Fundx Etf Alpha and Beta Analysis
| XCOR Etf | USD 73.71 0.50 0.67% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as FundX ETF. It also helps investors analyze the systematic and unsystematic risks associated with investing in FundX ETF over a specified time horizon. Remember, high FundX ETF's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to FundX ETF's market risk premium analysis include:
Beta 0.0376 | Alpha 0.21 | Risk 0.85 | Sharpe Ratio 0.2 | Expected Return 0.17 |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
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FundX ETF Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. FundX ETF market risk premium is the additional return an investor will receive from holding FundX ETF long position in a well-diversified portfolio. 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 FundX 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. Alpha and beta are two of the key measurements used to evaluate FundX ETF's performance over market.| α | 0.21 | β | 0.04 |
FundX ETF expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of FundX ETF's Buy-and-hold return. Our buy-and-hold chart shows how FundX ETF performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.FundX ETF Market Price Analysis
Market price analysis indicators help investors to evaluate how FundX ETF etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading FundX ETF shares will generate the highest return on investment. By understating and applying FundX ETF etf market price indicators, traders can identify FundX ETF position entry and exit signals to maximize returns.
FundX ETF Return and Market Media
The median price of FundX ETF for the period between Fri, Sep 13, 2024 and Thu, Dec 12, 2024 is 69.11 with a coefficient of variation of 3.23. The daily time series for the period is distributed with a sample standard deviation of 2.24, arithmetic mean of 69.37, and mean deviation of 1.83. The Etf did not receive any noticable media coverage during the period. Price Growth (%) |
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About FundX ETF Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including FundX or other etfs. Alpha measures the amount that position in FundX ETF has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards FundX ETF in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, FundX ETF's short interest history, or implied volatility extrapolated from FundX ETF options trading.
Build Portfolio with FundX ETF
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Align your risk with return expectations
Check out FundX ETF Backtesting, Portfolio Optimization, FundX ETF Correlation, FundX ETF Hype Analysis, FundX ETF Volatility, FundX ETF History and analyze FundX ETF Performance. To learn how to invest in FundX Etf, please use our How to Invest in FundX ETF guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
FundX ETF technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.