Ershares Private Public Crossover Etf Performance
| XOVR Etf | USD 16.67 0.12 0.73% |
The etf shows a Beta (market volatility) of -0.0522, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ERShares Private are expected to decrease at a much lower rate. During the bear market, ERShares Private is likely to outperform the market.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days ERShares Private Public Crossover has generated negative risk-adjusted returns adding no value to investors with long positions. Even with latest fragile performance, the Etf's basic indicators remain invariable and the latest agitation on Wall Street may also be a sign of long-running gains for the ETF retail investors. ...more
| In Threey Sharp Ratio | 0.44 |
ERShares |
ERShares Private Relative Risk vs. Return Landscape
If you would invest 1,861 in ERShares Private Public Crossover on December 22, 2024 and sell it today you would lose (194.00) from holding ERShares Private Public Crossover or give up 10.42% of portfolio value over 90 days. ERShares Private Public Crossover is currently does not generate positive expected returns and assumes 1.5208% risk (volatility on return distribution) over the 90 days horizon. In different words, 13% of etfs are less volatile than ERShares, 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 |
ERShares Private Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ERShares Private's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as ERShares Private Public Crossover, and traders can use it to determine the average amount a ERShares Private'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 = -0.1091
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| Negative Returns | XOVR |
Estimated Market Risk
| 1.52 actual daily | 13 87% of assets are more volatile |
Expected Return
| -0.17 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.11 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ERShares Private 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 ERShares Private by adding ERShares Private to a well-diversified portfolio.
ERShares Private Fundamentals Growth
ERShares Etf prices reflect investors' perceptions of the future prospects and financial health of ERShares Private, and ERShares Private 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 ERShares Etf performance.
About ERShares Private Performance
Assessing ERShares Private's fundamental ratios provides investors with valuable insights into ERShares Private's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the ERShares Private is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
| ERShares Private generated a negative expected return over the last 90 days | |
| ERShares Private Public Crossover was previously known as ERShares Entrepreneurs ETF and was traded on NASDAQ Exchange under the symbol ENTR. | |
| The fund keeps about 95.47% of its net assets in bonds |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ERShares Private Public Crossover. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
The market value of ERShares Private Public is measured differently than its book value, which is the value of ERShares that is recorded on the company's balance sheet. Investors also form their own opinion of ERShares Private's value that differs from its market value or its book value, called intrinsic value, which is ERShares Private'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 ERShares Private's market value can be influenced by many factors that don't directly affect ERShares Private'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 ERShares Private's value and its price as these two are different measures arrived at by different means. Investors typically determine if ERShares Private is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ERShares Private'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.