Strategy Shares Newfoundresolve Etf Profile
| ROMO Etf | USD 27.93 0.32 1.16% |
Performance6 of 100
| Odds Of DistressLess than 9
|
Strategy Shares is selling at 27.93 as of the 24th of April 2024; that is 1.16 percent up since the beginning of the trading day. The etf's open price was 27.61. Strategy Shares 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 Strategy Shares NewfoundReSolve are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
The fund employs a passive management investment approach designed to track the total return performance, before fees and expenses, of the NewfoundReSolve Robust Equity Momentum Index. Strategy Shares is traded on BATS Exchange in the United States. More on Strategy Shares NewfoundReSolve
Moving together with Strategy Etf
| 0.76 | CLSC | Exchange Traded Concepts | PairCorr |
| 0.98 | RISN | Inspire Tactical Balanced | PairCorr |
| 0.99 | EAOA | iShares ESG Aware | PairCorr |
| 1.0 | VTI | Vanguard Total Stock | PairCorr |
| 0.97 | SPY | SPDR SP 500 | PairCorr |
| 1.0 | IVV | iShares Core SP | PairCorr |
Strategy 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. Strategy Shares' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Strategy Shares or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Moderately Aggressive Allocation, Strategy Shares (View all Sectors) |
| Country Name | USA |
| Returns Y T D | 5.83 |
| Name | Strategy Shares NewfoundReSolve Robust Momentum ETF |
| Currency Code | USD |
| In Threey Volatility | 11.3 |
| 1y Volatility | 11.78 |
| 200 Day M A | 26.4639 |
| 50 Day M A | 28.2022 |
| Code | ROMO |
| Updated At | 24th of April 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.2 |
| Type | ETF |
Strategy Shares NewfoundReSolve [ROMO] is traded in USA and was established 2019-11-01. The fund is listed under Moderately Aggressive Allocation category and is part of Strategy Shares family. Strategy Shares Newf at this time have 51.51 M in assets. , while the total return for the last 3 years was 1.9%.
Check Strategy Shares Probability Of Bankruptcy
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 Strategy Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Strategy 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 Strategy Shares NewfoundReSolve 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 Strategy Shares NewfoundReSolve Etf Constituents
| IVV | iShares Trust | Etf | MX Etf |
| SHY | iShares 1 3 Year | Etf | Short Government |
| IEFA | iShares Trust | Etf | MX Etf |
Strategy Shares Target Price Odds Analysis
Contingent on a normal probability distribution, the odds of Strategy Shares jumping above the current price in 90 days from now is about 50.0%. The Strategy Shares NewfoundReSolve probability density function shows the probability of Strategy Shares etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Strategy Shares has a beta of 0.9766 indicating Strategy Shares NewfoundReSolve market returns are highly reactive to returns on the market. As the market goes up or down, Strategy Shares is expected to follow. Additionally, strategy Shares NewfoundReSolve has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Strategy Shares to move above the current price in 90 days from now is about 50.0 (This Strategy Shares NewfoundReSolve probability density function shows the probability of Strategy Etf to fall within a particular range of prices over 90 days) .
Strategy Shares Newf Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Strategy Shares market risk premium is the additional return an investor will receive from holding Strategy Shares 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 Strategy Shares. 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 Strategy Shares' alpha and beta are two of the key measurements used to evaluate Strategy Shares' performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0667 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.03) |
Strategy Shares Against Markets
Picking the right benchmark for Strategy Shares 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 Strategy Shares 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 Strategy Shares is critical whether you are bullish or bearish towards Strategy Shares NewfoundReSolve at a given time. Please also check how Strategy Shares' 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 Strategy Shares 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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Portfolio BacktestingAvoid under-diversification and over-optimization by backtesting your portfolios |
| All Next | Launch Module |
How to buy Strategy Etf?
Before investing in Strategy Shares, 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 Strategy Shares. To buy Strategy Shares etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Strategy Shares. 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 Strategy Shares etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Strategy Shares NewfoundReSolve 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 Strategy Shares NewfoundReSolve 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 Strategy Shares NewfoundReSolve, 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 Strategy Etf please use our How to Invest in Strategy Shares guide.
Already Invested in Strategy Shares NewfoundReSolve?
The danger of trading Strategy Shares NewfoundReSolve 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 Strategy Shares 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 Strategy Shares. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Strategy Shares Newf 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 Strategy Shares Newf offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Strategy Shares' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Strategy Shares Newfoundresolve Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Strategy Shares Newfoundresolve Etf: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Strategy Shares NewfoundReSolve. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
The market value of Strategy Shares Newf is measured differently than its book value, which is the value of Strategy that is recorded on the company's balance sheet. Investors also form their own opinion of Strategy Shares' value that differs from its market value or its book value, called intrinsic value, which is Strategy Shares' 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 Strategy Shares' market value can be influenced by many factors that don't directly affect Strategy Shares' 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 Strategy Shares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Strategy Shares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Strategy Shares' 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.