Tidal Etf Trust Etf Performance
| VETZ Etf | 19.90 0.01 0.05% |
The entity has a beta of -0.0597, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tidal ETF are expected to decrease at a much lower rate. During the bear market, Tidal ETF is likely to outperform the market.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days Tidal ETF Trust has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly strong basic indicators, Tidal ETF is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors. ...more
1 | Investment Analysis - Stock Traders Daily | 11/08/2024 |
2 | When Moves Investors should Listen - Stock Traders Daily | 11/19/2024 |
Tidal |
Tidal ETF Relative Risk vs. Return Landscape
If you would invest 2,032 in Tidal ETF Trust on August 27, 2024 and sell it today you would lose (42.00) from holding Tidal ETF Trust or give up 2.07% of portfolio value over 90 days. Tidal ETF Trust is currently does not generate positive expected returns and assumes 0.3033% risk (volatility on return distribution) over the 90 days horizon. In different words, 2% of etfs are less volatile than Tidal, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Tidal ETF Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tidal ETF's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Tidal ETF Trust, and traders can use it to determine the average amount a Tidal 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 = -0.1061
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | VETZ |
Estimated Market Risk
| 0.3 actual daily | 2 98% of assets are more volatile |
Expected Return
| -0.03 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 Tidal 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 Tidal ETF by adding Tidal ETF to a well-diversified portfolio.
About Tidal ETF Performance
Evaluating Tidal ETF's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Tidal 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 Tidal 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.
Tidal ETF is entity of United States. It is traded as Etf on NYSE ARCA exchange.| Tidal ETF Trust generated a negative expected return over the last 90 days | |
| Latest headline from news.google.com: When Moves Investors should Listen - Stock Traders Daily |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tidal 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 estimate. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
The market value of Tidal ETF Trust is measured differently than its book value, which is the value of Tidal that is recorded on the company's balance sheet. Investors also form their own opinion of Tidal ETF's value that differs from its market value or its book value, called intrinsic value, which is Tidal 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 Tidal ETF's market value can be influenced by many factors that don't directly affect Tidal 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 Tidal ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tidal ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tidal 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.