Sonicshares Global Shipping Etf Profile
| BOAT Etf | USD 30.71 0.01 0.03% |
Performance0 of 100
| Odds Of DistressLess than 9
|
SonicShares Global is selling for under 30.71 as of the 30th of November 2024; that is 0.03 percent decrease since the beginning of the trading day. The etf's last reported lowest price was 30.71. SonicShares Global has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for SonicShares Global Shipping are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of September 2024 and ending today, the 30th of November 2024. Click here to learn more.
The index is a rules-based index that seeks to provide exposure to a global portfolio of companies identified as being engaged in the water transportation industry. Sonicshares Global is traded on NYSEARCA Exchange in the United States. More on SonicShares Global Shipping
Moving against SonicShares Etf
SonicShares Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Sector ETFs, Industrials ETFs, Industrials, SonicShares (View all Sectors) |
| Issuer | Toroso Investments |
| Inception Date | 2021-08-03 |
| Benchmark | Solactive Global Shipping Index |
| Entity Type | Regulated Investment Company |
| Asset Type | Equity |
| Category | Sector |
| Focus | Industrials |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | Tidal ETF Services LLC |
| Advisor | Toroso Investments, LLC |
| Custodian | U.S. Bank, N.A. |
| Distributor | Foreside Fund Services, LLC |
| Portfolio Manager | Michael Venuto, Charles A. Ragauss |
| Transfer Agent | U.S. Bancorp Fund Services, LLC |
| Fiscal Year End | 31-Mar |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 52.0 |
| Market Maker | GTS |
| Total Expense | 0.69 |
| Management Fee | 0.69 |
| Country Name | USA |
| Returns Y T D | 7.05 |
| Name | SonicShares Global Shipping ETF |
| Currency Code | USD |
| Open Figi | BBG0120SRF72 |
| In Threey Volatility | 30.1 |
| 1y Volatility | 27.26 |
| 200 Day M A | 33.3753 |
| 50 Day M A | 33.3189 |
| Code | BOAT |
| Updated At | 30th of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.56 |
| Type | ETF |
SonicShares Global Shipping [BOAT] is traded in USA and was established 2021-08-03. The fund is listed under Industrials category and is part of SonicShares family. The entity is thematically classified as Sector ETFs. SonicShares Global currently have 18.03 M in assets under management (AUM). , while the total return for the last 3 years was 16.5%.
Check SonicShares Global 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 SonicShares Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding SonicShares 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 SonicShares Global Shipping 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.
SonicShares Global Currency Exposure
SonicShares Global Shipping 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 SonicShares Global 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 SonicShares Global Shipping.
Top SonicShares Global Shipping Etf Constituents
| ASC | Ardmore Shpng | Stock | Energy | |
| DSX | Diana Shipping | Stock | Industrials | |
| HLAG | Hapag Lloyd AG | Stock | Industrials | |
| CMRE | Costamare | Stock | Industrials | |
| MATX | Matson Inc | Stock | Industrials | |
| SFL | SFL Corporation | Stock | Energy | |
| 0FF | 2020 Bulkers | Stock | Marine Shipping | |
| OET | Okeanis Eco Tankers | Stock | Marine Shipping |
SonicShares Global 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 SonicShares Global. 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 | (0.04) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.68) |
SonicShares Global Against Markets
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in SonicShares Global Shipping. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
The market value of SonicShares Global is measured differently than its book value, which is the value of SonicShares that is recorded on the company's balance sheet. Investors also form their own opinion of SonicShares Global's value that differs from its market value or its book value, called intrinsic value, which is SonicShares Global'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 SonicShares Global's market value can be influenced by many factors that don't directly affect SonicShares Global'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 SonicShares Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if SonicShares Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SonicShares Global'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.