Spinnaker Etf Series Etf Performance
| RILA Etf | 10.37 0.08 0.77% |
The entity has a beta of 0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Spinnaker ETF's returns are expected to increase less than the market. However, during the bear market, the loss of holding Spinnaker ETF is expected to be smaller as well.
Risk-Adjusted Performance
11 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 11 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak essential indicators, Spinnaker ETF may actually be approaching a critical reversion point that can send shares even higher in March 2025. ...more
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Spinnaker ETF Relative Risk vs. Return Landscape
If you would invest 1,002 in Spinnaker ETF Series on November 1, 2024 and sell it today you would earn a total of 35.00 from holding Spinnaker ETF Series or generate 3.49% return on investment over 90 days. Spinnaker ETF Series is currently generating 0.1887% in daily expected returns and assumes 1.2858% risk (volatility on return distribution) over the 90 days horizon. In different words, 11% of etfs are less volatile than Spinnaker, and 97% 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 = 0.1467
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Estimated Market Risk
| 1.29 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.19 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Spinnaker ETF is performing at about 11% 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
By analyzing Spinnaker ETF's fundamental ratios, stakeholders can gain valuable insights into Spinnaker ETF's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Spinnaker 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 Spinnaker ETF has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Spinnaker ETF is entity of United States. It is traded as Etf on NYSE ARCA exchange.