Drum Income Plus Etf Performance
| DRIP Etf | USD 9.33 0.13 1.37% |
The etf shows a Beta (market volatility) of -2.07, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Drum Income are expected to decrease by larger amounts. On the other hand, during market turmoil, Drum Income is expected to outperform it.
Risk-Adjusted Performance
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Over the last 90 days Drum Income Plus has generated negative risk-adjusted returns adding no value to investors with long positions. Even with uncertain performance in the last few months, the Etf's forward indicators remain relatively invariable which may send shares a bit higher in June 2024. The latest agitation may also be a sign of long-running up-swing for the ETF retail investors. ...more
1 | Chartwell Announces March 2024 Distribution | 03/15/2024 |
2 | Direxion Daily SP Oil Gas Exp. Prod. Bear 2X Shares Trade Ideas AMEXDRIP TradingView - TradingView | 03/27/2024 |
| In Threey Sharp Ratio | -0.95 |
Drum |
Drum Income Relative Risk vs. Return Landscape
If you would invest 1,232 in Drum Income Plus on February 3, 2024 and sell it today you would lose (299.00) from holding Drum Income Plus or give up 24.27% of portfolio value over 90 days. Drum Income Plus is currently does not generate positive expected returns and assumes 2.3943% risk (volatility on return distribution) over the 90 days horizon. In different words, 21% of etfs are less volatile than Drum, 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 |
Drum Income Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Drum Income's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Drum Income Plus, and traders can use it to determine the average amount a Drum Income'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 = -0.1751
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| Negative Returns | DRIP |
Estimated Market Risk
| 2.39 actual daily | 21 79% of assets are more volatile |
Expected Return
| -0.42 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.18 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Drum Income is not performing at its full potential. However, 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 Drum Income by adding Drum Income to a well-diversified portfolio.
Drum Income Fundamentals Growth
Drum Etf prices reflect investors' perceptions of the future prospects and financial health of Drum Income, and Drum Income 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 Drum Etf performance.
| Total Asset | 101.12 M | |||
About Drum Income Performance
To evaluate Drum me Plus 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 Drum Income 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 Drum 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 Drum me Plus market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Drum'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.The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short leveraged exposure to the index equal to at least 80 percent of the funds net assets . SP Oil is traded on NYSEARCA Exchange in the United States.| Drum me Plus generated a negative expected return over the last 90 days | |
| Drum me Plus created five year return of -71.0% | |
| This fund retains most of the assets under management (AUM) in different types of exotic instruments. |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Drum Income Plus. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
The market value of Drum me Plus is measured differently than its book value, which is the value of Drum that is recorded on the company's balance sheet. Investors also form their own opinion of Drum Income's value that differs from its market value or its book value, called intrinsic value, which is Drum Income'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 Drum Income's market value can be influenced by many factors that don't directly affect Drum Income'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 Drum Income's value and its price as these two are different measures arrived at by different means. Investors typically determine if Drum Income is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Drum Income'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.