Syntax Etf Profile
Syntax is trading at 44.16 as of the 29th of December 2024; that is 0.57% up since the beginning of the trading day. The etf's open price was 43.91. The performance scores are derived for the period starting the 2nd of July 2024 and ending today, the 29th of December 2024. Click here to learn more.
Syntax Etf Highlights
| Old Name | Syntax ETF Trust - Syntax Stratified MidCap ETF |
| Business Concentration | Small Blend, Syntax (View all Sectors) |
| Country Name | USA |
| Returns Y T D | 9.78 |
| Name | Syntax ETF Trust - Syntax Stratified MidCap ETF |
| Currency Code | USD |
| Open Figi | BBG00RDKCV90 |
| In Threey Volatility | 20.41 |
| 1y Volatility | 19.09 |
| 200 Day M A | 42.2027 |
| 50 Day M A | 43.5242 |
| Code | SMDY |
| Updated At | 4th of October 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.14 |
| Type | ETF |
Syntax [SMDY] is traded in USA and was established 2020-01-16. The fund is listed under Small Blend category and is part of Syntax family. Syntax at this time have 8.68 M in assets. , while the total return for the last 3 years was 5.1%.
Check Syntax 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 Syntax Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Syntax 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 Syntax 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 Syntax Etf Constituents
| MKSI | MKS Instruments | Stock | Information Technology | |
| YELP | Yelp Inc | Stock | Communication Services | |
| VSAT | ViaSat Inc | Stock | Information Technology | |
| UTHR | United Therapeutics | Stock | Health Care | |
| TRIP | TripAdvisor | Stock | Communication Services | |
| SMG | Scotts Miracle Gro | Stock | Materials | |
| SABR | Sabre Corpo | Stock | Industrials | |
| PTC | PTC Inc | Stock | Information Technology |
Syntax Top Holders
| SHUS | Exchange Listed Funds | Etf | Mid-Cap Value | |
| SYUS | Syntax | Etf | Mid-Cap Blend |
Syntax 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 Syntax. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Mean Deviation | 0.8989 | |||
| Semi Deviation | 1.21 | |||
| Standard Deviation | 1.19 | |||
| Variance | 1.41 |
Syntax Against Markets
Syntax Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Syntax etf to make a market-neutral strategy. Peer analysis of Syntax could also be used in its relative valuation, which is a method of valuing Syntax by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
The market value of Syntax is measured differently than its book value, which is the value of Syntax that is recorded on the company's balance sheet. Investors also form their own opinion of Syntax's value that differs from its market value or its book value, called intrinsic value, which is Syntax'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 Syntax's market value can be influenced by many factors that don't directly affect Syntax'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 Syntax's value and its price as these two are different measures arrived at by different means. Investors typically determine if Syntax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Syntax'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.