Freedom Day Dividend Etf Performance
| MBOX Etf | USD 34.20 0.24 0.71% |
The etf shows a Beta (market volatility) of -0.0777, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Freedom Day are expected to decrease at a much lower rate. During the bear market, Freedom Day is likely to outperform the market.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Freedom Day Dividend are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of fairly strong basic indicators, Freedom Day is not utilizing all of its potentials. The newest stock price disturbance, may contribute to short-term losses for the investors. ...more
| In Threey Sharp Ratio | 0.48 |
Freedom |
Freedom Day Relative Risk vs. Return Landscape
If you would invest 3,383 in Freedom Day Dividend on August 23, 2024 and sell it today you would earn a total of 37.00 from holding Freedom Day Dividend or generate 1.09% return on investment over 90 days. Freedom Day Dividend is currently generating 0.0198% in daily expected returns and assumes 0.7516% risk (volatility on return distribution) over the 90 days horizon. In different words, 6% of etfs are less volatile than Freedom, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Freedom Day Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Freedom Day's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Freedom Day Dividend, and traders can use it to determine the average amount a Freedom Day'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 = 0.0263
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| Negative Returns | MBOX |
Estimated Market Risk
| 0.75 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 Freedom Day 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 Freedom Day by adding it to a well-diversified portfolio.
Freedom Day Fundamentals Growth
Freedom Etf prices reflect investors' perceptions of the future prospects and financial health of Freedom Day, and Freedom Day 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 Freedom Etf performance.
| Total Asset | 42.75 M | |||
About Freedom Day Performance
Evaluating Freedom Day's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Freedom Day has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Freedom Day has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund is an actively-managed exchange-traded fund that seeks to achieve its investment objective by investing in equity securities that the Sub-Adviser believes have the potential to provide rising dividend income streams to the fund over time. Freedom Day is traded on NYSEARCA Exchange in the United States.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Freedom Day Dividend. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
The market value of Freedom Day Dividend is measured differently than its book value, which is the value of Freedom that is recorded on the company's balance sheet. Investors also form their own opinion of Freedom Day's value that differs from its market value or its book value, called intrinsic value, which is Freedom Day'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 Freedom Day's market value can be influenced by many factors that don't directly affect Freedom Day'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 Freedom Day's value and its price as these two are different measures arrived at by different means. Investors typically determine if Freedom Day is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Freedom Day'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.