Spear Etf Buy Hold or Sell Recommendation

SPRX
 Etf
  

USD 17.29  0.50  2.98%   

Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Spear Alpha ETF is 'Strong Sell'. Macroaxis provides Spear Alpha buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding SPRX positions. The advice algorithm takes into account all of Spear Alpha's available fundamental, technical, and predictive indicators you will find on this site.
  
The advice is provided from Spear Alpha's buy-and-hold perspective. Additionally, take a look at Spear Alpha Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual funds such as Spear and provide practical buy, sell, or hold recommendation based on selected investing horizon and risk tolerance towards Spear Alpha ETF.

Execute Spear Alpha Buy or Sell Advice

The Spear recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Spear Alpha ETF. Macroaxis does not own or have any residual interests in Spear Alpha ETF or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Spear Alpha's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Spear AlphaBuy Spear Alpha
Strong Sell

Volatility

Not too volatileDetails

Hype Condition

StaleDetails

Current Valuation

OvervaluedDetails

Odds of Distress

Below AverageDetails

Economic Sensitivity

Hyperactively responds to market trendsDetails

Analyst Consensus

Not AvailableDetails
For the selected time horizon Spear Alpha ETF has a Mean Deviation of 2.93, Semi Deviation of 4.19, Standard Deviation of 3.76, Variance of 14.14, Downside Variance of 19.16 and Semi Variance of 17.59
Our advice tool can cross-verify current analyst consensus on Spear Alpha and to analyze the entity potential to grow in the current economic cycle. Please validate Spear Alpha net asset to decide if your Spear Alpha buy or sell deciscion is justified.

Spear Alpha Trading Alerts and Improvement Suggestions

Spear Alpha ETF has very high historical volatility over the last 90 days
The fund maintains 96.42% of its assets in stocks

Spear Alpha Returns Distribution Density

The distribution of Spear Alpha's historical returns is an attempt to chart the future uncertainty of Spear Alpha's future price movements. The chart of the probability distribution of Spear Alpha stock daily returns describes the distribution of returns around its average expected value. We use Spear Alpha ETF price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Spear Alpha returns is essential to provide solid investment advice for Spear Alpha stock.
Mean Return0.15Value At Risk-6.4
Potential Upside5.80Standard Deviation3.76
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Spear Alpha historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Spear Alpha Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Spear Alpha or Spear sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Spear Alpha stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Spear stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over DOW
0.11
β
Beta against DOW2.20
σ
Overall volatility
3.27
Ir
Information ratio 0.0333

Spear Alpha Volatility Alert

Spear Alpha ETF exhibits above-average semi-deviation for your current time horizon. We encourage investors to investigate Spear Alpha ETF individually to make sure intended market timing strategies and available technical indicagtors are consistent with their estimates about Spear Alpha future systematic risk. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Spear Alpha's etf risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Spear Alpha's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Spear Alpha Implied Volatility

Spear Alpha's implied volatility" href="/stock-options/SPRX/Spear-Alpha-ETF">Spear Alpha's implied volatility exposes the market's sentiment of Spear Alpha ETF stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Spear Alpha's implied volatility" href="/stock-options/SPRX/Spear-Alpha-ETF">Spear Alpha's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Spear Alpha stock will not fluctuate a lot when Spear Alpha's options" href="/stock-options/SPRX/Spear-Alpha-ETF">Spear Alpha's options are near their expiration.

Spear Alpha Fundamentals Vs Peers

Comparing Spear Alpha's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Spear Alpha's direct or indirect competition across all of the common fundamentals between Spear Alpha and the related equities. This way, we can detect undervalued stocks with similar characteristics as Spear Alpha or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of Spear Alpha's fundamental indicators could also be used in its relative valuation, which is a method of valuing Spear Alpha by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Spear Alpha to competition
FundamentalsSpear AlphaPeer Average
Net Asset3.12 M2.29 B
Equity Positions Weight96.42 %52.82 %

Spear Alpha Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Spear . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution2.66
Daily Balance Of Power2.631579
Rate Of Daily Change1.03
Day Median Price17.2
Day Typical Price17.23
Market Facilitation Index8.0E-4
Price Action Indicator0.34

About Spear Alpha Buy or Sell Advice

When is the right time to buy or sell Spear Alpha ETF? Buying financial instruments such as Spear Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the stock market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Although Spear Alpha investors may find it confusing at the beginning, most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having Spear Alpha in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Baby Boomer Prospects Thematic Idea Now

Baby Boomer Prospects
Baby Boomer Prospects Theme
Equities with large market capitalization that account for significant contribution to overall economic growth especially within dividend-paying instruments and stocks from healthcare and financial sectors. The Baby Boomer Prospects theme has 97 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Baby Boomer Prospects Theme or any other thematic opportunities.
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Additionally, take a look at Spear Alpha Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. 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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

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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.