Engine No 1 Etf Profile
| VOTE Etf | USD 60.46 0.61 1.02% |
Performance6 of 100
| Odds Of DistressLess than 9
|
Engine No is trading at 60.46 as of the 8th of May 2024, a 1.02 percent increase since the beginning of the trading day. The etf's lowest day price was 60.04. Engine No has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Engine No 1 are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of March 2024 and ending today, the 8th of May 2024. Click here to learn more.
The fund will invest, under normal circumstances, at least 80 percent of the value of its net assets, plus the amount of any borrowings for investment purposes, in component securities of the underlying index or in depositary receipts representing component securities in the underlying index. More on Engine No 1
Moving together with Engine Etf
| 1.0 | VTI | Vanguard Total Stock | PairCorr |
| 0.96 | SPY | SPDR SP 500 Aggressive Push | PairCorr |
| 1.0 | IVV | iShares Core SP | PairCorr |
| 0.88 | VIG | Vanguard Dividend | PairCorr |
| 0.95 | VV | Vanguard Large Cap | PairCorr |
| 0.94 | RSP | Invesco SP 500 | PairCorr |
| 1.0 | IWB | iShares Russell 1000 | PairCorr |
Engine 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. Engine No's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Engine No 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 | Size And Style ETFs, Large Cap ETFs, Large Blend, Engine No. 1 ETF (View all Sectors) |
| Issuer | TCW Investment Management Company |
| Inception Date | 2021-06-22 |
| Benchmark | Morningstar US Large Cap Select Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 605.72 Million |
| Asset Type | Equity |
| Category | Size and Style |
| Focus | Large Cap |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | Brown Brothers Harriman & Co. |
| Advisor | TCW Investment Management Company LLC |
| Custodian | Brown Brothers Harriman & Co. |
| Distributor | Foreside Financial Services, LLC |
| Portfolio Manager | Molly Landes |
| Transfer Agent | Brown Brothers Harriman & Co. |
| Fiscal Year End | 31-Oct |
| Exchange | Cboe BZX Exchange, Inc. |
| Number of Constituents | 505 |
| Market Maker | GTS |
| Total Expense | 0.05 |
| Management Fee | 0.05 |
| Country Name | USA |
| Returns Y T D | 9.15 |
| Name | Engine No. 1 Transform 500 ETF |
| Currency Code | USD |
| Open Figi | BBG011KFPLZ8 |
| 1y Volatility | 15.16 |
| 200 Day M A | 54.8405 |
| 50 Day M A | 59.871 |
| Code | VOTE |
| Updated At | 8th of May 2024 |
| Currency Name | US Dollar |
| Type | ETF |
Engine No 1 [VOTE] is traded in USA and was established 2021-06-22. The fund is listed under Large Blend category and is part of Engine No. 1 ETF family. The entity is thematically classified as Size And Style ETFs. Engine No 1 at this time have 296.35 M in net assets. , while the total return for the last year was 28.4%.
Check Engine No Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Engine Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Engine Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Engine No 1 Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Engine No 1 Etf Constituents
| AAPL | Apple Inc | Stock | Information Technology |
| AMZN | Amazon Inc | Stock | Consumer Discretionary |
| FB | Meta Platforms | Stock | Internet Content & Information |
| GOOG | Alphabet Inc Class C | Stock | Communication Services |
| GOOGL | Alphabet Inc Class A | Stock | Communication Services |
| JPM | JPMorgan Chase Co | Stock | Financials |
| MSFT | Microsoft | Stock | Information Technology |
Engine No Target Price Odds Analysis
What are Engine No's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Engine No jumping above the current price in 90 days from now is about 17.01%. The Engine No 1 probability density function shows the probability of Engine No etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the etf has a beta coefficient of 1.0194. This entails Engine No 1 market returns are highly-sensitive to returns on the market. As the market goes up or down, Engine No is expected to follow. Additionally, engine No 1 has an alpha of 0.015, implying that it can generate a 0.015 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Engine No to move above the current price in 90 days from now is about 17.01 (This Engine No 1 probability density function shows the probability of Engine Etf to fall within a particular range of prices over 90 days) .
Engine No 1 Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Engine No market risk premium is the additional return an investor will receive from holding Engine No 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 Engine No. 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 Engine No's alpha and beta are two of the key measurements used to evaluate Engine No's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0759 | |||
| Jensen Alpha | 0.015 | |||
| Total Risk Alpha | 8.0E-4 | |||
| Sortino Ratio | 0.0222 |
Engine No Against Markets
Picking the right benchmark for Engine No 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 Engine No 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 Engine No is critical whether you are bullish or bearish towards Engine No 1 at a given time. Please also check how Engine No's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Engine No without increasing your portfolio risk or giving up the 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.Did you try this?
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How to buy Engine Etf?
Before investing in Engine No, 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 Engine No. To buy Engine No etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Engine No. 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 Engine No etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Engine No 1 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 Engine No 1 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 Engine No 1, 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 Engine Etf please use our How to Invest in Engine No guide.
Already Invested in Engine No 1?
The danger of trading Engine No 1 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 Engine No 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 Engine No. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Engine No 1 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 Engine No 1 is a strong investment it is important to analyze Engine No's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Engine No's future performance. For an informed investment choice regarding Engine Etf, refer to the following important reports: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Engine No 1. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
The market value of Engine No 1 is measured differently than its book value, which is the value of Engine that is recorded on the company's balance sheet. Investors also form their own opinion of Engine No's value that differs from its market value or its book value, called intrinsic value, which is Engine No'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 Engine No's market value can be influenced by many factors that don't directly affect Engine No'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 Engine No's value and its price as these two are different measures arrived at by different means. Investors typically determine if Engine No is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Engine No'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.