Daily Performance Report for UWM ETF: Nov 14, 2024
Summary: The day started with UWM ETF opening at $48.55 and closing at $46.92. The ETF showed weakness throughout the day, with the highest price observed at $48.71 and the lowest at $46.67. The underlying asset had a trading range of $2.04 Overall, it was a negative trading day for UWM ETF, reflecting investor pessimism and market activity.
Change in Closing Price: There was a net decrease of $-1.63 or -3.36% in the closing price from the opening to the closing price over the day.
Volume Analysis: Trading volume for UWM ETF was 330,428 units during Nov 14, 2024, indicating active market participation and investor interest.
Opening Price: The day started at $48.55.
Highest Price: The highest price observed during the day was $48.71.
Lowest Price: The lowest price observed during the day was $46.67.
Closing Price: The day ended at $46.92.
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.
10.17%
Represents the percentage change in asset value over the past month.
26.42%
Indicates the percentage change in asset value over the last three months.
19.87%
The highest percentage drop from the peak value to the lowest point during the observed period.
41.83%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
0.88
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
1.85
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 06:00 PM | 46.86 | 46.94 | 46.80 | 46.92 | 9,981 | 46.90 | +0.06 +0.13% |
11/14/2024 05:00 PM | 47.26 | 47.33 | 46.67 | 46.88 | 150,402 | 46.91 | -0.38 -0.80% |
11/14/2024 04:00 PM | 47.58 | 47.72 | 47.23 | 47.31 | 69,041 | 47.50 | -0.27 -0.57% |
11/14/2024 03:00 PM | 47.55 | 47.77 | 47.42 | 47.57 | 65,524 | 47.59 | +0.02 +0.04% |
11/13/2024 08:00 PM | 48.23 | 48.52 | 47.87 | 47.99 | 147,979 | 48.14 | -0.24 -0.50% |
11/13/2024 07:00 PM | 48.92 | 49.01 | 48.21 | 48.24 | 141,099 | 48.56 | -0.68 -1.39% |
11/13/2024 06:00 PM | 49.28 | 49.32 | 48.91 | 48.92 | 35,716 | 49.11 | -0.36 -0.73% |
11/13/2024 05:00 PM | 49.35 | 49.51 | 49.16 | 49.31 | 27,269 | 49.38 | -0.04 -0.08% |
11/13/2024 04:00 PM | 49.71 | 49.78 | 49.35 | 49.42 | 32,434 | 49.55 | -0.29 -0.58% |
11/13/2024 03:00 PM | 49.67 | 49.85 | 49.02 | 49.70 | 35,393 | 49.53 | +0.03 +0.06% |
11/12/2024 08:00 PM | 49.00 | 49.07 | 48.74 | 48.94 | 56,738 | 48.86 | -0.06 -0.12% |
11/12/2024 07:00 PM | 49.15 | 49.27 | 48.98 | 48.99 | 58,876 | 49.16 | -0.16 -0.33% |
11/12/2024 06:00 PM | 48.58 | 49.21 | 48.58 | 49.16 | 120,453 | 48.87 | +0.58 +1.19% |
11/12/2024 05:00 PM | 49.06 | 49.21 | 48.58 | 48.62 | 67,053 | 48.95 | -0.44 -0.90% |
11/12/2024 04:00 PM | 49.67 | 49.72 | 49.08 | 49.09 | 102,199 | 49.48 | -0.58 -1.17% |
11/12/2024 03:00 PM | 50.42 | 50.44 | 49.67 | 49.68 | 204,385 | 50.03 | -0.74 -1.47% |
11/11/2024 08:00 PM | 50.61 | 50.83 | 50.54 | 50.73 | 198,661 | 50.74 | +0.12 +0.24% |
11/11/2024 07:00 PM | 50.73 | 50.78 | 50.60 | 50.66 | 68,131 | 50.70 | -0.07 -0.14% |
11/11/2024 06:00 PM | 50.85 | 50.87 | 50.22 | 50.74 | 138,985 | 50.65 | -0.11 -0.22% |
11/11/2024 05:00 PM | 50.92 | 51.01 | 50.70 | 50.86 | 71,143 | 50.86 | -0.06 -0.12% |
11/11/2024 04:00 PM | 50.63 | 50.93 | 50.45 | 50.93 | 69,805 | 50.69 | +0.30 +0.59% |
11/11/2024 03:00 PM | 50.25 | 50.70 | 49.98 | 50.64 | 367,887 | 50.52 | +0.39 +0.78% |
11/08/2024 08:00 PM | 49.26 | 49.36 | 49.03 | 49.25 | 119,028 | 49.17 | -0.01 -0.02% |
11/08/2024 07:00 PM | 49.07 | 49.39 | 49.02 | 49.31 | 199,610 | 49.22 | +0.24 +0.49% |
11/08/2024 06:00 PM | 48.88 | 49.12 | 48.74 | 49.06 | 53,707 | 49.00 | +0.18 +0.37% |
11/08/2024 05:00 PM | 48.72 | 48.92 | 48.53 | 48.89 | 39,963 | 48.76 | +0.17 +0.35% |
11/08/2024 04:00 PM | 49.00 | 49.00 | 48.70 | 48.77 | 56,986 | 48.84 | -0.23 -0.47% |
11/08/2024 03:00 PM | 48.74 | 49.07 | 48.50 | 48.98 | 148,810 | 48.78 | +0.24 +0.49% |
11/07/2024 08:00 PM | 48.81 | 49.17 | 48.50 | 48.52 | 64,265 | 48.76 | -0.29 -0.59% |
11/07/2024 07:00 PM | 48.75 | 48.96 | 48.19 | 48.63 | 119,866 | 48.53 | -0.12 -0.25% |
11/07/2024 06:00 PM | 48.84 | 48.84 | 48.50 | 48.67 | 28,877 | 48.64 | -0.17 -0.35% |
11/07/2024 05:00 PM | 48.80 | 49.13 | 48.72 | 48.83 | 24,125 | 49.00 | +0.03 +0.06% |
11/07/2024 04:00 PM | 49.24 | 49.24 | 48.73 | 48.84 | 45,202 | 48.90 | -0.40 -0.81% |
11/07/2024 03:00 PM | 48.86 | 49.43 | 48.47 | 49.20 | 91,133 | 49.03 | +0.34 +0.70% |
11/06/2024 08:00 PM | 48.75 | 49.06 | 48.68 | 48.93 | 214,119 | 48.92 | +0.18 +0.37% |
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Get Advanced Analysis NowUWM is managed by ProShares. The fund employs a leveraged investment strategy that involves using financial derivatives and debt to amplify the returns of the S&P MidCap 400 Index. The management team seeks to provide 200% of the daily return of the index, but this leverage can also amplify losses.
Investors can purchase shares of UWM through a brokerage account, similar to other stocks and ETFs. It is traded on the New York Stock Exchange (NYSE) under the ticker symbol "UWM."
Yes, UWM can be held in retirement accounts such as IRAs or 401(k)s. However, due to its leveraged and volatile nature, it is generally recommended for short-term trading rather than long-term holding in retirement accounts.
As of the latest update, UWM has an expense ratio of approximately 0.93%. This fee covers the cost of managing the ETF and is higher than non-leveraged ETFs due to the complexities of managing leveraged positions.
Risks associated with investing in UWM include high volatility and the potential for significant losses due to its leveraged nature. The use of leverage can amplify both gains and losses, making UWM suitable primarily for short-term trading rather than long-term investing. Investors should be aware of the potential for significant fluctuations in value and the impact of daily rebalancing on performance.
Factors affecting UWM’s performance include changes in the S&P MidCap 400 Index, market volatility, and the effectiveness of the fund’s leverage strategy. The ETF’s performance can also be impacted by the compounding effect of daily returns, which can cause significant deviations from the expected 200% daily return over time.
UWM distributes dividends on a quarterly basis. These dividends come from the income generated by the underlying mid-cap stocks and are paid to shareholders based on the number of shares they hold.
UWM adjusts its holdings to reflect stock splits or changes in the S&P MidCap 400 Index. Due to its leveraged strategy, the fund also rebalances daily to maintain its target leverage ratio, which can impact its performance and tracking error.
Similar ETFs to UWM include the ProShares UltraShort MidCap400 (SMDD), which seeks to provide -200% of the daily performance of the S&P MidCap 400 Index, and the Direxion Daily Mid Cap Bull 2X Shares (MIDU), which also aims to provide 200% of the daily performance of the S&P MidCap 400 Index.
Key performance metrics for UWM include net asset value (NAV), expense ratio, total return, and tracking error. NAV represents the per-share value of the ETF, the expense ratio is the cost of managing the fund, total return reflects overall performance including dividends, and tracking error measures how closely UWM tracks its leveraged objective relative to the S&P MidCap 400 Index.
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