Egis Etf Profile
EGIS is selling for under 37.10 as of the 29th of November 2024; that is 0.08 percent up since the beginning of the trading day. The etf's lowest day price was 37.07. Equity ratings for EGIS are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of October 2024 and ending today, the 29th of November 2024. Click here to learn more.
EGIS Etf Highlights
| Old Name | 2ndVote Society Defended ETF |
| Business Concentration | Large Blend, 2nd Vote Funds (View all Sectors) |
| Nav Price | 31.61 |
| Two Hundred Day Average | 32.03 |
| Ytd | -9.24% |
| Average Daily Volume In Three Month | 3.74k |
| Fifty Two Week Low | 28.84 |
| As Of Date | 25th of October 2022 |
| Average Daily Volume Last 10 Day | 2.3k |
| Fifty Two Week High | 35.42 |
| One Month | 7.04% |
| Fifty Day Average | 31.41 |
| Three Month | 2.42% |
EGIS [EGIS] is traded in USA and was established 2020-11-17. The fund is listed under Large Blend category and is part of 2nd Vote Funds family. EGIS currently have 21.7 M in assets under management (AUM). , while the total return for the last year was -8.87%.
Check EGIS Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on EGIS Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding EGIS Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as EGIS Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top EGIS Etf Constituents
| ABBV | AbbVie Inc | Stock | Health Care | |
| ADBE | Adobe Systems Incorporated | Stock | Information Technology | |
| AFL | Aflac Incorporated | Stock | Financials | |
| CMG | Chipotle Mexican Grill | Stock | Consumer Discretionary | |
| FTNT | Fortinet | Stock | Information Technology | |
| GS | Goldman Sachs Group | Stock | Financials | |
| HON | Honeywell International | Stock | Industrials | |
| LRCX | Lam Research Corp | Stock | Information Technology |
EGIS Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in EGIS. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Mean Deviation | 0.5953 | |||
| Semi Deviation | 0.5735 | |||
| Standard Deviation | 0.7634 | |||
| Variance | 0.5828 |
EGIS Against Markets
EGIS Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with EGIS etf to make a market-neutral strategy. Peer analysis of EGIS could also be used in its relative valuation, which is a method of valuing EGIS by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
The market value of EGIS is measured differently than its book value, which is the value of EGIS that is recorded on the company's balance sheet. Investors also form their own opinion of EGIS's value that differs from its market value or its book value, called intrinsic value, which is EGIS'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 EGIS's market value can be influenced by many factors that don't directly affect EGIS'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 EGIS's value and its price as these two are different measures arrived at by different means. Investors typically determine if EGIS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EGIS'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.