes with companies like FMC Corporation and Sociedad Química y Minera, focusing on lithium and specialty chemicals for various applications.

Historically, Albemarle has shown strong growth driven by demand for lithium and other specialty chemicals, although performance may vary with market conditions.

Albemarle is committed to sustainability practices, focusing on reducing environmental impact and developing products that support renewable energy technologies.

Key performance metrics for ALB include revenue growth, operating income, net income, and EBITDA margins.

Albemarle typically releases earnings reports quarterly, providing insights into financial performance and market trends.

Yes, risks include fluctuations in raw material costs, regulatory challenges, and market demand for lithium and other specialty chemicals.

Investors can purchase shares of Albemarle through a brokerage account, as it is publicly traded on the New York Stock Exchange under the ticker symbol "ALB."

Yes, shares of Albemarle can be held in retirement accounts such as IRAs or 401(k)s, making it a potential investment option for long-term planning.

Albemarle regularly evaluates opportunities for expansion, particularly in lithium production, to meet growing global demand for electric vehicle batteries and energy storage.

As of the latest update, Albemarle has a dividend yield of approximately 0.5%, reflecting its strategy of balancing growth and shareholder returns.

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