Tidal Etf Trust Etf Performance
| SHRT Etf | 7.65 0.04 0.53% |
The entity has a beta of -0.68, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Tidal ETF are expected to decrease at a much lower rate. During the bear market, Tidal ETF is likely to outperform the market.
Risk-Adjusted Performance
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Over the last 90 days Tidal ETF Trust has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest fragile performance, the Etf's basic indicators remain stable and the newest uproar on Wall Street may also be a sign of mid-term gains for the exchange-traded fund private investors. ...more
| In Threey Sharp Ratio | 0.28 |
Tidal |
Tidal ETF Relative Risk vs. Return Landscape
If you would invest 833.00 in Tidal ETF Trust on September 12, 2024 and sell it today you would lose (68.00) from holding Tidal ETF Trust or give up 8.16% of portfolio value over 90 days. Tidal ETF Trust is currently does not generate positive expected returns and assumes 0.7019% risk (volatility on return distribution) over the 90 days horizon. In different words, 6% of etfs are less volatile than Tidal, 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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Tidal ETF Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tidal ETF's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Tidal ETF Trust, and traders can use it to determine the average amount a Tidal ETF'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 = -0.1889
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| Negative Returns | SHRT |
Estimated Market Risk
| 0.7 actual daily | 6 94% of assets are more volatile |
Expected Return
| -0.13 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.19 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Tidal ETF 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 Tidal ETF by adding Tidal ETF to a well-diversified portfolio.
Tidal ETF Fundamentals Growth
Tidal Etf prices reflect investors' perceptions of the future prospects and financial health of Tidal ETF, and Tidal ETF 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 Tidal Etf performance.
About Tidal ETF Performance
Assessing Tidal ETF's fundamental ratios provides investors with valuable insights into Tidal ETF's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Tidal ETF 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.
| Tidal ETF Trust generated a negative expected return over the last 90 days | |
| The fund created five year return of -2.0% |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tidal ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
The market value of Tidal ETF Trust is measured differently than its book value, which is the value of Tidal that is recorded on the company's balance sheet. Investors also form their own opinion of Tidal ETF's value that differs from its market value or its book value, called intrinsic value, which is Tidal ETF'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 Tidal ETF's market value can be influenced by many factors that don't directly affect Tidal ETF'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 Tidal ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tidal ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tidal ETF'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.