Ninepoint High Interest Etf Performance
| NSAV Etf | 50.33 0.02 0.04% |
The etf secures a Beta (Market Risk) of -0.0026, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ninepoint High are expected to decrease at a much lower rate. During the bear market, Ninepoint High is likely to outperform the market.
Risk-Adjusted Performance
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Over the last 90 days Ninepoint High Interest has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound technical and fundamental indicators, Ninepoint High is not utilizing all of its potentials. The recent stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
1 | Ninepoint Partners Announces Final September 2024 Cash Distribution for Ninepoint Cash Management Fund - ETF Series - Yahoo Finance | 09/26/2024 |
2 | Ninepoint Partners Announces Estimated October 2024 Cash - GlobeNewswire | 10/24/2024 |
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Ninepoint High Relative Risk vs. Return Landscape
If you would invest 5,032 in Ninepoint High Interest on September 2, 2024 and sell it today you would earn a total of 1.00 from holding Ninepoint High Interest or generate 0.02% return on investment over 90 days. Ninepoint High Interest is generating 3.0E-4% of daily returns and assumes 0.0724% volatility on return distribution over the 90 days horizon. Simply put, 0% of etfs are less volatile than Ninepoint, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Ninepoint High Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ninepoint High's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Ninepoint High Interest, and traders can use it to determine the average amount a Ninepoint High'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 = 0.0047
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Based on monthly moving average Ninepoint High 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 Ninepoint High by adding Ninepoint High to a well-diversified portfolio.
About Ninepoint High Performance
By analyzing Ninepoint High's fundamental ratios, stakeholders can gain valuable insights into Ninepoint High's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Ninepoint High 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 Ninepoint High has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Ninepoint High is entity of Canada. It is traded as Etf on NEO exchange.