Altshares Event Driven Etf Performance
| EVNT Etf | USD 10.75 0.02 0.19% |
The etf shows a Beta (market volatility) of 0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AltShares Event's returns are expected to increase less than the market. However, during the bear market, the loss of holding AltShares Event is expected to be smaller as well.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in AltShares Event Driven ETF are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively stable basic indicators, AltShares Event is not utilizing all of its potentials. The recent stock price uproar, may contribute to short-horizon losses for the private investors. ...more
| In Threey Sharp Ratio | -0.27 |
AltShares |
AltShares Event Relative Risk vs. Return Landscape
If you would invest 1,047 in AltShares Event Driven ETF on August 30, 2024 and sell it today you would earn a total of 28.00 from holding AltShares Event Driven ETF or generate 2.67% return on investment over 90 days. AltShares Event Driven ETF is currently generating 0.0422% in daily expected returns and assumes 0.2491% risk (volatility on return distribution) over the 90 days horizon. In different words, 2% of etfs are less volatile than AltShares, and 99% 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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AltShares Event Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for AltShares Event's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as AltShares Event Driven ETF, and traders can use it to determine the average amount a AltShares Event'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 = 0.1694
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| Negative Returns | EVNT |
Estimated Market Risk
| 0.25 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average AltShares Event 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 AltShares Event by adding it to a well-diversified portfolio.
AltShares Event Fundamentals Growth
AltShares Etf prices reflect investors' perceptions of the future prospects and financial health of AltShares Event, and AltShares Event 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 AltShares Etf performance.
| Total Asset | 3.01 M | |||
About AltShares Event Performance
Assessing AltShares Event's fundamental ratios provides investors with valuable insights into AltShares Event's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the AltShares Event 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.
To pursue the funds investment objective, the adviser employs a longshort event-driven strategy, which seeks to profit by investing, long andor short, in the equity and debt securities of companies whose prices Water Island Capital, LLC believes are or will be impacted by a publicly announced or anticipated corporate event. Altshares Event-Driven is traded on NYSEARCA Exchange in the United States.| The fund retains 92.42% of its assets under management (AUM) in equities |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in AltShares Event Driven ETF. 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 Transaction History module to view history of all your transactions and understand their impact on performance.
The market value of AltShares Event Driven is measured differently than its book value, which is the value of AltShares that is recorded on the company's balance sheet. Investors also form their own opinion of AltShares Event's value that differs from its market value or its book value, called intrinsic value, which is AltShares Event'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 AltShares Event's market value can be influenced by many factors that don't directly affect AltShares Event'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 AltShares Event's value and its price as these two are different measures arrived at by different means. Investors typically determine if AltShares Event is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AltShares Event'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.