Spac And New Etf Profile
| SPCX Etf | USD 23.61 0.02 0.08% |
Performance7 of 100
| Odds Of DistressLess than 9
|
SPAC is trading at 23.61 as of the 30th of November 2024; that is 0.08 percent increase since the beginning of the trading day. The etf's open price was 23.59. SPAC has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for SPAC and New are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of June 2024 and ending today, the 30th of November 2024. Click here to learn more.
Under normal circumstances, at least 80 percent of the funds net assets, plus borrowings for investment purposes, will be invested in units and shares of Special Purpose Acquisitions Companies that have a minimum capitalization of 100 million and companies that completed an initial public offering within the last two years. More on SPAC and New
SPAC Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Theme ETFs, Event Driven, AXS (View all Sectors) |
| Issuer | Tuttle Capital Management |
| Inception Date | 2020-12-15 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 10.06 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | Collaborative Fund Services, LLC |
| Advisor | Tuttle Capital Management, LLC |
| Custodian | Citibank, N.A. |
| Distributor | Foreside Fund Services, LLC |
| Portfolio Manager | Matthew Tuttle |
| Transfer Agent | Citibank N.A. |
| Fiscal Year End | 31-Mar |
| Exchange | NASDAQ |
| Number of Constituents | 37.0 |
| Market Maker | GTS |
| Total Expense | 1.89 |
| Management Fee | 0.83 |
| Country Name | USA |
| Returns Y T D | 2.37 |
| Name | SPAC and New Issue ETF |
| Currency Code | USD |
| Open Figi | BBG00YJ8L8T5 |
| In Threey Volatility | 5.35 |
| 1y Volatility | 1.6 |
| 200 Day M A | 23.4543 |
| 50 Day M A | 23.6091 |
| Code | SPCX |
| Updated At | 30th of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (1.74) |
| Type | ETF |
SPAC and New [SPCX] is traded in USA and was established 2020-12-15. The fund is listed under Event Driven category and is part of AXS family. The entity is thematically classified as Strategy ETFs. SPAC and New at this time have 30.18 M in assets. , while the total return for the last 3 years was -5.1%.
Check SPAC Probability Of Bankruptcy
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 SPAC Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding SPAC 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 SPAC and New 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.
Top SPAC and New Etf Constituents
| CLOEU | Clover Leaf Capital | Pink Sheet | Financials | |
| CRHC | Cohn Robbins Holdings | Stock | Shell Companies | |
| SPKBU | Silver Spike Acquisition | Stock | Shell Companies |
SPAC and New 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 SPAC. 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 | (0.001) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | 0.204 |
SPAC Against Markets
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SPAC and New. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
The market value of SPAC and New is measured differently than its book value, which is the value of SPAC that is recorded on the company's balance sheet. Investors also form their own opinion of SPAC's value that differs from its market value or its book value, called intrinsic value, which is SPAC'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 SPAC's market value can be influenced by many factors that don't directly affect SPAC'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 SPAC's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPAC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPAC'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.