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Asset Summary

Daily Performance Report for SYY ETF: Nov 14, 2024

Summary: The day started with SYY ETF opening at $76.81 and closing at $75.73. The ETF showed weakness throughout the day, with the highest price observed at $77.1 and the lowest at $75.35. The underlying asset had a trading range of $1.75 Overall, it was a negative trading day for SYY ETF, reflecting investor pessimism and market activity.

Change in Closing Price: There was a net decrease of $-1.08 or -1.41% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for SYY ETF was 951,366 units during Nov 14, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $76.81.

Highest Price: The highest price observed during the day was $77.1.

Lowest Price: The lowest price observed during the day was $75.35.

Closing Price: The day ended at $75.73.

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, Sysco Corporation is publicly traded on the New York Stock Exchange under the ticker symbol SYY.

Sysco has adapted to market changes by expanding its e-commerce capabilities and focusing on delivery services, especially during the pandemic.

Sysco’s financial outlook is generally positive, supported by ongoing demand in the foodservice industry and strategic growth initiatives.

You can invest in Sysco by purchasing shares through a brokerage account that allows for stock trading on the NYSE.

Sysco’s advantages include a vast distribution network, extensive product selection, and strong customer relationships.

Sysco serves a diverse clientele, including restaurants, healthcare facilities, educational institutions, and hospitality businesses.

Sysco emphasizes food safety through rigorous quality control, training, and compliance with health regulations.

Sysco utilizes technology to improve supply chain efficiency, enhance customer service, and streamline operations.

Sysco is committed to sustainability through responsible sourcing, waste reduction, and initiatives aimed at minimizing its environmental impact.

Sysco fosters a diverse and inclusive workplace through various initiatives that support equal opportunity and representation.

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