Esoterica Nextg Economy Etf Performance

WUGI Etf  USD 77.65  0.65  0.84%   
The etf shows a Beta (market volatility) of 0.71, which means possible diversification benefits within a given portfolio. As returns on the market increase, Esoterica NextG's returns are expected to increase less than the market. However, during the bear market, the loss of holding Esoterica NextG is expected to be smaller as well.

Risk-Adjusted Performance

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Compared to the overall equity markets, risk-adjusted returns on investments in Esoterica NextG Economy are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. Despite fairly fragile technical and fundamental indicators, Esoterica NextG demonstrated solid returns over the last few months and may actually be approaching a breakup point. ...more
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NVIDIA Tops 3.5 Trillion ETFs to Tap the Strength
10/23/2024
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Nvidias earnings has over 500 ETFs tuned in See the 10 that can be most affected - MSN
11/20/2024
In Threey Sharp Ratio0.15
  

Esoterica NextG Relative Risk vs. Return Landscape

If you would invest  6,678  in Esoterica NextG Economy on September 17, 2024 and sell it today you would earn a total of  1,087  from holding Esoterica NextG Economy or generate 16.28% return on investment over 90 days. Esoterica NextG Economy is currently generating 0.2452% in daily expected returns and assumes 1.3745% risk (volatility on return distribution) over the 90 days horizon. In different words, 12% of etfs are less volatile than Esoterica, and 96% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
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Given the investment horizon of 90 days Esoterica NextG is expected to generate 1.88 times more return on investment than the market. However, the company is 1.88 times more volatile than its market benchmark. It trades about 0.18 of its potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly 0.11 per unit of risk.

Esoterica NextG Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Esoterica NextG's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Esoterica NextG Economy, and traders can use it to determine the average amount a Esoterica NextG'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 = 0.1784

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Estimated Market Risk

 1.37
  actual daily
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88% of assets are more volatile

Expected Return

 0.25
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96% of assets have higher returns

Risk-Adjusted Return

 0.18
  actual daily
14
86% of assets perform better
Based on monthly moving average Esoterica NextG 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 Esoterica NextG by adding it to a well-diversified portfolio.

Esoterica NextG Fundamentals Growth

Esoterica Etf prices reflect investors' perceptions of the future prospects and financial health of Esoterica NextG, and Esoterica NextG 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 Esoterica Etf performance.

About Esoterica NextG Performance

By evaluating Esoterica NextG's fundamental ratios, stakeholders can gain valuable insights into Esoterica NextG's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Esoterica NextG 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 Esoterica NextG 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 ETF that will invest, under normal circumstances, at least 80 percent of its total assets in domestic and foreign equity securities of companies whose economic fortunes are significantly tied to the fifth generation digital cellular network technology enabled digital economy, including companies involved in the production of 5G technology and companies that may benefit from the use of 5G. Esoterica Nextg is traded on BATS Exchange in the United States.
Latest headline from news.google.com: Nvidias earnings has over 500 ETFs tuned in See the 10 that can be most affected - MSN
The fund keeps 90.42% of its net assets in stocks
When determining whether Esoterica NextG Economy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Esoterica NextG's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Esoterica Nextg Economy Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Esoterica Nextg Economy Etf:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Esoterica NextG Economy. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price.
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The market value of Esoterica NextG Economy is measured differently than its book value, which is the value of Esoterica that is recorded on the company's balance sheet. Investors also form their own opinion of Esoterica NextG's value that differs from its market value or its book value, called intrinsic value, which is Esoterica NextG'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 Esoterica NextG's market value can be influenced by many factors that don't directly affect Esoterica NextG'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 Esoterica NextG's value and its price as these two are different measures arrived at by different means. Investors typically determine if Esoterica NextG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Esoterica NextG'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.