Gex Index Price on March 18, 2024
| GEX Index | 2,680 68.81 2.64% |
Below is the normalized historical share price chart for GEX extending back to August 15, 2011. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of GEX stands at 2,680, as last reported on the 15th of May 2024, with the highest price reaching 2,694 and the lowest price hitting 2,616 during the day.
If you're considering investing in GEX Index, it is important to understand the factors that can impact its price. GEX holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of volatility over the last 3 months. We have found twenty-six technical indicators for GEX, which you can use to evaluate the volatility of the entity. GEX Index price history is provided at the adjusted basis, taking into account all of the recent filings.
Sharpe Ratio = 0.2007
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
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| Small Returns | GEX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.35 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.27 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.2 actual daily | 15 85% of assets perform better |
Based on monthly moving average GEX is performing at about 15% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of GEX by adding it to a well-diversified portfolio.
GEX Valuation on March 18, 2024
It is possible to determine the worth of GEX on a given historical date. On March 18, 2024 GEX was worth 2296.21 at the beginning of the trading date compared to the closed value of 2263.65. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of GEX index. Still, in general, we apply an absolute valuation method to find GEX's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of GEX where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against GEX's related companies.
| Open | High | Low | Close | Volume | |
| 2,304 | 2,310 | 2,284 | 2,286 | 2,710,000 | |
03/18/2024 | 2,296 | 2,307 | 2,264 | 2,264 | 2,010,000 |
| 2,263 | 2,285 | 2,255 | 2,282 | 1,360,000 |
| Backtest GEX | | | GEX History | Previous | Next |
GEX Trading Date Momentum on March 18, 2024
| On March 19 2024 GEX was traded for 2,282 at the closing time. The highest price during the trading period was 2,285 and the lowest recorded bid was listed for 2,255 . The volume for the day was 1.4 M. This history from March 19, 2024 contributed to the next trading day price growth. The overall trading delta to the next closing price was 0.82% . The overall trading delta to the current price is 4.56% . |
Price Boundaries
GEX Period Price Range
Low | March 18, 2024
| High |
2,296 | 2,264 |
GEX May 15, 2024 Market Strength
Market strength indicators help investors to evaluate how GEX index reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading GEX shares will generate the highest return on investment. By undertsting and applying GEX index market strength indicators, traders can identify GEX entry and exit signals to maximize returns
| Accumulation Distribution | 37897.41 | |||
| Daily Balance Of Power | (0.75) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 2285.4 | |||
| Day Typical Price | 2278.15 | |||
| Price Action Indicator | (38.03) | |||
| Period Momentum Indicator | 416.5 |
GEX Technical Drivers
GEX May 15, 2024 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for GEX's price direction in advance. Along with the technical and fundamental analysis of GEX Index historical price patterns, it is also worthwhile for investors to track various predictive indicators of GEX to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1024 | |||
| Mean Deviation | 1.1 | |||
| Semi Deviation | 1.08 | |||
| Downside Deviation | 1.23 | |||
| Coefficient Of Variation | 637.77 | |||
| Standard Deviation | 1.31 | |||
| Variance | 1.73 | |||
| Information Ratio | 0.0939 | |||
| Total Risk Alpha | 0.042 | |||
| Sortino Ratio | 0.1003 | |||
| Maximum Drawdown | 5.42 | |||
| Value At Risk | (1.70) | |||
| Potential Upside | 2.03 | |||
| Downside Variance | 1.52 | |||
| Semi Variance | 1.16 | |||
| Expected Short fall | (1.24) | |||
| Skewness | (0.08) | |||
| Kurtosis | (0.10) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any index could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.