Daily Performance Report for BIB ETF: Nov 14, 2024
Summary: The day started with BIB ETF opening at $60.97 and closing at $60.75. The ETF showed weakness throughout the day, with the highest price observed at $61.15 and the lowest at $60.31. The underlying asset had a trading range of $0.84 Overall, it was a negative trading day for BIB ETF, reflecting investor pessimism and market activity.
Change in Closing Price: There was a net decrease of $-0.22 or -0.36% in the closing price from the opening to the closing price over the day.
Volume Analysis: Trading volume for BIB ETF was 5,336 units during Nov 14, 2024, indicating active market participation and investor interest.
Opening Price: The day started at $60.97.
Highest Price: The highest price observed during the day was $61.15.
Lowest Price: The lowest price observed during the day was $60.31.
Closing Price: The day ended at $60.75.
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.
-3.38%
Represents the percentage change in asset value over the past month.
-0.95%
Indicates the percentage change in asset value over the last three months.
22.89%
The highest percentage drop from the peak value to the lowest point during the observed period.
33.22%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
0.30
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
0.44
The ratio of the annualized return to the maximum drawdown, reflecting the return per unit of risk.
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 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:
Type/Period | |
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SMA | |
EMA | |
WMA | |
WEMA |
Pivot Points are used to determine potential support and resistance levels. Here’s a breakdown of the latest Pivot Points for various methods:
Type | S3 | S2 | S1 | PIVOT | R1 | R2 | R3 |
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Technical Indicators are tools used to analyze market trends and make predictions. Here’s a summary of some key indicators:
Indicator | Value | Details |
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Candlestick patterns are crucial in technical analysis, providing visual insights into market sentiment and potential price movements. This section analyzes various candlestick patterns over a specified range of recent candles to identify any significant formations that might indicate future market trends. Each pattern is evaluated based on the latest candle data to determine if it matches known patterns of bullish or bearish signals.
The tool utilizes real-time price data to scan for these patterns, displaying results with timestamps to help understand the context of each detected pattern.
Timestamp | Pattern | Found |
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Pattern | Support |
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This section provides a detailed overview of historical price data for the selected asset. The table below captures key metrics such as open, high, low, and close prices as well as volume and vwap for each trading period. Analyzing historical prices helps in understanding past market trends and volatility, enabling better-informed decisions for future trading strategies.
Timestamp | Open | High | Low | Close | Volume | VWAP | Change |
---|---|---|---|---|---|---|---|
11/14/2024 04:00 PM | 60.65 | 60.75 | 60.62 | 60.75 | 700 | 60.64 | +0.10 +0.16% |
11/14/2024 03:00 PM | 60.36 | 61.02 | 60.31 | 61.02 | 1,361 | 60.45 | +0.66 +1.09% |
11/13/2024 08:00 PM | 61.92 | 62.24 | 61.73 | 61.79 | 2,847 | 62.01 | -0.13 -0.21% |
11/13/2024 07:00 PM | 62.45 | 62.45 | 62.45 | 62.45 | 150 | 62.45 | 0.00 0.00% |
11/13/2024 06:00 PM | 62.43 | 62.44 | 62.35 | 62.44 | 3,321 | 62.41 | +0.01 +0.02% |
11/13/2024 05:00 PM | 62.76 | 62.87 | 62.65 | 62.65 | 700 | 62.75 | -0.11 -0.18% |
11/13/2024 04:00 PM | 62.80 | 63.01 | 62.80 | 62.91 | 300 | 62.91 | +0.11 +0.18% |
11/13/2024 03:00 PM | 62.87 | 63.05 | 62.80 | 62.92 | 1,950 | 62.96 | +0.05 +0.08% |
11/12/2024 08:00 PM | 62.76 | 62.97 | 62.69 | 62.76 | 2,352 | 62.83 | 0.00 0.00% |
11/12/2024 07:00 PM | 63.50 | 63.50 | 62.79 | 62.79 | 2,596 | 63.04 | -0.71 -1.12% |
11/12/2024 06:00 PM | 63.92 | 63.92 | 63.92 | 63.92 | 201 | 63.92 | 0.00 0.00% |
11/12/2024 05:00 PM | 64.46 | 64.46 | 64.10 | 64.10 | 986 | 64.26 | -0.36 -0.56% |
11/12/2024 04:00 PM | 64.51 | 64.51 | 64.29 | 64.29 | 658 | 64.45 | -0.22 -0.34% |
11/12/2024 03:00 PM | 65.40 | 65.40 | 64.88 | 64.88 | 1,945 | 65.02 | -0.52 -0.80% |
11/11/2024 08:00 PM | 66.20 | 66.58 | 66.20 | 66.25 | 5,401 | 66.32 | +0.05 +0.08% |
11/11/2024 07:00 PM | 66.78 | 66.82 | 66.36 | 66.39 | 5,673 | 66.55 | -0.39 -0.58% |
11/11/2024 06:00 PM | 67.02 | 67.02 | 66.62 | 66.82 | 939 | 66.80 | -0.20 -0.30% |
11/11/2024 05:00 PM | 67.39 | 67.39 | 67.05 | 67.05 | 1,479 | 67.25 | -0.34 -0.50% |
11/11/2024 04:00 PM | 67.78 | 68.00 | 67.42 | 67.42 | 1,603 | 67.87 | -0.36 -0.53% |
11/11/2024 03:00 PM | 67.30 | 67.81 | 67.19 | 67.81 | 3,769 | 67.61 | +0.51 +0.76% |
11/08/2024 08:00 PM | 66.79 | 66.86 | 66.50 | 66.78 | 7,917 | 66.67 | -0.01 -0.01% |
11/08/2024 07:00 PM | 66.70 | 67.00 | 66.70 | 67.00 | 2,791 | 66.81 | +0.30 +0.45% |
11/08/2024 06:00 PM | 66.41 | 66.73 | 66.34 | 66.73 | 1,061 | 66.49 | +0.32 +0.48% |
11/08/2024 05:00 PM | 66.47 | 66.60 | 66.35 | 66.36 | 4,455 | 66.45 | -0.11 -0.17% |
11/08/2024 04:00 PM | 66.26 | 66.60 | 66.10 | 66.60 | 3,082 | 66.20 | +0.34 +0.51% |
11/08/2024 03:00 PM | 65.97 | 66.62 | 65.97 | 66.40 | 4,839 | 66.32 | +0.43 +0.65% |
11/07/2024 08:00 PM | 66.17 | 66.17 | 65.90 | 65.90 | 1,793 | 66.00 | -0.27 -0.41% |
11/07/2024 07:00 PM | 65.75 | 65.75 | 65.64 | 65.64 | 329 | 65.71 | -0.11 -0.17% |
11/07/2024 06:00 PM | 65.96 | 65.96 | 65.76 | 65.76 | 600 | 65.92 | -0.20 -0.30% |
11/07/2024 05:00 PM | 65.75 | 65.75 | 65.75 | 65.75 | 200 | 65.75 | 0.00 0.00% |
11/07/2024 04:00 PM | 65.71 | 65.71 | 65.66 | 65.71 | 300 | 65.69 | 0.00 0.00% |
11/07/2024 03:00 PM | 65.79 | 65.79 | 65.46 | 65.65 | 2,598 | 65.68 | -0.14 -0.21% |
11/06/2024 08:00 PM | 64.10 | 64.41 | 64.10 | 64.41 | 773 | 64.21 | +0.31 +0.48% |
11/06/2024 07:00 PM | 63.95 | 64.22 | 63.95 | 64.22 | 1,125 | 64.14 | +0.27 +0.42% |
11/06/2024 06:00 PM | 64.48 | 64.48 | 64.41 | 64.47 | 891 | 64.44 | -0.01 -0.02% |
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Discover More NowHistorical performance data for BIB includes past returns, NAV, and volatility. Investors should review performance charts and reports to understand how BIB has tracked its leveraged objective over different time periods.
BIB has an expense ratio of approximately 0.95%. This fee represents the cost of managing the fund, including administrative and operational expenses, and is expressed as a percentage of the fund’s average net assets.
BIB is managed by ProShares and seeks to achieve its investment objective by using financial instruments, including derivatives such as futures contracts, options, and swap agreements. It aims to provide leveraged exposure to the biotechnology sector.
BIB typically distributes dividends on a quarterly basis. These dividends are generated from income produced by the underlying securities in the ETF, though leveraged ETFs may have lower yield compared to non-leveraged funds.
BIB uses leverage to amplify its exposure to the biotechnology sector, aiming for twice the daily performance of the S&P Biotechnology Select Industry Index. Leverage can result in significant fluctuations in performance, especially over periods longer than one day due to daily compounding.
Yes, BIB can be held in retirement accounts such as IRAs or 401(k)s. However, due to its leveraged nature and higher risk profile, it’s important to consider how it fits within your overall investment strategy and risk tolerance.
Factors influencing BIB’s performance include movements in the biotechnology sector, changes in the S&P Biotechnology Select Industry Index, market volatility, and the effects of leverage. The ETF’s performance is also impacted by its daily rebalancing and compounding effects.
Key performance metrics for BIB include its net asset value (NAV), expense ratio, daily return performance, and leverage ratio. BIB's performance is designed to be twice that of the S&P Biotechnology Select Industry Index on a daily basis.
Risks include high volatility and the potential for substantial losses due to the leveraged nature of the ETF. BIB’s performance is highly sensitive to daily changes in the biotech sector, and its use of leverage can amplify both gains and losses.
BIB aims to deliver twice the daily return of the S&P Biotechnology Select Industry Index. However, due to its leveraged nature, performance can diverge significantly over longer periods due to compounding effects and daily rebalancing.
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