Tidal Etf Trust Etf Performance
| THTA Etf | 19.10 0.04 0.21% |
The entity has a beta of 0.3, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tidal ETF's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tidal ETF is expected to be smaller as well.
Risk-Adjusted Performance
18 of 100
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Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Tidal ETF Trust are ranked lower than 18 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong basic indicators, Tidal ETF is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors. ...more
1 | SoFi Announces Monthly Distributions on THTA | 09/16/2024 |
Tidal |
Tidal ETF Relative Risk vs. Return Landscape
If you would invest 1,807 in Tidal ETF Trust on September 1, 2024 and sell it today you would earn a total of 103.00 from holding Tidal ETF Trust or generate 5.7% return on investment over 90 days. Tidal ETF Trust is currently generating 0.0873% in daily expected returns and assumes 0.3651% risk (volatility on return distribution) over the 90 days horizon. In different words, 3% 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 = 0.2391
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Estimated Market Risk
| 0.37 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 18 82% of assets perform better |
Based on monthly moving average Tidal ETF is performing at about 18% 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 Tidal ETF by adding it to a well-diversified portfolio.
About Tidal ETF Performance
By analyzing Tidal ETF's fundamental ratios, stakeholders can gain valuable insights into Tidal ETF's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Tidal ETF 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 Tidal ETF has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Tidal ETF is entity of United States. It is traded as Etf on NYSE ARCA exchange.