The 2023 Etf Performance
| QLTI Etf | 23.27 0.46 1.94% |
The etf shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 2023 ETF's returns are expected to increase less than the market. However, during the bear market, the loss of holding 2023 ETF is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days The 2023 ETF has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Etf's basic indicators remain fairly strong which may send shares a bit higher in December 2024. The recent confusion may also be a sign of long-lasting up-swing for the Etf traders. ...more
1 | GMO Expands ETF Lineup with New ETFs Focused on Value, International Quality | 10/29/2024 |
2 | US ETF launches from 24th to 31st October, 2024 - ETF Express | 10/31/2024 |
3 | Disposition of 100 shares by Jagpal Sukhi of GMO INTERNATIONAL at 7.96 subject to Rule 16b-3 | 11/01/2024 |
4 | Acquisition by Anido Vicente Jr of 11000 shares of GMO INTERNATIONAL subject to Rule 16b-3 | 11/08/2024 |
2023 |
2023 ETF Relative Risk vs. Return Landscape
If you would invest 2,491 in The 2023 ETF on September 1, 2024 and sell it today you would lose (164.00) from holding The 2023 ETF or give up 6.58% of portfolio value over 90 days. The 2023 ETF is currently does not generate positive expected returns and assumes 1.0755% risk (volatility on return distribution) over the 90 days horizon. In different words, 9% of etfs are less volatile than 2023, 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 |
2023 ETF Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for 2023 ETF's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as The 2023 ETF, and traders can use it to determine the average amount a 2023 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 = -0.2583
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| Negative Returns | QLTI |
Estimated Market Risk
| 1.08 actual daily | 9 91% of assets are more volatile |
Expected Return
| -0.28 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.26 actual daily | 0 Most of other assets perform better |
Based on monthly moving average 2023 ETF 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 2023 ETF by adding 2023 ETF to a well-diversified portfolio.
2023 ETF Fundamentals Growth
2023 Etf prices reflect investors' perceptions of the future prospects and financial health of 2023 ETF, and 2023 ETF 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 2023 Etf performance.
| Return On Asset | -8.57 | |||
| Profit Margin | 114.29 % | |||
| Operating Margin | (98.79) % | |||
| Current Valuation | 23.62 M | |||
| Shares Outstanding | 52.83 M | |||
| Price To Earning | 3.80 X | |||
| Price To Book | 1.29 X | |||
| Price To Sales | 9.79 X | |||
| Revenue | 42.23 M | |||
| Cash And Equivalents | 73.06 M | |||
| Cash Per Share | 1.38 X | |||
| Cash Flow From Operations | (26.02 M) | |||
| Earnings Per Share | (0.69) X | |||
| Total Asset | 79.05 M | |||
| Retained Earnings | (567.29 M) | |||
| Current Asset | 76.78 M | |||
| Current Liabilities | 4.37 M |
About 2023 ETF Performance
By evaluating 2023 ETF's fundamental ratios, stakeholders can gain valuable insights into 2023 ETF's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if 2023 ETF 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 2023 ETF has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
QLT Inc., a biotechnology company, engages in the development and commercialization of ocular solutions that address the unmet medical needs of patients and clinicians worldwide.| 2023 ETF generated a negative expected return over the last 90 days | |
| 2023 ETF has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 42.23 M. Net Loss for the year was (36.63 M) with profit before overhead, payroll, taxes, and interest of 31.81 M. | |
| The 2023 ETF currently holds about 73.06 M in cash with (26.02 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.38. | |
| Roughly 71.0% of the company shares are owned by institutional investors |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in The 2023 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 estimate. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
The market value of 2023 ETF is measured differently than its book value, which is the value of 2023 that is recorded on the company's balance sheet. Investors also form their own opinion of 2023 ETF's value that differs from its market value or its book value, called intrinsic value, which is 2023 ETF'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 2023 ETF's market value can be influenced by many factors that don't directly affect 2023 ETF'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 2023 ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if 2023 ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 2023 ETF'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.