Sofi Gig Etf Profile


USD 15.84  0.34  2.19%   

Market Performance
0 of 100
Odds Of Distress
Over 75
Sofi Gig is trading at 15.84 as of the 30th of June 2022, a 2.19 percent increase since the beginning of the trading day. The etf's lowest day price was 14.96. Sofi Gig has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Equity ratings for Sofi Gig Economy are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 31st of May 2022 and ending today, the 30th of June 2022. Click here to learn more.
The fund seeks to achieve its investment objective primarily by investing in a portfolio of companies listed around the world that the Adviser considers part of the gig economy. Sofi Gig is traded on NYSEArca Exchange in the United States. More on Sofi Gig Economy

Moving together with Sofi Gig

0.76JPMJP Morgan Chase Financial Report 12th of July 2022 PairCorr
Sofi Gig Economy cannot be verified against its exchange. It appears that Sofi Gig is not available for investing at the moment. Please verify the symbol is currently traded on NYSEArca Exchange. If you still believe the symbol you are trying to look up is valid please let us know and we will check it as soon as possible.

Sofi Gig Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Sofi Gig's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Sofi Gig or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Sofi Gig Economy is not yet fully synchronised with the market data
Sofi Gig Economy has high likelihood to experience some financial distress in the next 2 years
The fund created three year return of -10.0%
Sofi Gig Economy retains 99.76% of its assets under management (AUM) in equities
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Sofi Gig's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Not RatedFairly Valued
DescriptionSoFi Gig Economy ETF
Inception Date2019-05-08
Entity TypeRegulated Investment Company
Asset Under Management9.25 Million
Asset TypeEquity
Market ConcentrationBlended Development
AdministratorTidal ETF Services LLC
AdvisorToroso Investments, LLC
CustodianU.S. Bank, N.A.
DistributorForeside Fund Services, LLC
Portfolio ManagerCharles Ragauss
Transfer AgentU.S. Bank, N.A.
Fiscal Year End31-Oct
Number of Constituents79.0
Market MakerGTS
Total Expense0.59
Management Fee0.59
Nav Price15.64
Two Hundred Day Average25.8
Average Daily Volume In Three Month7.12k
Fifty Two Week Low13.09
As Of Date11th of May 2022
Average Daily Volume Last 10 Day3.98k
Fifty Two Week High39.48
One Month-32.71%
Fifty Day Average16.45
Three Month-42.36%
Sofi Gig Economy [GIGE] is traded in USA and was established 2019-05-07. The fund is listed under Strategy category and is part of Sofi family. Sofi Gig Economy currently have 10.63 M in assets under management (AUM). , while the total return for the last 3 years was -10.25%.
Check Sofi Gig Probability Of Bankruptcy

Sofi Gig Economy Currency Exposure (%)

Sofi Gig Economy Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Sofi Gig market risk premium is the additional return an investor will receive from holding Sofi Gig long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Sofi Gig. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Sofi Gig's alpha and beta are two of the key measurements used to evaluate Sofi Gig's performance over the market, the standard measures of volatility play an important role as well.

Sofi Gig Economy Technical Analysis

The output start index for this execution was zero with a total number of output elements of sixty-one. Sofi Gig Economy Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Sofi Gig price patterns.

Sofi Gig Against Markets

Picking the right benchmark for Sofi Gig etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Sofi Gig etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Sofi Gig is critical whether you are bullish or bearish towards Sofi Gig Economy at a given time.
Sofi Gig Economy cannot be verified against its exchange. It appears that Sofi Gig is not available for investing at the moment. Please verify the symbol is currently traded on NYSEArca Exchange. If you still believe the symbol you are trying to look up is valid please let us know and we will check it as soon as possible.

Try Other Etf Suggestions

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sofi Gig without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Idea Analyzer Now


Idea Analyzer

Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
All  Next Launch Module

Investing Sofi Gig Economy

You need to understand the risk of investing before taking a position in Sofi Gig. The danger of trading Sofi Gig Economy is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Sofi Gig is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Sofi Gig. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Sofi Gig Economy is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Risk vs Return Analysis. Note that the Sofi Gig Economy information on this page should be used as a complementary analysis to other Sofi Gig's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

Complementary Tools for Sofi Gig Etf analysis

When running Sofi Gig Economy price analysis, check to measure Sofi Gig's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sofi Gig is operating at the current time. Most of Sofi Gig's value examination focuses on studying past and present price action to predict the probability of Sofi Gig's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Sofi Gig's price. Additionally, you may evaluate how the addition of Sofi Gig to your portfolios can decrease your overall portfolio volatility.
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Focused Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
The market value of Sofi Gig Economy is measured differently than its book value, which is the value of Sofi Gig that is recorded on the company's balance sheet. Investors also form their own opinion of Sofi Gig's value that differs from its market value or its book value, called intrinsic value, which is Sofi Gig'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 Sofi Gig's market value can be influenced by many factors that don't directly affect Sofi Gig'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 Sofi Gig's value and its price as these two are different measures arrived at by different means. Investors typically determine Sofi Gig value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sofi Gig'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.