X Square Series Trust Etf Performance
| ZTAX Etf | 26.70 0.20 0.74% |
The entity maintains a market beta of -0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning X Square are expected to decrease at a much lower rate. During the bear market, X Square is likely to outperform the market.
Risk-Adjusted Performance
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Weak
Compared to the overall equity markets, risk-adjusted returns on investments in X Square Series Trust are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of fairly strong basic indicators, X Square is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors. ...more
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ZTAX |
X Square Relative Risk vs. Return Landscape
If you would invest 2,603 in X Square Series Trust on August 29, 2024 and sell it today you would earn a total of 67.00 from holding X Square Series Trust or generate 2.57% return on investment over 90 days. X Square Series Trust is currently generating 0.0483% in daily expected returns and assumes 1.3221% risk (volatility on return distribution) over the 90 days horizon. In different words, 11% of etfs are less volatile than ZTAX, 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 |
X Square Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for X Square's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as X Square Series Trust, and traders can use it to determine the average amount a X Square'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 = 0.0365
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| Negative Returns | ZTAX |
Estimated Market Risk
| 1.32 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 2 98% of assets perform better |
Based on monthly moving average X Square is performing at about 2% 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 X Square by adding it to a well-diversified portfolio.
X Square Fundamentals Growth
ZTAX Etf prices reflect investors' perceptions of the future prospects and financial health of X Square, and X Square 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 ZTAX Etf performance.
About X Square Performance
Evaluating X Square's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if X Square 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 X Square 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.
X Square is entity of United States. It is traded as Etf on NYSE ARCA exchange.| Latest headline from news.google.com: BlackRock Short Maturity Municipal Bond ETF declares monthly distribution of 0.1420 - MSN |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in X Square 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 nation. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
The market value of X Square Series is measured differently than its book value, which is the value of ZTAX that is recorded on the company's balance sheet. Investors also form their own opinion of X Square's value that differs from its market value or its book value, called intrinsic value, which is X Square'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 X Square's market value can be influenced by many factors that don't directly affect X Square'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 X Square's value and its price as these two are different measures arrived at by different means. Investors typically determine if X Square is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, X Square'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.