Draco Evolution Ai Etf Performance
| DRAI Etf | 23.32 0.10 0.43% |
The etf shows a Beta (market volatility) of 0.1, which means not very significant fluctuations relative to the market. As returns on the market increase, Draco Evolution's returns are expected to increase less than the market. However, during the bear market, the loss of holding Draco Evolution is expected to be smaller as well.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days Draco Evolution AI has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fairly strong basic indicators, Draco Evolution is not utilizing all of its potentials. The current stock price confusion, may contribute to short-horizon losses for the traders. ...more
1 | Draco Evolution Ai ETF Quote - Press Release - The Globe and Mail | 11/29/2024 |
Draco |
Draco Evolution Relative Risk vs. Return Landscape
If you would invest 2,411 in Draco Evolution AI on October 21, 2024 and sell it today you would lose (79.00) from holding Draco Evolution AI or give up 3.28% of portfolio value over 90 days. Draco Evolution AI is currently does not generate positive expected returns and assumes 1.0232% risk (volatility on return distribution) over the 90 days horizon. In different words, 9% of etfs are less volatile than Draco, 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 |
Draco Evolution Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Draco Evolution's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Draco Evolution AI, and traders can use it to determine the average amount a Draco Evolution'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 = -0.0474
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | DRAI |
Estimated Market Risk
| 1.02 actual daily | 9 91% of assets are more volatile |
Expected Return
| -0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Draco Evolution 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 Draco Evolution by adding Draco Evolution to a well-diversified portfolio.
About Draco Evolution Performance
By evaluating Draco Evolution's fundamental ratios, stakeholders can gain valuable insights into Draco Evolution's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Draco Evolution 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 Draco Evolution 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.
Draco Evolution is entity of United States. It is traded as Etf on NYSE ARCA exchange.| Draco Evolution AI generated a negative expected return over the last 90 days |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Draco Evolution AI. 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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
The market value of Draco Evolution AI is measured differently than its book value, which is the value of Draco that is recorded on the company's balance sheet. Investors also form their own opinion of Draco Evolution's value that differs from its market value or its book value, called intrinsic value, which is Draco Evolution'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 Draco Evolution's market value can be influenced by many factors that don't directly affect Draco Evolution'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 Draco Evolution's value and its price as these two are different measures arrived at by different means. Investors typically determine if Draco Evolution is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Draco Evolution'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.