Fundx Etf Performance
| XCOR Etf | USD 73.71 0.50 0.67% |
The etf shows a Beta (market volatility) of 0.75, which means possible diversification benefits within a given portfolio. As returns on the market increase, FundX ETF's returns are expected to increase less than the market. However, during the bear market, the loss of holding FundX ETF is expected to be smaller as well.
Risk-Adjusted Performance
16 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in FundX ETF are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. Even with relatively weak basic indicators, FundX ETF may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
| In Threey Sharp Ratio | 0.28 |
FundX |
FundX ETF Relative Risk vs. Return Landscape
If you would invest 6,620 in FundX ETF on September 14, 2024 and sell it today you would earn a total of 751.00 from holding FundX ETF or generate 11.34% return on investment over 90 days. FundX ETF is currently generating 0.1743% in daily expected returns and assumes 0.8564% risk (volatility on return distribution) over the 90 days horizon. In different words, 7% of etfs are less volatile than FundX, and 97% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
FundX ETF Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for FundX ETF's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as FundX ETF, and traders can use it to determine the average amount a FundX 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 = 0.2035
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Estimated Market Risk
| 0.86 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.17 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.2 actual daily | 16 84% of assets perform better |
Based on monthly moving average FundX ETF is performing at about 16% 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 FundX ETF by adding it to a well-diversified portfolio.
FundX ETF Fundamentals Growth
FundX Etf prices reflect investors' perceptions of the future prospects and financial health of FundX ETF, and FundX 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 FundX Etf performance.
About FundX ETF Performance
Assessing FundX ETF's fundamental ratios provides investors with valuable insights into FundX ETF's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the FundX 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.
FundX ETF is entity of United States. It is traded as Etf on NYSE ARCA exchange.