Roundhill Big Tech Etf Performance
| BIGT Etf | 51.00 0.45 0.87% |
The etf holds a Beta of -0.31, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Roundhill BIG are expected to decrease at a much lower rate. During the bear market, Roundhill BIG is likely to outperform the market.
Risk-Adjusted Performance
14 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Roundhill BIG Tech are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively unsteady technical and fundamental indicators, Roundhill BIG unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
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Roundhill BIG Relative Risk vs. Return Landscape
If you would invest 4,315 in Roundhill BIG Tech on September 1, 2024 and sell it today you would earn a total of 785.00 from holding Roundhill BIG Tech or generate 18.19% return on investment over 90 days. Roundhill BIG Tech is currently generating 0.2762% in daily expected returns and assumes 1.463% risk (volatility on return distribution) over the 90 days horizon. In different words, 13% of etfs are less volatile than Roundhill, and 95% 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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Roundhill BIG Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Roundhill BIG's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Roundhill BIG Tech, and traders can use it to determine the average amount a Roundhill BIG'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 = 0.1888
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Estimated Market Risk
| 1.46 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.28 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Roundhill BIG is performing at about 14% 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 Roundhill BIG by adding it to a well-diversified portfolio.
About Roundhill BIG Performance
Assessing Roundhill BIG's fundamental ratios provides investors with valuable insights into Roundhill BIG's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Roundhill BIG 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.
Roundhill BIG is entity of United States. It is traded as Etf on NASDAQ exchange.