Guinness Atkinson Asset Etf Performance
| MRAD Etf | USD 15.38 0.00 0.00% |
The etf retains a Market Volatility (i.e., Beta) of -0.0932, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Guinness Atkinson are expected to decrease at a much lower rate. During the bear market, Guinness Atkinson is likely to outperform the market.
Risk-Adjusted Performance
14 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Guinness Atkinson Asset are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. In spite of rather fragile basic indicators, Guinness Atkinson may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
| In Threey Sharp Ratio | -0.84 |
Guinness |
Guinness Atkinson Relative Risk vs. Return Landscape
If you would invest 1,462 in Guinness Atkinson Asset on September 16, 2024 and sell it today you would earn a total of 76.00 from holding Guinness Atkinson Asset or generate 5.2% return on investment over 90 days. Guinness Atkinson Asset is currently generating 0.1439% in daily expected returns and assumes 0.785% risk (volatility on return distribution) over the 90 days horizon. In different words, 6% of etfs are less volatile than Guinness, and 98% 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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Guinness Atkinson Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guinness Atkinson's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Guinness Atkinson Asset, and traders can use it to determine the average amount a Guinness Atkinson'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 = 0.1833
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Estimated Market Risk
| 0.79 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Guinness Atkinson is performing at about 14% 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 Guinness Atkinson by adding it to a well-diversified portfolio.
Guinness Atkinson Fundamentals Growth
Guinness Etf prices reflect investors' perceptions of the future prospects and financial health of Guinness Atkinson, and Guinness Atkinson 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 Guinness Etf performance.
| Total Asset | 1.25 M | |||
About Guinness Atkinson Performance
By analyzing Guinness Atkinson's fundamental ratios, stakeholders can gain valuable insights into Guinness Atkinson's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Guinness Atkinson 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 Guinness Atkinson has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Under normal circumstances, the fund will invest at least 80 percent of its net assets in publicly-traded equity securities of domestic or foreign companies across multiple sectors that the Adviser considers to be Advertising or Marketing Technology companies, which are companies that have significant exposure to the development, production or deployment of advertising or marketing services, especially in ways that are related to digital media or in ways that make advertising or marketing activities more tailored or efficient in reaching a specific demographic. Smartetfs Advertising is traded on NYSEARCA Exchange in the United States.| Guinness Atkinson is not yet fully synchronised with the market data | |
| The fund created three year return of -20.0% | |
| Guinness Atkinson Asset maintains 92.84% of its assets in stocks |
Check out Correlation Analysis to better understand how to build diversified portfolios. 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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
The market value of Guinness Atkinson Asset is measured differently than its book value, which is the value of Guinness that is recorded on the company's balance sheet. Investors also form their own opinion of Guinness Atkinson's value that differs from its market value or its book value, called intrinsic value, which is Guinness Atkinson'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 Guinness Atkinson's market value can be influenced by many factors that don't directly affect Guinness Atkinson'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 Guinness Atkinson's value and its price as these two are different measures arrived at by different means. Investors typically determine if Guinness Atkinson is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Guinness Atkinson'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.