Breakwave Dry Bulk Etf Profile
| BDRY Etf | USD 6.65 0.15 2.21% |
Performance0 of 100
| Odds Of DistressLess than 10
|
Breakwave Dry is trading at 6.65 as of the 30th of November 2024; that is 2.21 percent decrease since the beginning of the trading day. The etf's open price was 6.8. Breakwave Dry has less than a 10 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for Breakwave Dry Bulk are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of June 2024 and ending today, the 30th of November 2024. Click here to learn more.
The fund seeks to achieve its investment objective by investing substantially all of its assets in the Freight Futures currently constituting the Benchmark Portfolio. Breakwave Dry is traded on NYSEARCA Exchange in the United States. More on Breakwave Dry Bulk
Moving together with Breakwave Etf
| 0.75 | EWU | iShares MSCI United | PairCorr |
| 0.73 | EWY | iShares MSCI South | PairCorr |
| 0.73 | EWL | iShares MSCI Switzerland | PairCorr |
Moving against Breakwave Etf
Breakwave Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Global Macro ETFs, Absolute Returns ETFs, Miscellaneous Region, ETFMG (View all Sectors) |
| Issuer | ETF Managers Group |
| Inception Date | 2018-03-22 |
| Benchmark | Breakwave Dry Freight Futures Index |
| Entity Type | Partnership |
| Average Trading Valume | 89,262.7 |
| Asset Type | Multi Asset |
| Category | Absolute Returns |
| Focus | Global Macro |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | U.S. Bancorp Fund Services, LLC |
| Advisor | ETF Managers Capital LLC |
| Custodian | U.S. Bank, N.A. |
| Distributor | ETFMG Financial LLC |
| Portfolio Manager | Timothy J. Collins, John Kartsonas, Travis Trempe |
| Transfer Agent | U.S. Bank, N.A. |
| Trustee | Wilmington Trust Company |
| Fiscal Year End | 31-Oct |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 16.0 |
| Market Maker | Jane Street |
| Total Expense | 3.5 |
| Management Fee | 3.5 |
| Country Name | USA |
| Returns Y T D | (41.18) |
| Name | Breakwave Dry Bulk Shipping ETF |
| Currency Code | USD |
| Open Figi | BBG00KDXJCX5 |
| In Threey Volatility | 78.65 |
| 1y Volatility | 103.09 |
| 200 Day M A | 11.5508 |
| 50 Day M A | 8.7043 |
| Code | BDRY |
| Updated At | 29th of November 2024 |
| Currency Name | US Dollar |
Breakwave Dry Bulk [BDRY] is traded in USA and was established 2018-03-21. The fund is listed under Miscellaneous Region category and is part of ETFMG family. The entity is thematically classified as Global Macro ETFs. Breakwave Dry Bulk currently have 36.03 M in assets under management (AUM). , while the total return for the last 3 years was -34.9%.
Check Breakwave Dry Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Breakwave Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Breakwave Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Breakwave Dry Bulk Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Breakwave Dry Bulk Etf Constituents
| FXFXX | First American Funds | Money Market Fund | US Money Market Fund |
Breakwave Dry Bulk Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Breakwave Dry. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.68) | |||
| Total Risk Alpha | (1.17) | |||
| Treynor Ratio | 16.83 |
Breakwave Dry Against Markets
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Breakwave Dry Bulk. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
The market value of Breakwave Dry Bulk is measured differently than its book value, which is the value of Breakwave that is recorded on the company's balance sheet. Investors also form their own opinion of Breakwave Dry's value that differs from its market value or its book value, called intrinsic value, which is Breakwave Dry's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Breakwave Dry's market value can be influenced by many factors that don't directly affect Breakwave Dry's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Breakwave Dry's value and its price as these two are different measures arrived at by different means. Investors typically determine if Breakwave Dry is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Breakwave Dry's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.