Altshares Trust Etf Buy Hold or Sell Recommendation
| ARB Etf | USD 27.83 0.07 0.25% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding AltShares Trust is 'Cautious Hold'. Macroaxis provides AltShares Trust buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding ARB positions.
Check out AltShares Trust Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual funds such as AltShares and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards AltShares Trust . 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.
AltShares |
Execute AltShares Trust Buy or Sell Advice
The AltShares recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on AltShares Trust . Macroaxis does not own or have any residual interests in AltShares Trust or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute AltShares Trust's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Cautious Hold
Market Performance | Insignificant | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Not Available | Details | |
Financial Leverage | Not Rated | Details |
AltShares Trust Trading Alerts and Improvement Suggestions
| Over 99.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from zacks.com: Upbeat Year Ahead for Mergers and Acquisitions ETFs to Consider | |
| The fund holds 95.05% of its assets under management (AUM) in equities |
AltShares Trust Returns Distribution Density
The distribution of AltShares Trust's historical returns is an attempt to chart the uncertainty of AltShares Trust's future price movements. The chart of the probability distribution of AltShares Trust daily returns describes the distribution of returns around its average expected value. We use AltShares Trust price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of AltShares Trust returns is essential to provide solid investment advice for AltShares Trust.
| Mean Return | 0.01 | Value At Risk | -0.29 | Potential Upside | 0.36 | Standard Deviation | 0.22 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of AltShares Trust historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
AltShares Trust Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to AltShares Trust or AltShares sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that AltShares Trust's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a AltShares etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.0061 | |
β | Beta against Dow Jones | 0.07 | |
σ | Overall volatility | 0.22 | |
Ir | Information ratio | -0.56 |
AltShares Trust Volatility Alert
AltShares Trust exhibits very low volatility with skewness of -1.15 and kurtosis of 4.28. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure AltShares Trust's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact AltShares Trust's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.AltShares Trust Fundamentals Vs Peers
Comparing AltShares Trust's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze AltShares Trust's direct or indirect competition across all of the common fundamentals between AltShares Trust and the related equities. This way, we can detect undervalued stocks with similar characteristics as AltShares Trust or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of AltShares Trust's fundamental indicators could also be used in its relative valuation, which is a method of valuing AltShares Trust by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare AltShares Trust to competition |
| Fundamentals | AltShares Trust | Peer Average |
| Price To Earning | 24.77 X | 3.15 X |
| Price To Book | 7.14 X | 0.39 X |
| Price To Sales | 2.82 X | 0.33 X |
| Beta | 0.05 | |
| One Year Return | 5.30 % | (0.97) % |
| Three Year Return | 3.70 % | 3.23 % |
| Net Asset | 79.73 M | 2.29 B |
| Equity Positions Weight | 95.05 % | 52.82 % |
Note: Disposition of 1000 shares by Creamer Sean R of AltShares Trust at 36.8 subject to Rule 16b-3 [view details]
AltShares Trust Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as AltShares . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About AltShares Trust Buy or Sell Advice
When is the right time to buy or sell AltShares Trust ? Buying financial instruments such as AltShares Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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In addition to having AltShares Trust in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out AltShares Trust Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
The market value of AltShares Trust is measured differently than its book value, which is the value of AltShares that is recorded on the company's balance sheet. Investors also form their own opinion of AltShares Trust's value that differs from its market value or its book value, called intrinsic value, which is AltShares Trust'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 AltShares Trust's market value can be influenced by many factors that don't directly affect AltShares Trust'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 AltShares Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if AltShares Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AltShares Trust'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.