Simplify Exchange Traded Etf Performance
| SCY Etf | 23.03 0.05 0.22% |
The entity has a beta of 0.44, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Simplify Exchange's returns are expected to increase less than the market. However, during the bear market, the loss of holding Simplify Exchange is expected to be smaller as well.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Simplify Exchange Traded has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest abnormal performance, the Etf's fundamental indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the ETF investors. ...more
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Simplify Exchange Relative Risk vs. Return Landscape
If you would invest 2,481 in Simplify Exchange Traded on November 9, 2024 and sell it today you would lose (178.00) from holding Simplify Exchange Traded or give up 7.17% of portfolio value over 90 days. Simplify Exchange Traded is generating negative expected returns assuming volatility of 1.4841% on return distribution over 90 days investment horizon. In other words, 13% of etfs are less volatile than Simplify, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
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Simplify Exchange Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Simplify Exchange's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Simplify Exchange Traded, and traders can use it to determine the average amount a Simplify Exchange'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 = -0.1065
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | SCY |
Estimated Market Risk
| 1.48 actual daily | 13 87% of assets are more volatile |
Expected Return
| -0.16 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.11 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Simplify Exchange 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 Simplify Exchange by adding Simplify Exchange to a well-diversified portfolio.
About Simplify Exchange Performance
Evaluating Simplify Exchange's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Simplify Exchange 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 Simplify Exchange 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.
| Simplify Exchange generated a negative expected return over the last 90 days |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Simplify Exchange Traded. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
The market value of Simplify Exchange Traded is measured differently than its book value, which is the value of Simplify that is recorded on the company's balance sheet. Investors also form their own opinion of Simplify Exchange's value that differs from its market value or its book value, called intrinsic value, which is Simplify Exchange'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 Simplify Exchange's market value can be influenced by many factors that don't directly affect Simplify Exchange'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 Simplify Exchange's value and its price as these two are different measures arrived at by different means. Investors typically determine if Simplify Exchange is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Simplify Exchange'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.