Smartetfs Smart Transportation Etf Performance
| MOTO Etf | USD 42.63 0.27 0.63% |
The entity has a beta of 0.93, which indicates possible diversification benefits within a given portfolio. SmartETFs Smart returns are very sensitive to returns on the market. As the market goes up or down, SmartETFs Smart is expected to follow.
Risk-Adjusted Performance
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Over the last 90 days SmartETFs Smart Transportation has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy basic indicators, SmartETFs Smart is not utilizing all of its potentials. The latest stock price disarray, may contribute to short-term losses for the investors. ...more
| In Threey Sharp Ratio | -0.12 |
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SmartETFs Smart Relative Risk vs. Return Landscape
If you would invest 4,357 in SmartETFs Smart Transportation on August 30, 2024 and sell it today you would lose (94.00) from holding SmartETFs Smart Transportation or give up 2.16% of portfolio value over 90 days. SmartETFs Smart Transportation is currently does not generate positive expected returns and assumes 1.2764% risk (volatility on return distribution) over the 90 days horizon. In different words, 11% of etfs are less volatile than SmartETFs, 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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SmartETFs Smart Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for SmartETFs Smart's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as SmartETFs Smart Transportation, and traders can use it to determine the average amount a SmartETFs Smart'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 = -0.0208
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| Negative Returns | MOTO |
Estimated Market Risk
| 1.28 actual daily | 11 89% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average SmartETFs Smart 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 SmartETFs Smart by adding SmartETFs Smart to a well-diversified portfolio.
SmartETFs Smart Fundamentals Growth
SmartETFs Etf prices reflect investors' perceptions of the future prospects and financial health of SmartETFs Smart, and SmartETFs Smart 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 SmartETFs Etf performance.
| Total Asset | 9.48 M | |||
About SmartETFs Smart Performance
By examining SmartETFs Smart's fundamental ratios, stakeholders can obtain critical insights into SmartETFs Smart'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 SmartETFs Smart 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.
The fund invests in publicly-traded equity securities of domestic or foreign companies that are involved in the development and production of products or services for Smart Transportation, including safer, cleaner or connected vehicles and Smart Transportation companies providing transportation as a service. Smartetfs Smart is traded on NYSEARCA Exchange in the United States.| SmartETFs Smart Tran generated a negative expected return over the last 90 days | |
| The fund created three year return of -1.0% | |
| SmartETFs Smart Tran maintains 95.26% of its assets in stocks |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in SmartETFs Smart Transportation. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
The market value of SmartETFs Smart Tran is measured differently than its book value, which is the value of SmartETFs that is recorded on the company's balance sheet. Investors also form their own opinion of SmartETFs Smart's value that differs from its market value or its book value, called intrinsic value, which is SmartETFs Smart's 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 SmartETFs Smart's market value can be influenced by many factors that don't directly affect SmartETFs Smart's 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 SmartETFs Smart's value and its price as these two are different measures arrived at by different means. Investors typically determine if SmartETFs Smart is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SmartETFs Smart's 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.