Tidal Commodities Trust Etf Performance
| DEFI Etf | USD 109.91 5.98 5.75% |
The entity has a beta of 1.99, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Tidal Commodities will likely underperform.
Risk-Adjusted Performance
19 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Tidal Commodities Trust are ranked lower than 19 (%) of all global equities and portfolios over the last 90 days. Despite fairly fragile technical and fundamental indicators, Tidal Commodities demonstrated solid returns over the last few months and may actually be approaching a breakup point. ...more
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Tidal |
Tidal Commodities Relative Risk vs. Return Landscape
If you would invest 6,712 in Tidal Commodities Trust on August 30, 2024 and sell it today you would earn a total of 4,279 from holding Tidal Commodities Trust or generate 63.75% return on investment over 90 days. Tidal Commodities Trust is currently generating 0.8268% in daily expected returns and assumes 3.3391% risk (volatility on return distribution) over the 90 days horizon. In different words, 29% of etfs are less volatile than Tidal, and 84% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Tidal Commodities Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tidal Commodities' investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Tidal Commodities Trust, and traders can use it to determine the average amount a Tidal Commodities' 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 = 0.2476
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Estimated Market Risk
| 3.34 actual daily | 29 71% of assets are more volatile |
Expected Return
| 0.83 actual daily | 16 84% of assets have higher returns |
Risk-Adjusted Return
| 0.25 actual daily | 19 81% of assets perform better |
Based on monthly moving average Tidal Commodities is performing at about 19% 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 Commodities by adding it to a well-diversified portfolio.
About Tidal Commodities Performance
By evaluating Tidal Commodities' fundamental ratios, stakeholders can gain valuable insights into Tidal Commodities' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Tidal Commodities 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 Commodities 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.
Tidal Commodities is entity of United States. It is traded as Etf on NYSE ARCA exchange.| Tidal Commodities appears to be risky and price may revert if volatility continues | |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Tidal Commodities 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 census. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
The market value of Tidal Commodities 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 Commodities' value that differs from its market value or its book value, called intrinsic value, which is Tidal Commodities' 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 Commodities' market value can be influenced by many factors that don't directly affect Tidal Commodities' 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 Commodities' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tidal Commodities is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tidal Commodities' 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.