3iq Coinshares Ether Etf Performance
| ETHQ Etf | CAD 19.85 0.20 1.02% |
The etf shows a Beta (market volatility) of 2.22, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, 3iQ CoinShares will likely underperform.
Risk-Adjusted Performance
13 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in 3iQ CoinShares Ether are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating basic indicators, 3iQ CoinShares displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
| In Threey Sharp Ratio | 0.09 |
3iQ |
3iQ CoinShares Relative Risk vs. Return Landscape
If you would invest 1,313 in 3iQ CoinShares Ether on September 3, 2024 and sell it today you would earn a total of 672.00 from holding 3iQ CoinShares Ether or generate 51.18% return on investment over 90 days. 3iQ CoinShares Ether is generating 0.7334% of daily returns and assumes 4.2331% volatility on return distribution over the 90 days horizon. Simply put, 37% of etfs are less volatile than 3iQ, and 86% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
3iQ CoinShares Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for 3iQ CoinShares' investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as 3iQ CoinShares Ether, and traders can use it to determine the average amount a 3iQ CoinShares' 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 = 0.1733
| Best Portfolio | Best Equity | |||
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| Small Returns | ETHQ | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 4.23 actual daily | 37 63% of assets are more volatile |
Expected Return
| 0.73 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average 3iQ CoinShares is performing at about 13% 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 3iQ CoinShares by adding it to a well-diversified portfolio.
3iQ CoinShares Fundamentals Growth
3iQ Etf prices reflect investors' perceptions of the future prospects and financial health of 3iQ CoinShares, and 3iQ CoinShares fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on 3iQ Etf performance.
| Total Asset | 403.34 M | |||
About 3iQ CoinShares Performance
By examining 3iQ CoinShares' fundamental ratios, stakeholders can obtain critical insights into 3iQ CoinShares' financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that 3iQ CoinShares is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
3IQ COINSHARES is traded on Toronto Stock Exchange in Canada.| 3iQ CoinShares Ether appears to be risky and price may revert if volatility continues | |
| The fund generated three year return of -6.0% | |
| 3iQ CoinShares Ether retains all of the assets under management (AUM) in different types of exotic instruments |
Other Information on Investing in 3iQ Etf
3iQ CoinShares financial ratios help investors to determine whether 3iQ Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in 3iQ with respect to the benefits of owning 3iQ CoinShares security.