Ballast Smallmid Cap Etf Performance
| MGMT Etf | USD 44.05 0.19 0.43% |
The etf shows a Beta (market volatility) of 1.41, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ballast SmallMid will likely underperform.
Risk-Adjusted Performance
18 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Ballast SmallMid Cap are ranked lower than 18 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak primary indicators, Ballast SmallMid unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Tuttle Capital Management Launches ESGX - Shareholders First ETF That Puts Profits Ahead of Politics, DEI ESG - Business Wire | 09/10/2024 |
2 | REX Shares and Tuttle Capital Management Launch T-REX 2X Long NFLX Daily Target ETF - Business Wire | 09/27/2024 |
3 | CI Global Asset Management Announces Mutual Fund and ETF Mergers and a Risk Rating Change - Business Wire | 11/18/2024 |
| In Threey Sharp Ratio | 0.01 |
Ballast |
Ballast SmallMid Relative Risk vs. Return Landscape
If you would invest 3,692 in Ballast SmallMid Cap on September 1, 2024 and sell it today you would earn a total of 713.00 from holding Ballast SmallMid Cap or generate 19.31% return on investment over 90 days. Ballast SmallMid Cap is currently generating 0.2835% in daily expected returns and assumes 1.2238% risk (volatility on return distribution) over the 90 days horizon. In different words, 10% of etfs are less volatile than Ballast, and 95% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Ballast SmallMid Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ballast SmallMid's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Ballast SmallMid Cap, and traders can use it to determine the average amount a Ballast SmallMid'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 = 0.2317
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Estimated Market Risk
| 1.22 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.28 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.23 actual daily | 18 82% of assets perform better |
Based on monthly moving average Ballast SmallMid is performing at about 18% 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 Ballast SmallMid by adding it to a well-diversified portfolio.
Ballast SmallMid Fundamentals Growth
Ballast Etf prices reflect investors' perceptions of the future prospects and financial health of Ballast SmallMid, and Ballast SmallMid 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 Ballast Etf performance.
| Total Asset | 59.44 M | |||
About Ballast SmallMid Performance
Assessing Ballast SmallMid's fundamental ratios provides investors with valuable insights into Ballast SmallMid's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Ballast SmallMid 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.
Under normal circumstances, the fund invests at least 80 percent of the value of its net assets in equity securities of domestic companies with small to medium market capitalizations. Ballast SmallMid is traded on NYSEARCA Exchange in the United States.| Latest headline from news.google.com: CI Global Asset Management Announces Mutual Fund and ETF Mergers and a Risk Rating Change - Business Wire | |
| The fund maintains 99.49% of its assets in stocks |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Ballast SmallMid Cap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
The market value of Ballast SmallMid Cap is measured differently than its book value, which is the value of Ballast that is recorded on the company's balance sheet. Investors also form their own opinion of Ballast SmallMid's value that differs from its market value or its book value, called intrinsic value, which is Ballast SmallMid'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 Ballast SmallMid's market value can be influenced by many factors that don't directly affect Ballast SmallMid'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 Ballast SmallMid's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ballast SmallMid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ballast SmallMid'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.