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A New ETF Aims To Buy The Dip
UTRN targets the Vesper U.S. Large Cap Short-Term Reversal Index, an equal-weight collection of 25 S&P 500 stocks that have the potential to benefit from short-term reversals. In UTRN's case, the underlying index determines short-term reversals using an algorithm known as the Chow Ratio. The Chow ratio is used “to identify stocks that have the greatest potential for a weekly rebound,” according to a statement from Vesper Capital Management.
https://finance.yahoo.com/news/etf-aims-buy-dip-192601069.html?.tsrc=rss
UTRN targets the Vesper U.S. Large Cap Short-Term Reversal Index, an equal-weight collection of 25 S&P 500 stocks that have the potential to benefit from short-term reversals. In UTRN's case, the underlying index determines short-term reversals using an algorithm known as the Chow Ratio. The Chow ratio is used “to identify stocks that have the greatest potential for a weekly rebound,” according to a statement from Vesper Capital Management.
https://finance.yahoo.com/news/etf-aims-buy-dip-192601069.html?.tsrc=rss
