Even Herd Long Etf Performance
| EHLS Etf | 23.44 0.31 1.34% |
The etf shows a Beta (market volatility) of 0.7, which means possible diversification benefits within a given portfolio. As returns on the market increase, Even Herd's returns are expected to increase less than the market. However, during the bear market, the loss of holding Even Herd is expected to be smaller as well.
Risk-Adjusted Performance
19 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Even Herd Long are ranked lower than 19 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak essential indicators, Even Herd unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Trading Report - Stock Traders Daily | 11/08/2024 |
2 | Trend Tracker for - Stock Traders Daily | 11/18/2024 |
Even |
Even Herd Relative Risk vs. Return Landscape
If you would invest 2,051 in Even Herd Long on August 29, 2024 and sell it today you would earn a total of 293.00 from holding Even Herd Long or generate 14.29% return on investment over 90 days. Even Herd Long is currently generating 0.2158% in daily expected returns and assumes 0.8587% risk (volatility on return distribution) over the 90 days horizon. In different words, 7% of etfs are less volatile than Even, and 96% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Even Herd Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Even Herd's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Even Herd Long, and traders can use it to determine the average amount a Even Herd's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2513
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Estimated Market Risk
| 0.86 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.22 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.25 actual daily | 19 81% of assets perform better |
Based on monthly moving average Even Herd is performing at about 19% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Even Herd by adding it to a well-diversified portfolio.
About Even Herd Performance
Assessing Even Herd's fundamental ratios provides investors with valuable insights into Even Herd's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Even Herd is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Even Herd is entity of United States. It is traded as Etf on NASDAQ exchange.| Latest headline from news.google.com: Trend Tracker for - Stock Traders Daily |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Even Herd Long. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
The market value of Even Herd Long is measured differently than its book value, which is the value of Even that is recorded on the company's balance sheet. Investors also form their own opinion of Even Herd's value that differs from its market value or its book value, called intrinsic value, which is Even Herd'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 Even Herd's market value can be influenced by many factors that don't directly affect Even Herd'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 Even Herd's value and its price as these two are different measures arrived at by different means. Investors typically determine if Even Herd is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Even Herd'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.