21shares Ripple Xrp Etf Fundamentals
| AXRP Etf | CHF 12.95 0.41 3.07% |
21Shares Ripple XRP fundamentals help investors to digest information that contributes to 21Shares Ripple's financial success or failures. It also enables traders to predict the movement of 21Shares Etf. The fundamental analysis module provides a way to measure 21Shares Ripple's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to 21Shares Ripple etf.
21Shares |
21Shares Ripple XRP ETF One Year Return Analysis
21Shares Ripple's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current 21Shares Ripple One Year Return | (69.88) % |
Most of 21Shares Ripple's fundamental indicators, such as One Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, 21Shares Ripple XRP is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Based on the recorded statements, 21Shares Ripple XRP has an One Year Return of -69.88%. This is much lower than that of the 21Shares AG family and significantly lower than that of the One Year Return category. The one year return for all Switzerland etfs is notably higher than that of the company.
21Shares One Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses 21Shares Ripple's direct or indirect competition against its One Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of 21Shares Ripple could also be used in its relative valuation, which is a method of valuing 21Shares Ripple by comparing valuation metrics of similar companies.21Shares Ripple is currently under evaluation in one year return as compared to similar ETFs.
21Shares Fundamentals
| Total Asset | 35.94 M | |||
| One Year Return | (69.88) % | |||
| Net Asset | 35.94 M |
About 21Shares Ripple Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze 21Shares Ripple XRP's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of 21Shares Ripple using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of 21Shares Ripple XRP based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.21Shares Ripple is traded on Switzerland Exchange in Switzerland.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards 21Shares Ripple in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, 21Shares Ripple's short interest history, or implied volatility extrapolated from 21Shares Ripple options trading.
Pair Trading with 21Shares Ripple
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if 21Shares Ripple position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in 21Shares Ripple will appreciate offsetting losses from the drop in the long position's value.Moving together with 21Shares Etf
| 0.71 | JPNJPA | UBSFund Solutions MSCI | PairCorr |
| 0.73 | CSNKY | iShares VII PLC | PairCorr |
| 0.76 | CSSPX | iShares Core SP | PairCorr |
| 0.62 | LYJPN | Lyxor Japan UCITS | PairCorr |
The ability to find closely correlated positions to 21Shares Ripple could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 21Shares Ripple when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back 21Shares Ripple - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling 21Shares Ripple XRP to buy it.
The correlation of 21Shares Ripple is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as 21Shares Ripple moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 21Shares Ripple XRP moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for 21Shares Ripple can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in 21Shares Ripple XRP. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Please note, there is a significant difference between 21Shares Ripple's value and its price as these two are different measures arrived at by different means. Investors typically determine if 21Shares Ripple is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 21Shares Ripple'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.