Spinnaker Etf Series Etf Performance
| OOSP Etf | 10.16 0.01 0.1% |
The entity has a beta of -0.0082, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Spinnaker ETF are expected to decrease at a much lower rate. During the bear market, Spinnaker ETF is likely to outperform the market.
Risk-Adjusted Performance
24 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Spinnaker ETF Series are ranked lower than 24 (%) of all global equities and portfolios over the last 90 days. Even with relatively invariable basic indicators, Spinnaker ETF is not utilizing all of its potentials. The latest stock price agitation, may contribute to short-term losses for the retail investors. ...more
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Spinnaker ETF Relative Risk vs. Return Landscape
If you would invest 999.00 in Spinnaker ETF Series on August 26, 2024 and sell it today you would earn a total of 17.00 from holding Spinnaker ETF Series or generate 1.7% return on investment over 90 days. Spinnaker ETF Series is currently generating 0.026% in daily expected returns and assumes 0.0846% risk (volatility on return distribution) over the 90 days horizon. In different words, 0% of etfs are less volatile than Spinnaker, 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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Spinnaker ETF Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spinnaker ETF's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Spinnaker ETF Series, and traders can use it to determine the average amount a Spinnaker ETF'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 = 0.3074
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Based on monthly moving average Spinnaker ETF is performing at about 24% 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 Spinnaker ETF by adding it to a well-diversified portfolio.
About Spinnaker ETF Performance
Assessing Spinnaker ETF's fundamental ratios provides investors with valuable insights into Spinnaker ETF's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Spinnaker ETF 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.
Spinnaker ETF is entity of United States. It is traded as Etf on NYSE ARCA exchange.