Shp Etf Trust Etf Performance
| PRAY Etf | USD 26.32 0.13 0.49% |
The entity has a beta of 0.0895, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SHP ETF's returns are expected to increase less than the market. However, during the bear market, the loss of holding SHP ETF is expected to be smaller as well.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in SHP ETF Trust are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of fairly strong basic indicators, SHP ETF is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors. ...more
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SHP ETF Relative Risk vs. Return Landscape
If you would invest 2,600 in SHP ETF Trust on February 2, 2024 and sell it today you would earn a total of 32.00 from holding SHP ETF Trust or generate 1.23% return on investment over 90 days. SHP ETF Trust is currently generating 0.0224% in daily expected returns and assumes 0.7298% risk (volatility on return distribution) over the 90 days horizon. In different words, 6% of etfs are less volatile than SHP, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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SHP ETF Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for SHP ETF's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as SHP ETF Trust, and traders can use it to determine the average amount a SHP ETF'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 = 0.0306
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| Negative Returns | PRAY |
Estimated Market Risk
| 0.73 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average SHP ETF is performing at about 2% 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 SHP ETF by adding it to a well-diversified portfolio.
SHP ETF Fundamentals Growth
SHP Etf prices reflect investors' perceptions of the future prospects and financial health of SHP ETF, and SHP ETF fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on SHP Etf performance.
| Current Valuation | 910.66 K | |||
| Shares Outstanding | 522.56 K | |||
| Price To Earning | (6.47) X | |||
| Cash And Equivalents | 5.17 K | |||
| Cash Per Share | 0.01 X | |||
| Total Debt | 393.27 K | |||
| Book Value Per Share | (1.04) X | |||
| Cash Flow From Operations | (53.14 K) | |||
| Earnings Per Share | (0.36) X | |||
| Total Asset | 18.21 M | |||
| Retained Earnings | (698 K) | |||
| Current Liabilities | 354 K | |||
About SHP ETF Performance
To evaluate SHP ETF Trust 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 SHP ETF 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 SHP 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 SHP ETF Trust market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents SHP'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.Under normal circumstances, the fund invests in equity securities, including common stock and American Depositary Receipts and Global Depositary Receipts of international and domestic companies. Fis Biblically is traded on NYSEARCA Exchange in the United States.| The company currently holds 393.27 K in liabilities. SHP ETF Trust has a current ratio of 0.01, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist SHP ETF until it has trouble settling it off, either with new capital or with free cash flow. So, SHP ETF's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like SHP ETF Trust sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for SHP to invest in growth at high rates of return. When we think about SHP ETF's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (190.31 K) with profit before overhead, payroll, taxes, and interest of 76. | |
| SHP ETF Trust currently holds about 5.17 K in cash with (53.14 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 14.0% of the company outstanding shares are owned by corporate insiders | |
| The fund maintains 84.38% of its assets in stocks |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in SHP ETF Trust. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the SHP ETF Trust information on this page should be used as a complementary analysis to other SHP ETF'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 the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
The market value of SHP ETF Trust is measured differently than its book value, which is the value of SHP that is recorded on the company's balance sheet. Investors also form their own opinion of SHP ETF's value that differs from its market value or its book value, called intrinsic value, which is SHP ETF'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 SHP ETF's market value can be influenced by many factors that don't directly affect SHP ETF'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 SHP ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if SHP ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SHP ETF'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.