Underlying Asset Performance: STQ.PA's price heavily depends on the performance of the stocks within its index. Rising stock prices lead to ETF price increases.

Supply and Demand: High demand for STQ.PA relative to supply pushes the price upwards, while increased selling pressure lowers it.

Index Composition Changes: Modifications to the index's constituents, weighting, or inclusion criteria can influence STQ.PA's price.

Interest Rates: Higher interest rates may make bonds more attractive, potentially diverting investment away from equities and impacting STQ.PA's price negatively.

Economic Conditions: Economic growth typically supports stock prices, benefiting STQ.PA, while recessions can lead to declines.

Currency Fluctuations: If the ETF holds stocks in foreign currencies, exchange rate movements will impact its price.

Dividend Payments: STQ.PA price adjusts around dividend distribution dates, generally decreasing by the dividend amount.

Market Sentiment: Overall investor optimism or pessimism towards the stock market affects STQ.PA's price.

Expense Ratio and Tracking Error: Higher expense ratios and greater tracking error can slightly depress returns compared to the benchmark.

Geopolitical Events: Global events like political instability or trade wars can create market volatility and impact STQ.PA.

Sector Performance: STQ.PA's price will reflect the overall performance of the specific industry sectors it tracks.