Elevation Series Trust Etf Performance
| SRHQ Etf | USD 38.78 0.16 0.41% |
The etf shows a Beta (market volatility) of 0.44, which means possible diversification benefits within a given portfolio. As returns on the market increase, Elevation Series' returns are expected to increase less than the market. However, during the bear market, the loss of holding Elevation Series is expected to be smaller as well.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Elevation Series Trust are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. Even with relatively invariable technical indicators, Elevation Series 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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Elevation Series Relative Risk vs. Return Landscape
If you would invest 3,680 in Elevation Series Trust on November 1, 2024 and sell it today you would earn a total of 182.40 from holding Elevation Series Trust or generate 4.96% return on investment over 90 days. Elevation Series Trust is currently generating 0.0849% in daily expected returns and assumes 0.9262% risk (volatility on return distribution) over the 90 days horizon. In different words, 8% of etfs are less volatile than Elevation, 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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Elevation Series Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elevation Series' investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Elevation Series Trust, and traders can use it to determine the average amount a Elevation Series' 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 = 0.0916
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Estimated Market Risk
| 0.93 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average Elevation Series is performing at about 7% 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 Elevation Series by adding it to a well-diversified portfolio.
About Elevation Series Performance
Assessing Elevation Series' fundamental ratios provides investors with valuable insights into Elevation Series' financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Elevation Series 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.
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Elevation Series 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 rate. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
The market value of Elevation Series Trust is measured differently than its book value, which is the value of Elevation that is recorded on the company's balance sheet. Investors also form their own opinion of Elevation Series' value that differs from its market value or its book value, called intrinsic value, which is Elevation Series' 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 Elevation Series' market value can be influenced by many factors that don't directly affect Elevation Series' 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 Elevation Series' value and its price as these two are different measures arrived at by different means. Investors typically determine if Elevation Series is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elevation Series' 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.