Underlying Asset Performance: The primary driver of SGQI.PA's price is the performance of the companies comprising the underlying index it tracks. If those companies perform well, the ETF's price will likely rise and vice versa.

Supply and Demand: Market forces of supply and demand directly influence SGQI.PA's price. Increased buying pressure (demand) pushes the price up, while increased selling pressure (supply) drives it down.

Investor Sentiment: Overall investor sentiment towards the specific sector or geographical region the ETF invests in can impact its price. Positive sentiment can lead to increased investment and higher prices.

Currency Fluctuations: As SGQI.PA likely holds international assets, currency fluctuations between the Euro and the currencies of the underlying assets can affect the ETF's value when converted back to Euros.

Expense Ratio and Tracking Error: The ETF's expense ratio (management fees) and tracking error (deviation from the index performance) can slightly impact the overall return and consequently the price, relative to its benchmark.

Interest Rates: Changes in interest rates, particularly in the Eurozone, can affect investor appetite for equities and other assets, indirectly influencing demand for ETFs like SGQI.PA.

Economic Conditions: Broader economic factors such as GDP growth, inflation, and unemployment in relevant regions can influence the performance of the companies within the ETF and therefore its price.