Nbi Active Canadian Etf Performance
| NPRF Etf | CAD 24.47 0.01 0.04% |
The entity secures a Beta (Market Risk) of -0.0418, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NBI Active are expected to decrease at a much lower rate. During the bear market, NBI Active is likely to outperform the market.
Risk-Adjusted Performance
25 of 100
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Solid
Compared to the overall equity markets, risk-adjusted returns on investments in NBI Active Canadian are ranked lower than 25 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy basic indicators, NBI Active is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
| In Threey Sharp Ratio | 0.08 |
NBI |
NBI Active Relative Risk vs. Return Landscape
If you would invest 2,301 in NBI Active Canadian on November 2, 2024 and sell it today you would earn a total of 146.00 from holding NBI Active Canadian or generate 6.35% return on investment over 90 days. NBI Active Canadian is generating 0.0997% of daily returns and assumes 0.3041% volatility on return distribution over the 90 days horizon. Simply put, 2% of etfs are less volatile than NBI, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
NBI Active Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NBI Active's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as NBI Active Canadian, and traders can use it to determine the average amount a NBI Active'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 = 0.3279
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Estimated Market Risk
| 0.3 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.33 actual daily | 25 75% of assets perform better |
Based on monthly moving average NBI Active is performing at about 25% 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 NBI Active by adding it to a well-diversified portfolio.
NBI Active Fundamentals Growth
NBI Etf prices reflect investors' perceptions of the future prospects and financial health of NBI Active, and NBI Active 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 NBI Etf performance.
| Total Asset | 39.89 M | |||
About NBI Active Performance
By examining NBI Active's fundamental ratios, stakeholders can obtain critical insights into NBI Active'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 NBI Active 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 Preferred Shares ETF investment objective is to generate tax-efficient dividend income while focusing on capital preservation. NBI ACTIVE is traded on Toronto Stock Exchange in Canada.| The fund maintains all of the assets in different exotic instruments |
Other Information on Investing in NBI Etf
NBI Active financial ratios help investors to determine whether NBI 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 NBI with respect to the benefits of owning NBI Active security.