Tcw Etf Trust Etf Performance
| SLNZ Etf | USD 47.53 0.11 0.23% |
The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and TCW ETF are completely uncorrelated.
Risk-Adjusted Performance
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Over the last 90 days TCW ETF Trust has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly strong basic indicators, TCW ETF is not utilizing all of its potentials. The newest stock price disturbance, may contribute to short-term losses for the investors. ...more
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TCW ETF Relative Risk vs. Return Landscape
If you would invest 4,759 in TCW ETF Trust on August 26, 2024 and sell it today you would lose (6.00) from holding TCW ETF Trust or give up 0.13% of portfolio value over 90 days. TCW ETF Trust is currently does not generate positive expected returns and assumes 0.2866% risk (volatility on return distribution) over the 90 days horizon. In different words, 2% of etfs are less volatile than TCW, 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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TCW ETF Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for TCW ETF's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as TCW ETF Trust, and traders can use it to determine the average amount a TCW 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 = -0.0722
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| Negative Returns | SLNZ |
Estimated Market Risk
| 0.29 actual daily | 2 98% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average TCW 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 TCW ETF by adding TCW ETF to a well-diversified portfolio.
About TCW ETF Performance
Evaluating TCW ETF's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if TCW 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 TCW 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.
| TCW ETF Trust 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 TCW ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
The market value of TCW ETF Trust is measured differently than its book value, which is the value of TCW that is recorded on the company's balance sheet. Investors also form their own opinion of TCW ETF's value that differs from its market value or its book value, called intrinsic value, which is TCW 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 TCW ETF's market value can be influenced by many factors that don't directly affect TCW 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 TCW ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if TCW ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TCW 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.