Etf Opportunities Trust Etf Performance
| GOOX Etf | 29.93 0.47 1.60% |
The etf shows a Beta (market volatility) of 1.49, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Etf Opportunities will likely underperform.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Etf Opportunities Trust are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of fairly strong basic indicators, Etf Opportunities is not utilizing all of its potentials. The newest stock price disturbance, may contribute to short-term losses for the investors. ...more
1 | Best Day Trading ETFs - Benzinga | 11/06/2024 |
Etf |
Etf Opportunities Relative Risk vs. Return Landscape
If you would invest 2,913 in Etf Opportunities Trust on August 30, 2024 and sell it today you would earn a total of 80.00 from holding Etf Opportunities Trust or generate 2.75% return on investment over 90 days. Etf Opportunities Trust is currently generating 0.0937% in daily expected returns and assumes 3.1869% risk (volatility on return distribution) over the 90 days horizon. In different words, 28% of etfs are less volatile than Etf, and 99% 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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Etf Opportunities Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Etf Opportunities' investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Etf Opportunities Trust, and traders can use it to determine the average amount a Etf Opportunities' 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 = 0.0294
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| Cash | Small Risk | GOOX | High Risk | Huge Risk |
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Estimated Market Risk
| 3.19 actual daily | 28 72% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Etf Opportunities is performing at about 2% 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 Etf Opportunities by adding it to a well-diversified portfolio.
About Etf Opportunities Performance
Evaluating Etf Opportunities' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Etf Opportunities 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 Etf Opportunities 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.
Etf Opportunities is entity of United States. It is traded as Etf on BATS exchange.| Etf Opportunities had very high historical volatility over the last 90 days | |
| Latest headline from news.google.com: Best Day Trading ETFs - Benzinga |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Etf Opportunities 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 persons. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
The market value of Etf Opportunities Trust is measured differently than its book value, which is the value of Etf that is recorded on the company's balance sheet. Investors also form their own opinion of Etf Opportunities' value that differs from its market value or its book value, called intrinsic value, which is Etf Opportunities' 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 Etf Opportunities' market value can be influenced by many factors that don't directly affect Etf Opportunities' 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 Etf Opportunities' value and its price as these two are different measures arrived at by different means. Investors typically determine if Etf Opportunities is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Etf Opportunities' 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.