Altshares Event Driven Etf Buy Hold or Sell Recommendation
| EVNT Etf | USD 10.87 0.05 0.46% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding AltShares Event Driven ETF is 'Strong Hold'. A buy or sell recommendation is an automated directive regarding whether to purchase or sell AltShares Event Driven ETF given historical horizon and risk tolerance. When we issue a 'buy' or 'sell' recommendation for AltShares Event Driven ETF, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out AltShares Event 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 Event Driven ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
AltShares |
Execute AltShares Event 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 Event Driven ETF. Macroaxis does not own or have any residual interests in AltShares Event Driven ETF or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute AltShares Event's advice using the current market data and latest reported fundamentals.
Time Horizon
3 Months |
Risk Tolerance
I am an educated risk taker |
 |  |
Strong Hold
AltShares Event Trading Alerts and Improvement Suggestions
| The fund retains 92.42% of its assets under management (AUM) in equities |
AltShares Event Returns Distribution Density
The distribution of AltShares Event's historical returns is an attempt to chart the uncertainty of AltShares Event's future price movements. The chart of the probability distribution of AltShares Event daily returns describes the distribution of returns around its average expected value. We use AltShares Event Driven ETF price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of AltShares Event returns is essential to provide solid investment advice for AltShares Event.
| Mean Return | 0.05 |
| Value At Risk | -0.56 |
| Potential Upside | 0.56 |
| Standard Deviation | 0.35 |
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 Event 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 Event 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 Event 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 Event'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 | 0.05 | |
β | Beta against Dow Jones | 0.16 | |
σ | Overall volatility | 0.36 | |
Ir | Information ratio | 0.27 |
AltShares Event Volatility Alert
AltShares Event Driven ETF exhibits very low volatility with skewness of -0.95 and kurtosis of 1.72. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure AltShares Event'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 Event'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 Event Fundamentals Vs Peers
Comparing AltShares Event'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 Event's direct or indirect competition across all of the common fundamentals between AltShares Event and the related equities. This way, we can detect undervalued stocks with similar characteristics as AltShares Event or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of AltShares Event's fundamental indicators could also be used in its relative valuation, which is a method of valuing AltShares Event by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare AltShares Event to competition |
| Fundamentals | AltShares Event | Peer Average |
| Beta | 0.4 | |
| One Year Return | 8.90 % | (0.97) % |
| Three Year Return | 4.20 % | 3.23 % |
| Five Year Return | 9.30 % | 1.12 % |
| Ten Year Return | 4.90 % | 1.20 % |
| Net Asset | 3.01 M | 2.29 B |
| Equity Positions Weight | 92.42 % | 52.82 % |
AltShares Event 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.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 10.87 | |||
| Day Typical Price | 10.87 | |||
| Price Action Indicator | (0.03) | |||
| Period Momentum Indicator | (0.05) | |||
| Relative Strength Index | 58.48 |
About AltShares Event Buy or Sell Advice
When is the right time to buy or sell AltShares Event Driven ETF? 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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Check out AltShares Event 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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
The market value of AltShares Event Driven 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 Event's value that differs from its market value or its book value, called intrinsic value, which is AltShares Event'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 Event's market value can be influenced by many factors that don't directly affect AltShares Event'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 Event's value and its price as these two are different measures arrived at by different means. Investors typically determine if AltShares Event is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AltShares Event'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.