Siren Nasdaq Nexgen Etf Performance
| BLCN Etf | USD 28.81 0.11 0.38% |
The entity has a beta of 1.96, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Siren Nasdaq will likely underperform.
Risk-Adjusted Performance
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Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Siren Nasdaq NexGen are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of very unsteady fundamental indicators, Siren Nasdaq displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
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| In Threey Sharp Ratio | -0.73 |
Siren |
Siren Nasdaq Relative Risk vs. Return Landscape
If you would invest 2,567 in Siren Nasdaq NexGen on August 30, 2024 and sell it today you would earn a total of 314.00 from holding Siren Nasdaq NexGen or generate 12.23% return on investment over 90 days. Siren Nasdaq NexGen is currently generating 0.2166% in daily expected returns and assumes 2.7206% risk (volatility on return distribution) over the 90 days horizon. In different words, 24% of etfs are less volatile than Siren, and 96% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Siren Nasdaq Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Siren Nasdaq's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Siren Nasdaq NexGen, and traders can use it to determine the average amount a Siren Nasdaq's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0796
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Estimated Market Risk
| 2.72 actual daily | 24 76% of assets are more volatile |
Expected Return
| 0.22 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Siren Nasdaq is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Siren Nasdaq by adding it to a well-diversified portfolio.
Siren Nasdaq Fundamentals Growth
Siren Etf prices reflect investors' perceptions of the future prospects and financial health of Siren Nasdaq, and Siren Nasdaq fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Siren Etf performance.
| Total Asset | 103.72 M | |||
About Siren Nasdaq Performance
By examining Siren Nasdaq's fundamental ratios, stakeholders can obtain critical insights into Siren Nasdaq's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Siren Nasdaq is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Under normal circumstances, at least 80 percent of the funds assets, will be invested in component securities of the index. Siren Nasdaq is traded on NASDAQ Exchange in the United States.| Latest headline from news.google.com: Learn to Evaluate using the Charts - Stock Traders Daily | |
| The fund created three year return of -14.0% | |
| Siren Nasdaq NexGen holds 93.82% of its assets under management (AUM) in equities |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Siren Nasdaq NexGen. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
The market value of Siren Nasdaq NexGen is measured differently than its book value, which is the value of Siren that is recorded on the company's balance sheet. Investors also form their own opinion of Siren Nasdaq's value that differs from its market value or its book value, called intrinsic value, which is Siren Nasdaq'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 Siren Nasdaq's market value can be influenced by many factors that don't directly affect Siren Nasdaq'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 Siren Nasdaq's value and its price as these two are different measures arrived at by different means. Investors typically determine if Siren Nasdaq is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Siren Nasdaq'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.