2023 Eft Series Etf Performance
| BUSA Etf | 32.84 0.09 0.27% |
The entity owns a Beta (Systematic Risk) of 0.67, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 2023 EFT's returns are expected to increase less than the market. However, during the bear market, the loss of holding 2023 EFT is expected to be smaller as well.
Risk-Adjusted Performance
Modest
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in 2023 EFT Series are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong basic indicators, 2023 EFT is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors. ...more
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2023 EFT Relative Risk vs. Return Landscape
If you would invest 3,170 in 2023 EFT Series on December 21, 2024 and sell it today you would earn a total of 114.00 from holding 2023 EFT Series or generate 3.6% return on investment over 90 days. 2023 EFT Series is currently generating 0.0628% in daily expected returns and assumes 0.7645% risk (volatility on return distribution) over the 90 days horizon. In different words, 6% of etfs are less volatile than 2023, 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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2023 EFT Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for 2023 EFT's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as 2023 EFT Series, and traders can use it to determine the average amount a 2023 EFT'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 = 0.0821
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| Cash | BUSA | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.76 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average 2023 EFT is performing at about 6% of its full potential. 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 2023 EFT by adding it to a well-diversified portfolio.
About 2023 EFT Performance
By analyzing 2023 EFT's fundamental ratios, stakeholders can gain valuable insights into 2023 EFT's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if 2023 EFT 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 2023 EFT has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
2023 EFT is entity of United States. It is traded as Etf on BATS exchange.