Draco Evolution Ai Etf Performance
| DRAI Etf | 23.90 0.27 1.14% |
The etf shows a Beta (market volatility) of 0.12, which means not very significant fluctuations relative to the market. As returns on the market increase, Draco Evolution's returns are expected to increase less than the market. However, during the bear market, the loss of holding Draco Evolution is expected to be smaller as well.
Risk-Adjusted Performance
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Weak
Compared to the overall equity markets, risk-adjusted returns on investments in Draco Evolution AI are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. Despite fairly strong basic indicators, Draco Evolution is not utilizing all of its potentials. The latest stock price confusion, may contribute to short-horizon losses for the traders. ...more
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Draco Evolution Relative Risk vs. Return Landscape
If you would invest 2,376 in Draco Evolution AI on October 25, 2024 and sell it today you would earn a total of 14.00 from holding Draco Evolution AI or generate 0.59% return on investment over 90 days. Draco Evolution AI is currently generating 0.0153% in daily expected returns and assumes 1.0372% risk (volatility on return distribution) over the 90 days horizon. In different words, 9% of etfs are less volatile than Draco, 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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Draco Evolution Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Draco Evolution's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Draco Evolution AI, and traders can use it to determine the average amount a Draco Evolution'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 = 0.0148
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Estimated Market Risk
| 1.04 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 1 99% of assets perform better |
Based on monthly moving average Draco Evolution is performing at about 1% 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 Draco Evolution by adding it to a well-diversified portfolio.
About Draco Evolution Performance
By evaluating Draco Evolution's fundamental ratios, stakeholders can gain valuable insights into Draco Evolution's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Draco Evolution 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 Draco Evolution 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.