Tidal ETF Financials
| HFND Etf | USD 22.78 0.06 0.26% |
Net Expense Ratio 0.0122 |
Tidal |
The data published in Tidal ETF's official financial statements typically reflect Tidal ETF's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Tidal ETF's quantitative information. For example, before you start analyzing numbers published by Tidal accountants, it's essential to understand Tidal ETF's liquidity, profitability, and earnings quality within the context of the Unlimited space in which it operates.
Please note, the presentation of Tidal ETF's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Tidal ETF's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Tidal ETF's management manipulating its earnings.
Tidal ETF Etf Summary
Tidal ETF competes with IMGP DBi, Simplify Exchange, and KFA Mount. The funds portfolio will generally consist of long and short positions in 30 to 50 Underlying ETFs and futures contracts. Tidal ETF is traded on NYSEARCA Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US8863644394 |
| CUSIP | 886364439 |
| Region | Global |
| Investment Issuer | Toroso Investments |
| Etf Family | Unlimited |
| Fund Category | Absolute Returns |
| Portfolio Concentration | Global Macro |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
Tidal Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Tidal ETF's current stock value. Our valuation model uses many indicators to compare Tidal ETF value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Tidal ETF competition to find correlations between indicators driving Tidal ETF's intrinsic value. More Info.Tidal ETF Trust is one of the top ETFs in one year return as compared to similar ETFs. It also is one of the top ETFs in net asset as compared to similar ETFs making up about 273,077 of Net Asset per One Year Return. Comparative valuation analysis is a catch-all technique that is used if you cannot value Tidal ETF by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Tidal ETF Trust Systematic Risk
Tidal ETF's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Tidal ETF volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Tidal ETF Trust correlated with the market. If Beta is less than 0 Tidal ETF generally moves in the opposite direction as compared to the market. If Tidal ETF Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Tidal ETF Trust is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Tidal ETF is generally in the same direction as the market. If Beta > 1 Tidal ETF moves generally in the same direction as, but more than the movement of the benchmark.
About Tidal ETF Financials
What exactly are Tidal ETF Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Tidal ETF's income statement, its balance sheet, and the statement of cash flows. Potential Tidal ETF investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Tidal ETF investors may use each financial statement separately, they are all related. The changes in Tidal ETF's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Tidal ETF's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.Tidal ETF Thematic Clasifications
Tidal ETF Trust is part of several thematic ideas from Absolute Returns ETFs to Global Macro ETFs. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasTidal ETF November 22, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Tidal ETF help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Tidal ETF Trust. We use our internally-developed statistical techniques to arrive at the intrinsic value of Tidal ETF Trust based on widely used predictive technical indicators. In general, we focus on analyzing Tidal Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Tidal ETF's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.6669 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 2.63 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 0.9404 |
Check out Risk vs Return 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 board of governors. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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.