Ninepoint Web3 Innovators Etf Performance
| TKN Etf | 24.85 0.46 1.82% |
The etf secures a Beta (Market Risk) of 0.92, which conveys possible diversification benefits within a given portfolio. Ninepoint Web3 returns are very sensitive to returns on the market. As the market goes up or down, Ninepoint Web3 is expected to follow.
Risk-Adjusted Performance
18 of 100
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Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Ninepoint Web3 Innovators are ranked lower than 18 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating basic indicators, Ninepoint Web3 displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Ninepoint Web3 Innovators Fund Quote - Press Release - The Globe and Mail | 10/15/2024 |
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Ninepoint Web3 Relative Risk vs. Return Landscape
If you would invest 1,720 in Ninepoint Web3 Innovators on August 31, 2024 and sell it today you would earn a total of 811.00 from holding Ninepoint Web3 Innovators or generate 47.15% return on investment over 90 days. Ninepoint Web3 Innovators is generating 0.6497% of daily returns assuming 2.7043% volatility of returns over the 90 days investment horizon. Simply put, 24% of all etfs have less volatile historical return distribution than Ninepoint Web3, and 88% 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 Web3 Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ninepoint Web3's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Ninepoint Web3 Innovators, and traders can use it to determine the average amount a Ninepoint Web3'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 = 0.2402
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Estimated Market Risk
| 2.7 actual daily | 24 76% of assets are more volatile |
Expected Return
| 0.65 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 18 82% of assets perform better |
Based on monthly moving average Ninepoint Web3 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 Ninepoint Web3 by adding it to a well-diversified portfolio.
About Ninepoint Web3 Performance
By examining Ninepoint Web3's fundamental ratios, stakeholders can obtain critical insights into Ninepoint Web3's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Ninepoint Web3 is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Ninepoint Web3 is entity of Canada. It is traded as Etf on TO exchange.