Wahed Etf Performance

HLAL -  USA Etf  

USD 36.38  1.17  3.32%

The entity maintains a market beta of 1.2298, which attests to a somewhat significant risk relative to the market. Let's try to break down what Wahed'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, Wahed FTSE will likely underperform. Even though it is essential to pay attention to Wahed FTSE USA historical price patterns, it is always good to be careful when utilizing equity current price history. Our philosophy towards determining any etf's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Wahed FTSE USA exposes twenty-one different technical indicators, which can help you to evaluate its performance.
  
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Wahed Performance
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Over the last 90 days Wahed FTSE USA has generated negative risk-adjusted returns adding no value to investors with long positions. Even with weak performance in the last few months, the Etf's basic indicators remain relatively steady which may send shares a bit higher in July 2022. The new chaos may also be a sign of medium-term up-swing for the ETF firm stakeholders. ...more

Wahed Price Channel

Fifty Two Week Low33.91
Fifty Two Week High43.81

Wahed FTSE Relative Risk vs. Return Landscape

If you would invest  4,197  in Wahed FTSE USA on March 26, 2022 and sell it today you would lose (559.00)  from holding Wahed FTSE USA or give up 13.32% of portfolio value over 90 days. Wahed FTSE USA is currently does not generate positive expected returns and assumes 1.8637% risk (volatility on return distribution) over the 90 days horizon. In different words, 16% of etfs are less volatile than Wahed, and 99% 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 Wahed FTSE is expected to under-perform the market. In addition to that, the company is 1.29 times more volatile than its market benchmark. It trades about -0.11 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.11 per unit of volatility.

Wahed FTSE Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Wahed FTSE's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Wahed FTSE USA, and traders can use it to determine the average amount a Wahed FTSE'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 = -0.1143

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Negative ReturnsHLAL
Estimated Market Risk
 1.86
  actual daily
 
 16 %
of total potential
 
1616
Expected Return
 -0.21
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 0 %
of total potential
 
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Risk-Adjusted Return
 -0.11
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 0 %
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Based on monthly moving average Wahed FTSE is performing at about 0% 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 Wahed FTSE by adding it to a well-diversified portfolio.

About Wahed FTSE Performance

To evaluate Wahed FTSE USA 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 Wahed FTSE 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 Wahed 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 Wahed FTSE USA stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Wahed'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 is composed of common stocks of large and mid-capitalization U.S. companies the characteristics of which meet the requirements of the Shariah and are consistent with Islamic principles as interpreted by subject-matter experts. Wahed FTSE is traded on NYSEArca Exchange in the United States.

Things to note about Wahed FTSE USA

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

Wahed FTSE Alerts

Equity Alerts and Improvement Suggestions

Wahed FTSE USA generated a negative expected return over the last 90 days
The fund retains all of its assets under management (AUM) in equities
Please check Risk vs Return Analysis. Note that the Wahed FTSE USA information on this page should be used as a complementary analysis to other Wahed FTSE'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 Price Transformation module to use Price Transformation models to analyze depth of different equity instruments across global markets.

Complementary Tools for Wahed Etf analysis

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