Spinnaker Etf Series Etf Market Outlook
| LGHT Etf | USD 9.27 0.29 3.03% |
Slightly above 61% of Spinnaker ETF's investor base is looking to short. The current sentiment regarding investing in Spinnaker ETF Series etf implies that many traders are alarmed. Spinnaker ETF's investing sentiment can be driven by a variety of factors including economic data, Spinnaker ETF's earnings reports, geopolitical events, and overall market trends.
Comfort Level 39
Alarmed
Panic | Confidence |
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use Spinnaker ETF's input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward Spinnaker ETF Series.
News SentimentNeutral | Hype SentimentBearish | Insider SentimentWaiting |
Given the investment horizon of 90 days and your complete indifference towards market risk, our recommendation regarding Spinnaker ETF Series is 'Strong Hold'. A buy or sell recommendation is an automated directive regarding whether to purchase or sell Spinnaker ETF Series given historical horizon and risk tolerance. When we issue a 'buy' or 'sell' recommendation for Spinnaker ETF Series, the advice is generated through an automated system that utilizes algorithms and statistical models.
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Execute Spinnaker ETF Advice
The Spinnaker recommendation should be used to complement the investment advice compiled from the current analysts' consensus on Spinnaker ETF Series. Macroaxis does not own or have any residual interests in Spinnaker ETF Series or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Spinnaker ETF's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Weakest | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Moves indifferently to market moves | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Not Available | Details | |
Financial Leverage | Not Rated | Details |
For the selected time horizon Spinnaker ETF Series has a Risk Adjusted Performance of (0.08), Jensen Alpha of (0.13), Total Risk Alpha of (0.21) and Treynor Ratio of 3.6We provide advice to complement the current expert consensus on Spinnaker ETF. Our dynamic recommendation engine harnesses a multidimensional algorithm to analyze the entity's potential to grow using all technical and fundamental data available at the time. Use Spinnaker ETF cash per share and total asset to ensure your buy or sell decision on Spinnaker ETF Series is adequate.
Spinnaker ETF Trading Alerts and Improvement Suggestions
| Spinnaker ETF Series generated a negative expected return over the last 90 days | |
| The fund maintains all of the assets in different exotic instruments |
Spinnaker ETF Returns Distribution Density
The distribution of Spinnaker ETF's historical returns is an attempt to chart the uncertainty of Spinnaker ETF's future price movements. The chart of the probability distribution of Spinnaker ETF daily returns describes the distribution of returns around its average expected value. We use Spinnaker ETF Series price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Spinnaker ETF returns is essential to provide solid investment analysis for Spinnaker ETF.
| Mean Return | -0.12 | Value At Risk | -1.81 | Potential Upside | 1.74 | Standard Deviation | 1.12 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Spinnaker ETF historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Spinnaker ETF Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Spinnaker ETF or Financial Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Spinnaker ETF's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Spinnaker etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.13 | |
β | Beta against Dow Jones | -0.04 | |
σ | Overall volatility | 1.07 | |
Ir | Information ratio | -0.17 |
Spinnaker ETF Volatility Alert
Spinnaker ETF Series exhibits very low volatility with skewness of -0.02 and kurtosis of 0.6. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Spinnaker ETF's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Spinnaker ETF's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Spinnaker ETF Fundamentals Vs Peers
Comparing Spinnaker ETF's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Spinnaker ETF's direct or indirect competition across all of the common fundamentals between Spinnaker ETF and the related equities. This way, we can detect undervalued stocks with similar characteristics as Spinnaker ETF or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of Spinnaker ETF's fundamental indicators could also be used in its relative valuation, which is a method of valuing Spinnaker ETF by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Spinnaker ETF to competition |
| Fundamentals | Spinnaker ETF | Peer Average |
| Price To Earning | 13.40 X | 3.15 X |
| One Year Return | (12.80) % | (0.97) % |
| Net Asset | 303.94 M | 2.29 B |
| Last Dividend Paid | 0.4 | 0.14 |
Spinnaker ETF Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Spinnaker . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Spinnaker ETF Buy or Sell Advice
When is the right time to buy or sell Spinnaker ETF Series? Buying financial instruments such as Spinnaker Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Spinnaker ETF in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Health Care ETFs theme has 50 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Health Care ETFs Theme or any other thematic opportunities.
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Check out Spinnaker ETF Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
The market value of Spinnaker ETF Series is measured differently than its book value, which is the value of Spinnaker that is recorded on the company's balance sheet. Investors also form their own opinion of Spinnaker ETF's value that differs from its market value or its book value, called intrinsic value, which is Spinnaker ETF's true underlying value. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. Because Spinnaker ETF's market value can be influenced by many factors that don't directly affect Spinnaker ETF's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Understanding that Spinnaker ETF's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Spinnaker ETF represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. Meanwhile, Spinnaker ETF's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.