Siren Divcon Leaders Etf Performance
| LEAD Etf | USD 67.74 0.33 0.49% |
The entity has a beta of 0.83, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Siren DIVCON's returns are expected to increase less than the market. However, during the bear market, the loss of holding Siren DIVCON is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days Siren DIVCON Leaders has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound basic indicators, Siren DIVCON is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
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| In Threey Sharp Ratio | 0.30 |
Siren |
Siren DIVCON Relative Risk vs. Return Landscape
If you would invest 6,856 in Siren DIVCON Leaders on September 24, 2024 and sell it today you would lose (115.00) from holding Siren DIVCON Leaders or give up 1.68% of portfolio value over 90 days. Siren DIVCON Leaders is currently does not generate positive expected returns and assumes 0.7898% risk (volatility on return distribution) over the 90 days horizon. In different words, 7% of etfs are less volatile than Siren, 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 |
Siren DIVCON Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Siren DIVCON's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Siren DIVCON Leaders, and traders can use it to determine the average amount a Siren DIVCON'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 = -0.0296
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | LEAD |
Estimated Market Risk
| 0.79 actual daily | 7 93% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Siren DIVCON 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 Siren DIVCON by adding Siren DIVCON to a well-diversified portfolio.
Siren DIVCON Fundamentals Growth
Siren Etf prices reflect investors' perceptions of the future prospects and financial health of Siren DIVCON, and Siren DIVCON 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.
| Price To Earning | 19.19 X | |||
| Price To Book | 4.52 X | |||
| Price To Sales | 1.94 X | |||
| Total Asset | 36.15 M | |||
About Siren DIVCON Performance
By analyzing Siren DIVCON's fundamental ratios, stakeholders can gain valuable insights into Siren DIVCON's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Siren DIVCON 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 Siren DIVCON has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Under normal circumstances, at least 80 percent of the funds net assets will be invested in component securities of the benchmark index. Siren Divcon is traded on BATS Exchange in the United States.| Siren DIVCON Leaders generated a negative expected return over the last 90 days | |
| Latest headline from prnewswire.com: SHOES FOR CREWS APPOINTS NEW CHIEF EXECUTIVE TO LEAD NEXT PHASE OF GROWTH AND INNOVATION | |
| The fund maintains 96.41% of its assets in stocks |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Siren DIVCON Leaders. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of Siren DIVCON Leaders 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 DIVCON's value that differs from its market value or its book value, called intrinsic value, which is Siren DIVCON'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 DIVCON's market value can be influenced by many factors that don't directly affect Siren DIVCON'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 DIVCON's value and its price as these two are different measures arrived at by different means. Investors typically determine if Siren DIVCON is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Siren DIVCON'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.