Etfmg Etf Performance

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 Etf
  

USD 51.68  0.53  1.04%   

The etf shows a Beta (market volatility) of 1.3226, which means a somewhat significant risk relative to the market. Let's try to break down what Etfmg's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Etfmg Prime will likely underperform. Although it is important to respect Etfmg Prime Cyber historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy towards predicting future performance of any etf is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By reviewing Etfmg Prime Cyber technical indicators, you can presently evaluate if the expected return of 0.17% will be sustainable into the future.
  
Etfmg Performance
6 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Etfmg Prime Cyber are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. Despite fairly uncertain fundamental indicators, Etfmg Prime may actually be approaching a critical reversion point that can send shares even higher in September 2022. ...more

Etfmg Price Channel

Fifty Two Week Low43.20
Fifty Two Week High67.97

Etfmg Prime Relative Risk vs. Return Landscape

If you would invest  4,668  in Etfmg Prime Cyber on May 21, 2022 and sell it today you would earn a total of  447.00  from holding Etfmg Prime Cyber or generate 9.58% return on investment over 90 days. Etfmg Prime Cyber is currently generating 0.1688% in daily expected returns and assumes 1.9528% risk (volatility on return distribution) over the 90 days horizon. In different words, 16% of etfs are less volatile than Etfmg, and 97% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days Etfmg Prime is expected to generate 1.69 times more return on investment than the market. However, the company is 1.69 times more volatile than its market benchmark. It trades about 0.09 of its potential returns per unit of risk. The DOW is currently generating roughly 0.1 per unit of risk.

Etfmg Prime Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Etfmg Prime's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Etfmg Prime Cyber, and traders can use it to determine the average amount a Etfmg Prime'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 = 0.0865

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Estimated Market Risk
 1.95
  actual daily
 
 16 %
of total potential
 
1616
Expected Return
 0.17
  actual daily
 
 3 %
of total potential
 
33
Risk-Adjusted Return
 0.09
  actual daily
 
 6 %
of total potential
 
66
Based on monthly moving average Etfmg Prime is performing at about 6% 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 Etfmg Prime by adding it to a well-diversified portfolio.

About Etfmg Prime Performance

To evaluate Etfmg Prime Cyber Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Etfmg Prime generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Etfmg Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Etfmg Prime Cyber market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Etfmg's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
The index tracks the performance of the exchange-listed equity securities of companies across the globe that engage in providing cyber defense applications or services as a vital component of its overall business or provide hardware or software for cyber defense activities as a vital component of its overall business. ETFMG Prime is traded on NYSEArca Exchange in the United States.

Things to note about Etfmg Prime Cyber

Checking the ongoing alerts about Etfmg Prime for important developments is a great way to find new opportunities for your next move. Etf alerts and notifications screener for Etfmg Prime Cyber help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Etfmg Prime Alerts

Equity Alerts and Improvement Suggestions

On 24th of June 2022 Etfmg Prime paid $ 0.02 per share dividend to its current shareholders
The fund retains 94.1% of its assets under management (AUM) in equities
Please check Risk vs Return Analysis. Note that the Etfmg Prime Cyber information on this page should be used as a complementary analysis to other Etfmg Prime'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 Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

Complementary Tools for Etfmg Etf analysis

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