Sofi Next 500 Etf Performance
| SFYX Etf | USD 15.79 0.11 0.70% |
The entity has a beta of 1.32, 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, SoFi Next will likely underperform.
Risk-Adjusted Performance
17 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in SoFi Next 500 are ranked lower than 17 (%) of all global equities and portfolios over the last 90 days. In spite of fairly fragile basic indicators, SoFi Next showed solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Long Term Trading Analysis for - Stock Traders Daily | 10/24/2024 |
| In Threey Sharp Ratio | -0.10 |
SoFi |
SoFi Next Relative Risk vs. Return Landscape
If you would invest 1,351 in SoFi Next 500 on September 1, 2024 and sell it today you would earn a total of 228.00 from holding SoFi Next 500 or generate 16.88% return on investment over 90 days. SoFi Next 500 is currently generating 0.254% in daily expected returns and assumes 1.1267% risk (volatility on return distribution) over the 90 days horizon. In different words, 10% of etfs are less volatile than SoFi, and 95% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
SoFi Next Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for SoFi Next's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as SoFi Next 500, and traders can use it to determine the average amount a SoFi 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 = 0.2255
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.13 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.25 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.23 actual daily | 17 83% of assets perform better |
Based on monthly moving average SoFi Next is performing at about 17% 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 SoFi Next by adding it to a well-diversified portfolio.
SoFi Next Fundamentals Growth
SoFi Etf prices reflect investors' perceptions of the future prospects and financial health of SoFi Next, and SoFi Next 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 SoFi Etf performance.
| Total Asset | 43.97 M | |||
About SoFi Next Performance
Evaluating SoFi Next's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if SoFi 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 SoFi 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.
Under normal circumstances, at least 80 percent of the funds total assets will be invested in the component securities of the index. Sofi Next is traded on NYSEARCA Exchange in the United States.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SoFi Next 500. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
The market value of SoFi Next 500 is measured differently than its book value, which is the value of SoFi that is recorded on the company's balance sheet. Investors also form their own opinion of SoFi Next's value that differs from its market value or its book value, called intrinsic value, which is SoFi Next'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 SoFi Next's market value can be influenced by many factors that don't directly affect SoFi Next'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 SoFi Next's value and its price as these two are different measures arrived at by different means. Investors typically determine if SoFi Next is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SoFi Next'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.