Principal Mega Cap Etf Performance
| USMC Etf | USD 59.82 0.00 0.00% |
The etf holds a Beta of 0.74, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Principal Mega's returns are expected to increase less than the market. However, during the bear market, the loss of holding Principal Mega is expected to be smaller as well.
Risk-Adjusted Performance
14 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Principal Mega Cap ETF are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. In spite of rather uncertain primary indicators, Principal Mega may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
1 | Principal U.S. Mega-Cap ETF Short Interest Update | 10/15/2024 |
2 | Traders Sell Emerging Bond ETFs Ahead of US Election Volatility - MSN | 11/04/2024 |
3 | Trading Report - Stock Traders Daily | 11/15/2024 |
| In Threey Sharp Ratio | 0.50 |
Principal |
Principal Mega Relative Risk vs. Return Landscape
If you would invest 5,499 in Principal Mega Cap ETF on August 31, 2024 and sell it today you would earn a total of 483.20 from holding Principal Mega Cap ETF or generate 8.79% return on investment over 90 days. Principal Mega Cap ETF is currently generating 0.1342% in daily expected returns and assumes 0.7101% risk (volatility on return distribution) over the 90 days horizon. In different words, 6% of etfs are less volatile than Principal, and 98% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Principal Mega Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Principal Mega's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Principal Mega Cap ETF, and traders can use it to determine the average amount a Principal Mega'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 = 0.1889
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| Cash | USMC | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.71 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Principal Mega is performing at about 14% 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 Principal Mega by adding it to a well-diversified portfolio.
Principal Mega Fundamentals Growth
Principal Etf prices reflect investors' perceptions of the future prospects and financial health of Principal Mega, and Principal Mega 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 Principal Etf performance.
| Total Asset | 1000 M | |||
About Principal Mega Performance
By analyzing Principal Mega's fundamental ratios, stakeholders can gain valuable insights into Principal Mega's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Principal Mega 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 Principal Mega has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities of U.S. companies with very large market capitalizations at the time of purchase. Principal is traded on NASDAQ Exchange in the United States.| Latest headline from news.google.com: Trading Report - Stock Traders Daily | |
| The fund keeps 99.71% of its net assets in stocks |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Principal Mega Cap 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 population. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
The market value of Principal Mega Cap is measured differently than its book value, which is the value of Principal that is recorded on the company's balance sheet. Investors also form their own opinion of Principal Mega's value that differs from its market value or its book value, called intrinsic value, which is Principal Mega'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 Principal Mega's market value can be influenced by many factors that don't directly affect Principal Mega'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 Principal Mega's value and its price as these two are different measures arrived at by different means. Investors typically determine if Principal Mega is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Principal Mega'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.