Purpose Ether Yield Etf Performance
| ETHY Etf | 3.11 0.09 2.98% |
The etf holds a Beta of 0.94, which implies possible diversification benefits within a given portfolio. Purpose Ether returns are very sensitive to returns on the market. As the market goes up or down, Purpose Ether is expected to follow.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Purpose Ether Yield has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest unfluctuating performance, the Etf's basic indicators remain healthy and the recent disarray on Wall Street may also be a sign of long period gains for the ETF investors. ...more
| In Threey Sharp Ratio | 0.30 |
Purpose |
Purpose Ether Relative Risk vs. Return Landscape
If you would invest 361.00 in Purpose Ether Yield on November 19, 2024 and sell it today you would lose (50.00) from holding Purpose Ether Yield or give up 13.85% of portfolio value over 90 days. Purpose Ether Yield is generating negative expected returns and assumes 4.3739% volatility on return distribution over the 90 days horizon. Simply put, 38% of etfs are less volatile than Purpose, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Purpose Ether Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Purpose Ether's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Purpose Ether Yield, and traders can use it to determine the average amount a Purpose Ether'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 = -0.0326
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ETHY |
Estimated Market Risk
| 4.37 actual daily | 38 62% of assets are more volatile |
Expected Return
| -0.14 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Purpose Ether is not performing at its full potential. However, 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 Purpose Ether by adding Purpose Ether to a well-diversified portfolio.
Purpose Ether Fundamentals Growth
Purpose Etf prices reflect investors' perceptions of the future prospects and financial health of Purpose Ether, and Purpose Ether 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 Purpose Etf performance.
About Purpose Ether Performance
By examining Purpose Ether's fundamental ratios, stakeholders can obtain critical insights into Purpose Ether's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Purpose Ether is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Purpose Ether Yield generated a negative expected return over the last 90 days | |
| Purpose Ether Yield has high historical volatility and very poor performance | |
| The fund generated three year return of -7.0% |
Other Information on Investing in Purpose Etf
Purpose Ether financial ratios help investors to determine whether Purpose Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Purpose with respect to the benefits of owning Purpose Ether security.