Clearshares Piton Intermediate Etf Performance
| PIFI Etf | USD 91.96 0.06 0.07% |
The etf shows a Beta (market volatility) of 0.0066, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ClearShares Piton's returns are expected to increase less than the market. However, during the bear market, the loss of holding ClearShares Piton is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days ClearShares Piton Intermediate has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fairly strong technical and fundamental indicators, ClearShares Piton is not utilizing all of its potentials. The latest stock price confusion, may contribute to short-horizon losses for the traders. ...more
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| In Threey Sharp Ratio | -0.95 |
ClearShares |
ClearShares Piton Relative Risk vs. Return Landscape
If you would invest 9,262 in ClearShares Piton Intermediate on October 9, 2024 and sell it today you would lose (66.00) from holding ClearShares Piton Intermediate or give up 0.71% of portfolio value over 90 days. ClearShares Piton Intermediate is currently does not generate positive expected returns and assumes 0.1704% risk (volatility on return distribution) over the 90 days horizon. In different words, 1% of etfs are less volatile than ClearShares, 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 |
ClearShares Piton Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ClearShares Piton's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as ClearShares Piton Intermediate, and traders can use it to determine the average amount a ClearShares Piton'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 = -0.0679
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| Negative Returns | PIFI |
Estimated Market Risk
| 0.17 actual daily | 1 99% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ClearShares Piton 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 ClearShares Piton by adding ClearShares Piton to a well-diversified portfolio.
ClearShares Piton Fundamentals Growth
ClearShares Etf prices reflect investors' perceptions of the future prospects and financial health of ClearShares Piton, and ClearShares Piton 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 ClearShares Etf performance.
| Total Asset | 127.84 M | |||
About ClearShares Piton Performance
By evaluating ClearShares Piton's fundamental ratios, stakeholders can gain valuable insights into ClearShares Piton's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if ClearShares Piton 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 ClearShares Piton 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.
The fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing, under normal market conditions, at least 80 percent of its net assets in debt securities and other instruments that have economic characteristics similar to such securities. ClearShares Piton is traded on NYSEARCA Exchange in the United States.| ClearShares Piton generated a negative expected return over the last 90 days | |
| Latest headline from finbold.com: Bitcoin short interest spikes as profit-taking rises | |
| The fund maintains most of the assets in different exotic instruments. |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ClearShares Piton Intermediate. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
The market value of ClearShares Piton is measured differently than its book value, which is the value of ClearShares that is recorded on the company's balance sheet. Investors also form their own opinion of ClearShares Piton's value that differs from its market value or its book value, called intrinsic value, which is ClearShares Piton'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 ClearShares Piton's market value can be influenced by many factors that don't directly affect ClearShares Piton'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 ClearShares Piton's value and its price as these two are different measures arrived at by different means. Investors typically determine if ClearShares Piton is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ClearShares Piton'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.