Altshares Trust Etf Profile
| ARB Etf | USD 27.90 0.02 0.07% |
Performance5 of 100
| Odds Of DistressLess than 9
|
AltShares Trust is trading at 27.90 as of the 28th of November 2024, a 0.07 percent decrease since the beginning of the trading day. The etf's open price was 27.92. AltShares Trust has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for AltShares Trust are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of December 2022 and ending today, the 28th of November 2024. Click here to learn more.
The fund seeks to track the performance of the index, which is designed to reflect a global merger arbitrage strategy. Altshares Merger is traded on New York Stock Exchange in the United States. The company has 26.48 M outstanding shares of which 1.46 M shares are presently shorted by investors with about 5.3 days to cover. More on AltShares Trust
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AltShares Etf Highlights
| Thematic Ideas | (View all Themes) |
| Old Name | Ardonblue Ventures Inc. |
| Business Concentration | Australia All Ordinaries, ASX Small Ordinaries, SPASX All Australian, SPASX 200, SPASX 300, SPASX 200 Accumulated, Long/short ETFs, Absolute Returns ETFs, Event Driven, AltShares, Business Services (View all Sectors) |
| Issuer | Water Island Capital |
| Inception Date | 2020-05-07 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 78.45 Million |
| Asset Type | Multi Asset |
| Category | Long/Short |
| Focus | Absolute Returns |
| Market Concentration | Developed Markets |
| Region | Global |
| Administrator | State Street Bank and Trust Company |
| Advisor | State Street Bank and Trust Company |
| Custodian | State Street Bank and Trust Company |
| Distributor | Foreside Fund Services, LLC |
| Portfolio Manager | John Orrico, Eric Becker, Christopher Plunkett |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 31-May |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 193 |
| Market Maker | GTS |
| Total Expense | 0.77 |
| Management Fee | 0.75 |
| Country Name | USA |
| Returns Y T D | 4.36 |
| Name | AltShares Trust - AltShares Merger Arbitrage ETF |
| Currency Code | USD |
| Open Figi | BBG00S7NVQL5 |
| In Threey Volatility | 3.68 |
| 1y Volatility | 2.73 |
| 200 Day M A | 27.2719 |
| 50 Day M A | 27.8572 |
| Code | ARB |
| Updated At | 27th of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.03) |
| Type | ETF |
AltShares Trust [ARB] is traded in USA and was established 2020-05-07. The fund is classified under Event Driven category within AltShares family. The entity is thematically classified as Long/short ETFs. AltShares Trust presently have 79.73 M in assets under management (AUM). , while the total return for the last 3 years was 3.7%.
AltShares Trust has about 66.47 M in cash with 109.86 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.53.
Check AltShares Trust Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on AltShares Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding AltShares Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as AltShares Trust Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
AltShares Trust Currency Exposure
AltShares Trust holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of AltShares Trust will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in AltShares Trust .
Top AltShares Trust Etf Constituents
| ZEN | Zendesk | Stock | Information Technology | |
| VMW | VMware Inc | Stock | Information Technology | |
| PNM | PNM Resources | Stock | Utilities | |
| AAWW | Atlas Air Worldwide | Stock | Industrials | |
| EV | Mast Global Battery | Etf | Natural Resources | |
| ATVI | Activision Blizzard | Stock | Communication Services | |
| AMD | Advanced Micro Devices | Stock | Information Technology |
AltShares Trust Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in AltShares Trust. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.035 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.45) |
AltShares Trust Against Markets
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AltShares Trust . Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
The market value of AltShares Trust is measured differently than its book value, which is the value of AltShares that is recorded on the company's balance sheet. Investors also form their own opinion of AltShares Trust's value that differs from its market value or its book value, called intrinsic value, which is AltShares Trust'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 AltShares Trust's market value can be influenced by many factors that don't directly affect AltShares Trust'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 AltShares Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if AltShares Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AltShares Trust'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.