Esoterica Nextg Economy Etf Performance
| WUGI Etf | USD 69.74 2.14 3.17% |
The etf shows a Beta (market volatility) of 0.84, which means possible diversification benefits within a given portfolio. As returns on the market increase, Esoterica NextG's returns are expected to increase less than the market. However, during the bear market, the loss of holding Esoterica NextG is expected to be smaller as well.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Esoterica NextG Economy has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest fragile performance, the Etf's technical and fundamental indicators remain strong and the recent confusion on Wall Street may also be a sign of long-lasting gains for the Etf traders. ...more
1 | Synopsys Q1 Profit Tops Estimates, Sees Strong AI-Fueled Chip Design Demand | 02/27/2025 |
| In Threey Sharp Ratio | 0.46 |
Esoterica |
Esoterica NextG Relative Risk vs. Return Landscape
If you would invest 7,569 in Esoterica NextG Economy on December 14, 2024 and sell it today you would lose (595.00) from holding Esoterica NextG Economy or give up 7.86% of portfolio value over 90 days. Esoterica NextG Economy is currently does not generate positive expected returns and assumes 1.835% risk (volatility on return distribution) over the 90 days horizon. In different words, 16% of etfs are less volatile than Esoterica, 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 |
Esoterica NextG Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Esoterica NextG's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Esoterica NextG Economy, and traders can use it to determine the average amount a Esoterica NextG'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 = -0.0652
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| Negative Returns | WUGI |
Estimated Market Risk
| 1.84 actual daily | 16 84% of assets are more volatile |
Expected Return
| -0.12 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Esoterica NextG 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 Esoterica NextG by adding Esoterica NextG to a well-diversified portfolio.
Esoterica NextG Fundamentals Growth
Esoterica Etf prices reflect investors' perceptions of the future prospects and financial health of Esoterica NextG, and Esoterica NextG 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 Esoterica Etf performance.
| Total Asset | 16.46 M | |||
About Esoterica NextG Performance
By evaluating Esoterica NextG's fundamental ratios, stakeholders can gain valuable insights into Esoterica NextG's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Esoterica NextG 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 Esoterica NextG 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 is an actively-managed ETF that will invest, under normal circumstances, at least 80 percent of its total assets in domestic and foreign equity securities of companies whose economic fortunes are significantly tied to the fifth generation digital cellular network technology enabled digital economy, including companies involved in the production of 5G technology and companies that may benefit from the use of 5G. Esoterica Nextg is traded on BATS Exchange in the United States.| Esoterica NextG generated a negative expected return over the last 90 days | |
| Latest headline from benzinga.com: Synopsys Q1 Profit Tops Estimates, Sees Strong AI-Fueled Chip Design Demand | |
| The fund keeps 90.42% of its net assets in stocks |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Esoterica NextG Economy. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
The market value of Esoterica NextG Economy is measured differently than its book value, which is the value of Esoterica that is recorded on the company's balance sheet. Investors also form their own opinion of Esoterica NextG's value that differs from its market value or its book value, called intrinsic value, which is Esoterica NextG'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 Esoterica NextG's market value can be influenced by many factors that don't directly affect Esoterica NextG'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 Esoterica NextG's value and its price as these two are different measures arrived at by different means. Investors typically determine if Esoterica NextG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Esoterica NextG'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.