Ninepoint Energy Income Etf Performance
| NRGI Etf | 19.47 0.15 0.76% |
The etf secures a Beta (Market Risk) of 0.0811, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Ninepoint Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ninepoint Energy is expected to be smaller as well.
Risk-Adjusted Performance
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Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Ninepoint Energy Income are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of rather sound technical and fundamental indicators, Ninepoint Energy is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
1 | Ninepoint Partners Announces November 2024 Cash Distributions for ETF Series Securities - The Manila Times | 11/22/2024 |
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Ninepoint Energy Relative Risk vs. Return Landscape
If you would invest 1,891 in Ninepoint Energy Income on September 4, 2024 and sell it today you would earn a total of 56.00 from holding Ninepoint Energy Income or generate 2.96% return on investment over 90 days. Ninepoint Energy Income is generating 0.0549% of daily returns and assumes 1.3217% volatility on return distribution over the 90 days horizon. Simply put, 11% of etfs are less volatile than Ninepoint, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Ninepoint Energy Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ninepoint Energy's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Ninepoint Energy Income, and traders can use it to determine the average amount a Ninepoint Energy'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 = 0.0416
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Estimated Market Risk
| 1.32 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Ninepoint Energy is performing at about 3% 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 Ninepoint Energy by adding it to a well-diversified portfolio.
About Ninepoint Energy Performance
By analyzing Ninepoint Energy's fundamental ratios, stakeholders can gain valuable insights into Ninepoint Energy's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Ninepoint Energy 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 Ninepoint Energy has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Ninepoint Energy is entity of Canada. It is traded as Etf on NEO exchange.| Latest headline from news.google.com: Ninepoint Partners Announces November 2024 Cash Distributions for ETF Series Securities - The Manila Times |
Other Information on Investing in Ninepoint Etf
Ninepoint Energy financial ratios help investors to determine whether Ninepoint 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 Ninepoint with respect to the benefits of owning Ninepoint Energy security.