Elevation Series Trust Etf Profile
| SRHQ Etf | USD 33.66 0.36 1.08% |
Performance7 of 100
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Elevation Series is selling at 33.66 as of the 8th of May 2024; that is 1.08 percent up since the beginning of the trading day. The etf's last reported lowest price was 33.66. Elevation Series has 50 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. Equity ratings for Elevation Series Trust are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of February 2024 and ending today, the 8th of May 2024. Click here to learn more.
Elevation 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. Elevation Series' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Elevation Series or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Broad Equity ETFs (View all Sectors) |
| Issuer | Paralel Advisors |
| Inception Date | 2022-10-05 |
| Benchmark | SRH U.S. Quality Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 135.69 Million |
| Asset Type | Equity |
| Category | Broad Equity |
| Focus | Strategy |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | Paralel Technologies LLC |
| Advisor | Paralel Advisors LLC |
| Custodian | State Street Bank and Trust Company |
| Distributor | Paralel Distributors LLC |
| Portfolio Manager | Rafael Zayas, Austin Wen |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 31-Aug |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 63.0 |
| Market Maker | Citadel |
| Total Expense | 0.35 |
| Management Fee | 0.35 |
| 200 Day M A | 31.1679 |
| Country Name | USA |
| 50 Day M A | 33.9653 |
| Code | SRHQ |
| Updated At | 8th of May 2024 |
| Name | Elevation Series Trust - SRH U.S. Quality ETF |
| Currency Name | US Dollar |
| Currency Code | USD |
| Open Figi | BBG019XQ3948 |
| Type | ETF |
Elevation Series Trust [SRHQ] is traded in USA and was established null. The fund is not categorized under any group at this time. The fund at this time have in assets.
Check Elevation Series Probability Of Bankruptcy
Elevation Series Trust Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Elevation Series market risk premium is the additional return an investor will receive from holding Elevation Series 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 Elevation Series. 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 Elevation Series' alpha and beta are two of the key measurements used to evaluate Elevation Series' performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0584 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.01) |
Elevation Series Against Markets
Picking the right benchmark for Elevation Series 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 Elevation Series 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 Elevation Series is critical whether you are bullish or bearish towards Elevation Series Trust at a given time. Please also check how Elevation Series' historical prices are related to one of the top price index indicators.
Be your own money manager
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How to buy Elevation Etf?
Before investing in Elevation Series, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Elevation Series. To buy Elevation Series etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Elevation Series. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Elevation Series etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Elevation Series Trust etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Elevation Series Trust etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Elevation Series Trust, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Elevation Etf please use our How to Invest in Elevation Series guide.
Already Invested in Elevation Series Trust?
The danger of trading Elevation Series Trust 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 Elevation Series 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 Elevation Series. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Elevation Series Trust 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.
When determining whether Elevation Series Trust is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Elevation Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Elevation Series Trust Etf. Highlighted below are key reports to facilitate an investment decision about Elevation Series Trust Etf: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Elevation Series Trust. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as various price indices. Note that the Elevation Series Trust information on this page should be used as a complementary analysis to other Elevation Series' 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 the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of Elevation Series Trust is measured differently than its book value, which is the value of Elevation that is recorded on the company's balance sheet. Investors also form their own opinion of Elevation Series' value that differs from its market value or its book value, called intrinsic value, which is Elevation Series' 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 Elevation Series' market value can be influenced by many factors that don't directly affect Elevation Series' 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 Elevation Series' value and its price as these two are different measures arrived at by different means. Investors typically determine if Elevation Series is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elevation Series' 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.