Even Herd Long Etf Performance
| EHLS Etf | 20.32 0.00 0.00% |
The etf shows a Beta (market volatility) of 0.88, which means possible diversification benefits within a given portfolio. Even Herd returns are very sensitive to returns on the market. As the market goes up or down, Even Herd is expected to follow.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Even Herd Long has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest uncertain performance, the Etf's essential indicators remain stable and the newest uproar on Wall Street may also be a sign of mid-term gains for the exchange-traded fund private investors. ...more
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Even |
Even Herd Relative Risk vs. Return Landscape
If you would invest 2,220 in Even Herd Long on December 21, 2024 and sell it today you would lose (188.10) from holding Even Herd Long or give up 8.47% of portfolio value over 90 days. Even Herd Long is currently does not generate positive expected returns and assumes 1.6755% risk (volatility on return distribution) over the 90 days horizon. In different words, 14% of etfs are less volatile than Even, 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 |
Even Herd Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Even Herd's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Even Herd Long, and traders can use it to determine the average amount a Even Herd'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 = -0.0812
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | EHLS |
Estimated Market Risk
| 1.68 actual daily | 15 85% of assets are more volatile |
Expected Return
| -0.14 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Even Herd 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 Even Herd by adding Even Herd to a well-diversified portfolio.
About Even Herd Performance
Assessing Even Herd's fundamental ratios provides investors with valuable insights into Even Herd's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Even Herd is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Even Herd is entity of United States. It is traded as Etf on NASDAQ exchange.| Even Herd Long 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 Even Herd Long. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
The market value of Even Herd Long is measured differently than its book value, which is the value of Even that is recorded on the company's balance sheet. Investors also form their own opinion of Even Herd's value that differs from its market value or its book value, called intrinsic value, which is Even Herd'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 Even Herd's market value can be influenced by many factors that don't directly affect Even Herd'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 Even Herd's value and its price as these two are different measures arrived at by different means. Investors typically determine if Even Herd is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Even Herd'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.