Chix Etf Performance
| CHIX Etf | USD 11.72 0.15 1.30% |
The etf shows a Beta (market volatility) of 0.0899, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CHIX's returns are expected to increase less than the market. However, during the bear market, the loss of holding CHIX is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days CHIX has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly strong forward indicators, CHIX is not utilizing all of its potentials. The new stock price disturbance, may contribute to short-term losses for the investors. ...more
| In Threey Sharp Ratio | -0.36 |
CHIX |
CHIX Relative Risk vs. Return Landscape
If you would invest 1,172 in CHIX on September 22, 2024 and sell it today you would earn a total of 0.00 from holding CHIX or generate 0.0% return on investment over 90 days. CHIX is currently does not generate positive expected returns and assumes 0.0% risk (volatility on return distribution) over the 90 days horizon. In different words, 0% of etfs are less volatile than CHIX, 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 |
CHIX Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for CHIX's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as CHIX, and traders can use it to determine the average amount a CHIX'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 = 0.0
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Based on monthly moving average CHIX 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 CHIX by adding CHIX to a well-diversified portfolio.
CHIX Fundamentals Growth
CHIX Etf prices reflect investors' perceptions of the future prospects and financial health of CHIX, and CHIX 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 CHIX Etf performance.
| Price To Earning | 8.60 X | |||
| Price To Book | 1.00 X | |||
| Price To Sales | 1.30 X | |||
| Total Asset | 30.94 M | |||
About CHIX Performance
Evaluating CHIX's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if CHIX 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 CHIX 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 invests at least 80 percent of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. Gx MSCI is traded on NYSEARCA Exchange in the United States.| CHIX is not yet fully synchronised with the market data | |
| CHIX created five year return of -6.0% | |
| This fund holds 100.02% of its assets under management (AUM) in equities |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
The market value of CHIX is measured differently than its book value, which is the value of CHIX that is recorded on the company's balance sheet. Investors also form their own opinion of CHIX's value that differs from its market value or its book value, called intrinsic value, which is CHIX'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 CHIX's market value can be influenced by many factors that don't directly affect CHIX'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 CHIX's value and its price as these two are different measures arrived at by different means. Investors typically determine if CHIX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CHIX'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.