Stocksnips Ai Powered Sentiment Etf Performance
| NEWZ Etf | 29.70 0.22 0.74% |
The entity has a beta of 0.87, which indicates possible diversification benefits within a given portfolio. StockSnips returns are very sensitive to returns on the market. As the market goes up or down, StockSnips is expected to follow.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in StockSnips AI Powered Sentiment are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of fairly unfluctuating basic indicators, StockSnips may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
1 | ETF Exodus Bitcoin Funds Bleed 400MWhats Next Finance Bitcoin News - Bitcoin.com News | 11/15/2024 |
2 | StockSnips Awarded Most Innovative ETF Company at the 2024 Benzinga Global Fintech Awards | 11/26/2024 |
StockSnips |
StockSnips Relative Risk vs. Return Landscape
If you would invest 2,768 in StockSnips AI Powered Sentiment on August 30, 2024 and sell it today you would earn a total of 202.00 from holding StockSnips AI Powered Sentiment or generate 7.3% return on investment over 90 days. StockSnips AI Powered Sentiment is currently generating 0.1161% in daily expected returns and assumes 0.9278% risk (volatility on return distribution) over the 90 days horizon. In different words, 8% of etfs are less volatile than StockSnips, 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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StockSnips Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for StockSnips' investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as StockSnips AI Powered Sentiment, and traders can use it to determine the average amount a StockSnips' 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 = 0.1251
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Estimated Market Risk
| 0.93 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.12 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 9 91% of assets perform better |
Based on monthly moving average StockSnips is performing at about 9% 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 StockSnips by adding it to a well-diversified portfolio.
About StockSnips Performance
Evaluating StockSnips' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if StockSnips 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 StockSnips 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.
StockSnips is entity of United States. It is traded as Etf on NASDAQ exchange.| Latest headline from businesswire.com: StockSnips Awarded Most Innovative ETF Company at the 2024 Benzinga Global Fintech Awards |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in StockSnips AI Powered Sentiment. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
The market value of StockSnips AI Powered is measured differently than its book value, which is the value of StockSnips that is recorded on the company's balance sheet. Investors also form their own opinion of StockSnips' value that differs from its market value or its book value, called intrinsic value, which is StockSnips' 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 StockSnips' market value can be influenced by many factors that don't directly affect StockSnips' 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 StockSnips' value and its price as these two are different measures arrived at by different means. Investors typically determine if StockSnips is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, StockSnips' 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.