Potx Etf Performance
| POTX Etf | USD 6.19 0.02 0.32% |
The etf holds a Beta of -0.18, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning POTX are expected to decrease at a much lower rate. During the bear market, POTX is likely to outperform the market.
Risk-Adjusted Performance
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Over the last 90 days POTX has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly strong basic indicators, POTX is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors. ...more
| In Threey Sharp Ratio | -1.97 |
POTX |
POTX Relative Risk vs. Return Landscape
If you would invest 619.00 in POTX on September 15, 2024 and sell it today you would earn a total of 0.00 from holding POTX or generate 0.0% return on investment over 90 days. POTX is currently does not generate positive expected returns and assumes 0.0% risk (volatility on return distribution) over the 90 days horizon. In different words, 0% of etfs are less volatile than POTX, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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POTX Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for POTX's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as POTX, and traders can use it to determine the average amount a POTX'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 = 0.0
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Based on monthly moving average POTX 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 POTX by adding POTX to a well-diversified portfolio.
POTX Fundamentals Growth
POTX Etf prices reflect investors' perceptions of the future prospects and financial health of POTX, and POTX 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 POTX Etf performance.
| Total Asset | 48.25 M | |||
About POTX Performance
Evaluating POTX's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if POTX 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 POTX 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.
The fund invests at least 80 percent of its total assets in the securities of the underlying index and in American Depositary Receipts and Global Depositary Receipts based on the securities in the underlying index. Gx Cannabis is traded on NASDAQ Exchange in the United States.| POTX is not yet fully synchronised with the market data | |
| The fund created three year return of -63.0% | |
| POTX maintains 100.01% of its assets in stocks |
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
The market value of POTX is measured differently than its book value, which is the value of POTX that is recorded on the company's balance sheet. Investors also form their own opinion of POTX's value that differs from its market value or its book value, called intrinsic value, which is POTX'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 POTX's market value can be influenced by many factors that don't directly affect POTX'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 POTX's value and its price as these two are different measures arrived at by different means. Investors typically determine if POTX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, POTX'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.