Simplify Next Intangible Etf Performance
| NXTV Etf | 28.79 0.11 0.38% |
The entity has a beta of 0.0549, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Simplify Next's returns are expected to increase less than the market. However, during the bear market, the loss of holding Simplify Next is expected to be smaller as well.
Risk-Adjusted Performance
13 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Simplify Next Intangible are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. In spite of fairly fragile basic indicators, Simplify Next may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
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Simplify Next Relative Risk vs. Return Landscape
If you would invest 2,630 in Simplify Next Intangible on September 5, 2024 and sell it today you would earn a total of 249.00 from holding Simplify Next Intangible or generate 9.47% return on investment over 90 days. Simplify Next Intangible is currently generating 0.1471% in daily expected returns and assumes 0.8367% risk (volatility on return distribution) over the 90 days horizon. In different words, 7% of etfs are less volatile than Simplify, and 98% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Simplify Next Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Simplify Next's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Simplify Next Intangible, and traders can use it to determine the average amount a Simplify Next'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 = 0.1758
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Estimated Market Risk
| 0.84 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.15 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 13 87% of assets perform better |
Based on monthly moving average Simplify Next is performing at about 13% of its full potential. 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 Simplify Next by adding it to a well-diversified portfolio.
About Simplify Next Performance
Evaluating Simplify Next's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Simplify Next 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 Simplify Next 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.
Simplify Next is entity of United States. It is traded as Etf on BATS exchange.