Nope Etf Performance
| NOPE Etf | USD 8.21 0.01 0.12% |
The etf secures a Beta (Market Risk) of 0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NOPE's returns are expected to increase less than the market. However, during the bear market, the loss of holding NOPE is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days NOPE has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound basic indicators, NOPE is not utilizing all of its potentials. The recent stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
NOPE |
NOPE Relative Risk vs. Return Landscape
If you would invest 821.00 in NOPE on September 3, 2024 and sell it today you would earn a total of 0.00 from holding NOPE or generate 0.0% return on investment over 90 days. NOPE is currently does not generate positive expected returns and assumes 0.0% risk (volatility on return distribution) over the 90 days horizon. In different words, 0% of etfs are less volatile than NOPE, 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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NOPE Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NOPE's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as NOPE, and traders can use it to determine the average amount a NOPE'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 = 0.0
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Based on monthly moving average NOPE is not performing at its full potential. However, 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 NOPE by adding NOPE to a well-diversified portfolio.
About NOPE Performance
By analyzing NOPE's fundamental ratios, stakeholders can gain valuable insights into NOPE's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if NOPE has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if NOPE has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| NOPE is not yet fully synchronised with the market data |
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
The market value of NOPE is measured differently than its book value, which is the value of NOPE that is recorded on the company's balance sheet. Investors also form their own opinion of NOPE's value that differs from its market value or its book value, called intrinsic value, which is NOPE'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 NOPE's market value can be influenced by many factors that don't directly affect NOPE'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 NOPE's value and its price as these two are different measures arrived at by different means. Investors typically determine if NOPE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NOPE'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.