Altshares Event Driven Etf Profile
| EVNT Etf | USD 10.73 0.02 0.19% |
Performance13 of 100
| Odds Of DistressLess than 9
|
AltShares Event is selling for under 10.73 as of the 27th of November 2024; that is 0.19 percent decrease since the beginning of the trading day. The etf's last reported lowest price was 10.73. AltShares Event has less than a 9 % chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for AltShares Event Driven ETF are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of December 2022 and ending today, the 27th of November 2024. Click here to learn more.
To pursue the funds investment objective, the adviser employs a longshort event-driven strategy, which seeks to profit by investing, long andor short, in the equity and debt securities of companies whose prices Water Island Capital, LLC believes are or will be impacted by a publicly announced or anticipated corporate event. More on AltShares Event Driven ETF
Moving together with AltShares Etf
Moving against AltShares Etf
AltShares Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Target Outcome ETFs, Asset Allocation ETFs, Event Driven, AltShares (View all Sectors) |
| Issuer | Water Island Capital |
| Inception Date | 2014-12-31 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 4.93 Million |
| Asset Type | Multi Asset |
| Category | Asset Allocation |
| Focus | Target Outcome |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | State Street Bank and Trust Company |
| Advisor | State Street Bank and Trust Company |
| Custodian | State Street Bank and Trust Company |
| Distributor | Foreside Fund Services, LLC |
| Portfolio Manager | John Orrico, Eric Becker |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 31-May |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 142 |
| Market Maker | GTS |
| Total Expense | 1.29 |
| Management Fee | 1.25 |
| Country Name | USA |
| Returns Y T D | 4.81 |
| Name | AltShares Event-Driven ETF |
| Currency Code | USD |
| Open Figi | BBG012GMRR90 |
| In Threey Volatility | 8.55 |
| 1y Volatility | 8.35 |
| 200 Day M A | 10.1807 |
| 50 Day M A | 10.6379 |
| Code | EVNT |
| Updated At | 27th of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.27) |
| Type | ETF |
AltShares Event Driven ETF [EVNT] is traded in USA and was established 2021-09-20. The fund is listed under Event Driven category and is part of AltShares family. The entity is thematically classified as Target Outcome ETFs. AltShares Event Driven currently have 3.01 M in assets under management (AUM). , while the total return for the last 3 years was 2.9%.
Check AltShares Event Probability Of Bankruptcy
Geographic Allocation (%)
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 AltShares Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding AltShares 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 AltShares Event Driven ETF 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.
AltShares Event Driven Currency Exposure
AltShares Event Driven ETF holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of AltShares Event will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in AltShares Event Driven ETF.
Top AltShares Event Driven ETF Etf Constituents
| CPRI | Capri Holdings | Stock | Consumer Discretionary | |
| K | Kellanova | Stock | Consumer Staples | |
| HCP | Hashicorp | Stock | Information Technology | |
| RIVN | Rivian Automotive | Stock | Consumer Discretionary | |
| MRO | Marathon Oil | Stock | Energy | |
| PACB | Pacific Biosciences of | Stock | Health Care | |
| EVRI | Everi Holdings | Stock | Consumer Discretionary | |
| CGX | Cineplex | Stock | Communication Services |
AltShares Event Driven 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 AltShares Event. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.1034 | |||
| Jensen Alpha | 0.008 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.35) |
AltShares Event Against Markets
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in AltShares Event Driven ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
The market value of AltShares Event Driven is measured differently than its book value, which is the value of AltShares that is recorded on the company's balance sheet. Investors also form their own opinion of AltShares Event's value that differs from its market value or its book value, called intrinsic value, which is AltShares Event'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 AltShares Event's market value can be influenced by many factors that don't directly affect AltShares Event'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 AltShares Event's value and its price as these two are different measures arrived at by different means. Investors typically determine if AltShares Event is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AltShares Event'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.