Altshares Event Driven Etf Performance
| EVNT Etf | USD 11.65 0.03 0.26% |
The etf shows a Beta (market volatility) of 0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AltShares Event's returns are expected to increase less than the market. However, during the bear market, the loss of holding AltShares Event is expected to be smaller as well.
Risk-Adjusted Performance
Fair
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in AltShares Event Driven ETF are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively stable basic indicators, AltShares Event is not utilizing all of its potentials. The recent stock price uproar, may contribute to short-horizon losses for the private investors. ...more
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AltShares Event Relative Risk vs. Return Landscape
If you would invest 1,137 in AltShares Event Driven ETF on November 15, 2025 and sell it today you would earn a total of 25.00 from holding AltShares Event Driven ETF or generate 2.2% return on investment over 90 days. AltShares Event Driven ETF is currently generating 0.0368% in daily expected returns and assumes 0.3355% risk (volatility on return distribution) over the 90 days horizon. In different words, 3% of etfs are less volatile than AltShares, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
3 y Volatility 6.17 | 200 Day MA 11.632 | 1 y Volatility 3.23 | 50 Day MA 11.7227 | Inception Date 2014-12-31 |
AltShares Event Target Price Odds to finish over Current Price
The tendency of AltShares Etf price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 11.65 | 90 days | 11.65 | about 9.24 |
Based on a normal probability distribution, the odds of AltShares Event to move above the current price in 90 days from now is about 9.24 (This AltShares Event Driven ETF probability density function shows the probability of AltShares Etf to fall within a particular range of prices over 90 days) .
AltShares Event Price Density |
| Price |
Predictive Modules for AltShares Event
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as AltShares Event Driven. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.AltShares Event Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. AltShares Event is not an exception. The market had few large corrections towards the AltShares Event's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold AltShares Event Driven ETF, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of AltShares Event within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | 0.21 | |
σ | Overall volatility | 0.09 | |
Ir | Information ratio | -0.13 |
AltShares Event Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of AltShares Event for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for AltShares Event Driven can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The fund retains 92.42% of its assets under management (AUM) in equities |
AltShares Event Fundamentals Growth
AltShares Etf prices reflect investors' perceptions of the future prospects and financial health of AltShares Event, and AltShares Event 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 AltShares Etf performance.
| Total Asset | 3.01 M | |||
About AltShares Event Performance
Assessing AltShares Event's fundamental ratios provides investors with valuable insights into AltShares Event's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the AltShares Event 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.
To pursue the funds investment objective, the adviser employs a longshort event-driven strategy, which seeks to profit by investing, long andor short, in the equity and debt securities of companies whose prices Water Island Capital, LLC believes are or will be impacted by a publicly announced or anticipated corporate event. Altshares Event-Driven is traded on NYSEARCA Exchange in the United States.| The fund retains 92.42% of its assets under management (AUM) in equities |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in AltShares Event Driven ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Understanding AltShares Event Driven requires distinguishing between market price and book value, where the latter reflects AltShares's accounting equity. The concept of intrinsic value - what AltShares Event's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. Market sentiment, economic cycles, and investor behavior can push AltShares Event's price substantially above or below its fundamental value.
It's important to distinguish between AltShares Event's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding AltShares Event should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. In contrast, AltShares Event's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.