Spear Etf Profile

SPRX
 Etf
  

USD 14.04  0.19  1.37%   

Market Performance
0 of 100
Odds Of Distress
Less than 42
Spear Alpha is trading at 14.04 as of the 5th of July 2022; that is 1.37 percent increase since the beginning of the trading day. The etf's open price was 13.85. Spear Alpha has about a 42 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Spear Alpha ETF are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 15th of July 2020 and ending today, the 5th of July 2022. Click here to learn more.
The fund is an actively-managed exchange-traded fund that will invest primarily in equity securities, including common stock or American depositary receipts of companies that Spear Advisors LLC believes are poised to benefit from breakthrough innovation in industrial technology. More on Spear Alpha ETF

Moving together with Spear Alpha

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0.96DISWalt Disney Fiscal Year End 9th of November 2022 PairCorr
Spear Alpha ETF cannot be verified against its exchange. Apparently, Spear Alpha 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.
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Spear Alpha 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. Spear Alpha's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Spear Alpha or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Spear Alpha ETF is not yet fully synchronised with the market data
Spear Alpha ETF has some characteristics of a very speculative penny stock
The fund maintains 97.4% of its assets in stocks
Thematic IdeaTech Funds (view all)
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 Spear Alpha's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Not RatedUndervalued
IssuerSpear Advisors
DescriptionSpear Alpha ETF
Inception Date2021-08-02
Entity TypeRegulated Investment Company
Asset Under Management3.12 Million
Asset TypeEquity
CategoryStrategy
FocusTheme
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorU.S. Bancorp Fund Services, LLC
AdvisorSpear Advisors LLC
CustodianU.S. Bank, N.A.
DistributorForeside Fund Services, LLC
Portfolio ManagerIvana Delevska
Transfer AgentU.S. Bancorp Fund Services, LLC
Fiscal Year End30-Jun
ExchangeNASDAQ
Number of Constituents22.0
Total Expense0.75
Management Fee0.75
Nav Price13.47
Two Hundred Day Average19.13
Ytd-39.19%
Average Daily Volume In Three Month4.06k
Fifty Two Week Low12.93
As Of Date11th of May 2022
Average Daily Volume Last 10 Day3.37k
Fifty Two Week High23.68
One Month-29.98%
Fifty Day Average15.12
Three Month-31.30%
Spear Alpha ETF [SPRX] is traded in USA and was established 2021-08-03. The fund is listed under Technology category and is part of Spear family. The entity is thematically classified as Tech Funds. Spear Alpha ETF at this time have 4.6 M in assets.
Check Spear Alpha Probability Of Bankruptcy

Spear Alpha ETF Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Spear Alpha market risk premium is the additional return an investor will receive from holding Spear Alpha 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 Spear Alpha. 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 Spear Alpha's alpha and beta are two of the key measurements used to evaluate Spear Alpha's performance over the market, the standard measures of volatility play an important role as well.

Spear Alpha ETF Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Spear Alpha ETF Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Spear Alpha price patterns.
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Spear Alpha Against Markets

Picking the right benchmark for Spear Alpha 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 Spear Alpha 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 Spear Alpha is critical whether you are bullish or bearish towards Spear Alpha ETF at a given time.
Spear Alpha ETF cannot be verified against its exchange. Apparently, Spear Alpha 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.
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Be your own money manager

Our tools can tell you how much better you can do entering a position in Spear Alpha 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.

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Investing Spear Alpha ETF

You need to understand the risk of investing before taking a position in Spear Alpha. The danger of trading Spear Alpha ETF 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 Spear Alpha 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 Spear Alpha. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Spear Alpha ETF 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.
Additionally, take a look at World Market Map. Note that the Spear Alpha ETF information on this page should be used as a complementary analysis to other Spear Alpha'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 ETF Directory module to find actively traded Exchange Traded Funds (ETF) from around the world.

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When running Spear Alpha ETF price analysis, check to measure Spear Alpha'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 Spear Alpha is operating at the current time. Most of Spear Alpha's value examination focuses on studying past and present price action to predict the probability of Spear Alpha's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Spear Alpha's price. Additionally, you may evaluate how the addition of Spear Alpha to your portfolios can decrease your overall portfolio volatility.
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The market value of Spear Alpha ETF is measured differently than its book value, which is the value of Spear that is recorded on the company's balance sheet. Investors also form their own opinion of Spear Alpha's value that differs from its market value or its book value, called intrinsic value, which is Spear Alpha'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 Spear Alpha's market value can be influenced by many factors that don't directly affect Spear Alpha'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 Spear Alpha's value and its price as these two are different measures arrived at by different means. Investors typically determine Spear Alpha value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spear Alpha'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.