Tidal Etf Trust Etf Performance
| NRSH Etf | 23.59 0.17 0.73% |
The entity has a beta of 1.17, which indicates 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, Tidal ETF will likely underperform.
Risk-Adjusted Performance
7 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Tidal ETF Trust are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. Despite fairly inconsistent basic indicators, Tidal ETF may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
1 | Trading Advice - Stock Traders Daily | 09/25/2024 |
2 | Technical Data - Stock Traders Daily | 11/19/2024 |
Tidal |
Tidal ETF Relative Risk vs. Return Landscape
If you would invest 2,215 in Tidal ETF Trust on September 2, 2024 and sell it today you would earn a total of 144.00 from holding Tidal ETF Trust or generate 6.5% return on investment over 90 days. Tidal ETF Trust is currently generating 0.1052% in daily expected returns and assumes 1.1813% risk (volatility on return distribution) over the 90 days horizon. In different words, 10% of etfs are less volatile than Tidal, and 98% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Tidal ETF Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tidal ETF's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Tidal ETF Trust, and traders can use it to determine the average amount a Tidal ETF'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 = 0.0891
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | NRSH | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.18 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average Tidal ETF is performing at about 7% 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 Tidal ETF by adding it to a well-diversified portfolio.
About Tidal ETF Performance
By evaluating Tidal ETF's fundamental ratios, stakeholders can gain valuable insights into Tidal ETF's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Tidal ETF 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 Tidal ETF 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.
Tidal ETF is entity of United States. It is traded as Etf on NYSE ARCA exchange.| Latest headline from news.google.com: Technical Data - Stock Traders Daily |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Tidal ETF 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 state. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
The market value of Tidal ETF Trust is measured differently than its book value, which is the value of Tidal that is recorded on the company's balance sheet. Investors also form their own opinion of Tidal ETF's value that differs from its market value or its book value, called intrinsic value, which is Tidal ETF'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 Tidal ETF's market value can be influenced by many factors that don't directly affect Tidal ETF'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 Tidal ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tidal ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tidal ETF'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.