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ROOF
ETF ticker: NYSE ARCA
AS OF
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Net Assets
18.55M

ROOF IQ CBRE NextGen Real Estate ETF Forecast, Technical & Fundamental Analysis

Category RealEstate
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for ROOF with price predictions
08:00 PM EDT Sep 24, 2023

ROOF in downward trend: price dove below 50-day moving average on August 31, 2023

ROOF moved below its 50-day moving average on August 31, 2023 date and that indicates a change from an upward trend to a downward trend. In of 57 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 11, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ROOF as a result. In of 85 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for ROOF turned negative on September 19, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ROOF declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for ROOF entered a downward trend on August 30, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ROOF advanced for three days, in of 341 cases, the price rose further within the following month. The odds of a continued upward trend are .

ROOF may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are PROLOGIS (NYSE:PLD), American Tower Corp (NYSE:AMT), Whirlpool Corp (NYSE:WHR), Innovative Industrial Properties (NYSE:IIPR).

Industry description

The investment seeks investment results that correspond generally to the price and yield performance of the IQ CBRE NextGen Real Estate Index. The index is a rules-based, modified capitalization weighted, float adjusted index. The index is designed to provide exposure to real estate sectors and companies that are expected to benefit from large trends affecting property sectors of the global economy over a secular, multi-year time horizon. The fund generally will invest in all of the securities that comprise its index in proportion to their weightings in the index. The fund invests at least 80% of the value of its assets in securities of real estate issuers.

Market Cap

The average market capitalization across the IQ CBRE NextGen Real Estate ETF ETF is 8.71B. The market cap for tickers in the group ranges from 16.61M to 104.63B. PLD holds the highest valuation in this group at 104.63B. The lowest valued company is BBOX at 16.61M.

High and low price notable news

The average weekly price growth across all stocks in the IQ CBRE NextGen Real Estate ETF ETF was -5%. For the same ETF, the average monthly price growth was -5%, and the average quarterly price growth was -2%. SBRA experienced the highest price growth at 6%, while ILPT experienced the biggest fall at -14%.

Volume

The average weekly volume growth across all stocks in the IQ CBRE NextGen Real Estate ETF ETF was 2%. For the same stocks of the ETF, the average monthly volume growth was 34% and the average quarterly volume growth was -7%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 57
P/E Growth Rating: 57
Price Growth Rating: 55
SMR Rating: 79
Profit Risk Rating: 78
Seasonality Score: -39 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category RealEstate

Profile
Fundamentals
Details
Category
Real Estate
Address
800 Westchester Avenue,Suite N611Rye Brook
Phone
1-888-934-0777
Web
www.indexiq.com
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ROOF and

Correlation & Price change

A.I.dvisor tells us that ROOF and SCHH have been poorly correlated (+11% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that ROOF and SCHH's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ROOF
1D Price
Change %
ROOF100%
-0.64%
SCHH - ROOF
11%
Poorly correlated
-0.06%
IYR - ROOF
11%
Poorly correlated
-0.19%
XLRE - ROOF
11%
Poorly correlated
-0.17%
ICF - ROOF
11%
Poorly correlated
-0.10%
VNQ - ROOF
11%
Poorly correlated
-0.09%
More