Trueshares Active Yield Etf Performance
| ERNZ Etf | 24.17 0.05 0.21% |
The entity has a beta of 0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TrueShares Active's returns are expected to increase less than the market. However, during the bear market, the loss of holding TrueShares Active is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days TrueShares Active Yield has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly strong basic indicators, TrueShares Active is not utilizing all of its potentials. The recent stock price disturbance, may contribute to short-term losses for the investors. ...more
1 | Trend Tracker for - Stock Traders Daily | 12/09/2024 |
TrueShares |
TrueShares Active Relative Risk vs. Return Landscape
If you would invest 2,475 in TrueShares Active Yield on October 7, 2024 and sell it today you would lose (58.00) from holding TrueShares Active Yield or give up 2.34% of portfolio value over 90 days. TrueShares Active Yield is currently does not generate positive expected returns and assumes 0.5855% risk (volatility on return distribution) over the 90 days horizon. In different words, 5% of etfs are less volatile than TrueShares, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
TrueShares Active Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for TrueShares Active's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as TrueShares Active Yield, and traders can use it to determine the average amount a TrueShares Active'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 = -0.0614
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| Negative Returns | ERNZ |
Estimated Market Risk
| 0.59 actual daily | 5 95% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average TrueShares Active is not performing at its full potential. However, 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 TrueShares Active by adding TrueShares Active to a well-diversified portfolio.
About TrueShares Active Performance
Evaluating TrueShares Active's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if TrueShares Active has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if TrueShares Active has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
TrueShares Active is entity of United States. It is traded as Etf on NASDAQ exchange.| TrueShares Active generated a negative expected return over the last 90 days | |
| Latest headline from news.google.com: Trend Tracker for - Stock Traders Daily |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in TrueShares Active Yield. 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. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
The market value of TrueShares Active Yield is measured differently than its book value, which is the value of TrueShares that is recorded on the company's balance sheet. Investors also form their own opinion of TrueShares Active's value that differs from its market value or its book value, called intrinsic value, which is TrueShares Active'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 TrueShares Active's market value can be influenced by many factors that don't directly affect TrueShares Active'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 TrueShares Active's value and its price as these two are different measures arrived at by different means. Investors typically determine if TrueShares Active is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TrueShares Active'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.