Tidal Etf Trust Etf Profile
| LBAY Etf | USD 26.54 0.09 0.34% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Tidal ETF is trading at 26.54 as of the 25th of November 2024; that is 0.34 percent increase since the beginning of the trading day. The etf's open price was 26.45. Tidal ETF has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Tidal ETF Trust are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of October 2024 and ending today, the 25th of November 2024. Click here to learn more.
The fund is an actively-managed ETF that seeks to achieve its investment objective by purchasing long positions in securities believed to provide sustainable shareholder yield and taking short positions in securities expected to decline in price. Leatherback LongShort is traded on NYSEARCA Exchange in the United States.. More on Tidal ETF Trust
Moving against Tidal Etf
Tidal Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Target Outcome ETFs, Asset Allocation ETFs, Long-Short Equity, Leatherback (View all Sectors) |
| Issuer | Toroso Investments |
| Inception Date | 2020-11-16 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 40.34 Million |
| Asset Type | Multi Asset |
| Category | Asset Allocation |
| Focus | Target Outcome |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | Tidal ETF Services LLC |
| Advisor | Toroso Investments, LLC |
| Custodian | U.S. Bank, N.A. |
| Distributor | Foreside Fund Services, LLC |
| Portfolio Manager | Michael Venuto, Charles Ragauss, Michael Winter |
| Transfer Agent | U.S. Bancorp Fund Services, LLC |
| Fiscal Year End | 31-Aug |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 55.0 |
| Market Maker | GTS |
| Total Expense | 1.24 |
| Management Fee | 0.95 |
| Country Name | USA |
| Returns Y T D | 5.2 |
| Name | Tidal ETF Trust - Leatherback LongShort Alternative Yield ETF |
| Currency Code | USD |
| Open Figi | BBG00Y6SLVX9 |
| In Threey Volatility | 14.88 |
| 1y Volatility | 10.07 |
| 200 Day M A | 26.7178 |
| 50 Day M A | 27.1539 |
| Code | LBAY |
| Updated At | 24th of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.3 |
| Type | ETF |
Tidal ETF Trust [LBAY] is traded in USA and was established 2020-11-16. The fund is listed under Long-Short Equity category and is part of Leatherback family. The entity is thematically classified as Target Outcome ETFs. Tidal ETF Trust now have 51.57 M in assets. , while the total return for the last 3 years was 7.5%.
Check Tidal ETF 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 Tidal Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Tidal 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 Tidal ETF Trust 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 Tidal ETF Trust Etf Constituents
| FGXXX | First American Funds | Money Market Fund | US Money Market Fund | |
| ZBH | Zimmer Biomet Holdings | Stock | Health Care | |
| XOM | Exxon Mobil Corp | Stock | Energy | |
| VTRS | Viatris | Stock | Health Care | |
| SCHW | Charles Schwab Corp | Stock | Financials | |
| ORI | Old Republic International | Stock | Financials | |
| NEM | Newmont Goldcorp Corp | Stock | Materials | |
| HRB | HR Block | Stock | Consumer Discretionary |
Tidal ETF Trust 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 Tidal ETF. 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 | (0.02) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.08) |
Tidal ETF Against Markets
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 nation. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.