Spky Etf Performance
| SPKY Etf | USD 4.92 0.12 2.38% |
The entity has a beta of 0.55, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SPKY's returns are expected to increase less than the market. However, during the bear market, the loss of holding SPKY is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days SPKY has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly strong forward-looking signals, SPKY is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors. ...more
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SPKY Relative Risk vs. Return Landscape
If you would invest 492.00 in SPKY on October 9, 2024 and sell it today you would earn a total of 0.00 from holding SPKY or generate 0.0% return on investment over 90 days. SPKY 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 SPKY, 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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SPKY Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPKY's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as SPKY, and traders can use it to determine the average amount a SPKY'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 SPKY 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 SPKY by adding SPKY to a well-diversified portfolio.
SPKY Fundamentals Growth
SPKY Etf prices reflect investors' perceptions of the future prospects and financial health of SPKY, and SPKY 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 SPKY Etf performance.
| Total Asset | 3.59 M | |||
About SPKY Performance
Evaluating SPKY's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if SPKY 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 SPKY has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund seeks to achieve their respective investment objectives through the appropriate amount of exposure to the SPIKES futures contracts included in the index. Convexityshares Daily is traded on NYSEARCA Exchange in the United States.| SPKY is not yet fully synchronised with the market data | |
| The fund maintains 165.42% of its assets in stocks |
Check out World Market Map 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 industry. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
The market value of SPKY is measured differently than its book value, which is the value of SPKY that is recorded on the company's balance sheet. Investors also form their own opinion of SPKY's value that differs from its market value or its book value, called intrinsic value, which is SPKY'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 SPKY's market value can be influenced by many factors that don't directly affect SPKY'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 SPKY's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPKY is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPKY'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.