Guinness Atkinson Asset Etf Profile
Guinness Atkinson is trading at 15.38 as of the 12th of December 2024, a No Change since the beginning of the trading day. The etf's lowest day price was 15.38. The performance scores are derived for the period starting the 12th of November 2024 and ending today, the 12th of December 2024. Click here to learn more.
Guinness Etf Highlights
| Old Name | SmartETFs Advertising & Marketing Technology ETF |
| Business Concentration | Communications, Guinness Atkinson (View all Sectors) |
| Country Name | USA |
| Returns Y T D | 0.2 |
| Name | SmartETFs Advertising Marketing Technology ETF |
| Currency Code | USD |
| Open Figi | BBG00YQ1F6W9 |
| In Threey Volatility | 24.74 |
| 1y Volatility | 20.14 |
| 200 Day M A | 15.0261 |
| 50 Day M A | 14.974 |
| Code | MRAD |
| Updated At | 3rd of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.84) |
| Type | ETF |
Guinness Atkinson Asset [MRAD] is traded in USA and was established 2020-12-31. The fund is listed under Communications category and is part of Guinness Atkinson family. Guinness Atkinson Asset now have 1.25 M in assets. , while the total return for the last 3 years was -19.7%.
Check Guinness Atkinson 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 Guinness Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Guinness 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 Guinness Atkinson Asset 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 Guinness Atkinson Asset Etf Constituents
| ADBE | Adobe Systems Incorporated | Stock | Information Technology | |
| AMZN | Amazon Inc | Stock | Consumer Discretionary | |
| APPS | Digital Turbine | Stock | Information Technology | |
| BIDU | Baidu Inc | Stock | Communication Services | |
| GOOGL | Alphabet Inc Class A | Stock | Communication Services | |
| HUBS | HubSpot | Stock | Information Technology | |
| PERI | Perion Network | Stock | Communication Services | |
| ROKU | Roku Inc | Stock | Communication Services |
Guinness Atkinson Asset 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 Guinness Atkinson. 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 | 0.8337 | |||
| Semi Deviation | 1.26 | |||
| Standard Deviation | 1.25 | |||
| Variance | 1.57 |
Guinness Atkinson Against Markets
Guinness Atkinson 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 Guinness Atkinson etf to make a market-neutral strategy. Peer analysis of Guinness Atkinson could also be used in its relative valuation, which is a method of valuing Guinness Atkinson by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Check out Correlation Analysis 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 nation. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
The market value of Guinness Atkinson Asset is measured differently than its book value, which is the value of Guinness that is recorded on the company's balance sheet. Investors also form their own opinion of Guinness Atkinson's value that differs from its market value or its book value, called intrinsic value, which is Guinness Atkinson'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 Guinness Atkinson's market value can be influenced by many factors that don't directly affect Guinness Atkinson'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 Guinness Atkinson's value and its price as these two are different measures arrived at by different means. Investors typically determine if Guinness Atkinson is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Guinness Atkinson'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.