Thcx Etf Performance
| THCX Etf | USD 1.78 0.03 1.71% |
The entity owns a Beta (Systematic Risk) of 0.0592, which indicates not very significant fluctuations relative to the market. As returns on the market increase, THCX's returns are expected to increase less than the market. However, during the bear market, the loss of holding THCX is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days THCX has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly strong fundamental indicators, THCX 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 | -1.84 |
THCX |
THCX Relative Risk vs. Return Landscape
If you would invest 178.00 in THCX on September 16, 2024 and sell it today you would earn a total of 0.00 from holding THCX or generate 0.0% return on investment over 90 days. THCX 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 THCX, 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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THCX Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for THCX's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as THCX, and traders can use it to determine the average amount a THCX'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 THCX 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 THCX by adding THCX to a well-diversified portfolio.
THCX Fundamentals Growth
THCX Etf prices reflect investors' perceptions of the future prospects and financial health of THCX, and THCX 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 THCX Etf performance.
| Total Asset | 25.03 M | |||
About THCX Performance
Evaluating THCX's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if THCX 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 THCX 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 will invest at least 80 percent of its total assets in the component securities of the index. Spinnaker Cannabis is traded on NYSEARCA Exchange in the United States.| THCX is not yet fully synchronised with the market data | |
| THCX may become a speculative penny stock | |
| The fund created three year return of -54.0% | |
| THCX maintains all of its assets in stocks |
Check out World Market Map 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 main economic indicators. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
The market value of THCX is measured differently than its book value, which is the value of THCX that is recorded on the company's balance sheet. Investors also form their own opinion of THCX's value that differs from its market value or its book value, called intrinsic value, which is THCX'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 THCX's market value can be influenced by many factors that don't directly affect THCX'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 THCX's value and its price as these two are different measures arrived at by different means. Investors typically determine if THCX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, THCX'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.