Microsectors Big Oil Etf Performance
| NRGU Etf | USD 543.44 5.20 0.95% |
The etf secures a Beta (Market Risk) of 1.0, which conveys possible diversification benefits within a given portfolio. MicroSectors Big returns are very sensitive to returns on the market. As the market goes up or down, MicroSectors Big is expected to follow.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in MicroSectors Big Oil are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively unsteady technical and fundamental indicators, MicroSectors Big unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Pick Leveraged ETFs to Tap Surging Oil Prices | 04/09/2024 |
| In Threey Sharp Ratio | 0.93 |
MicroSectors |
MicroSectors Big Relative Risk vs. Return Landscape
If you would invest 45,288 in MicroSectors Big Oil on February 15, 2024 and sell it today you would earn a total of 9,056 from holding MicroSectors Big Oil or generate 20.0% return on investment over 90 days. MicroSectors Big Oil is currently generating 0.3283% in daily expected returns and assumes 2.938% risk (volatility on return distribution) over the 90 days horizon. In different words, 26% of etfs are less volatile than MicroSectors, and 94% 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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MicroSectors Big Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for MicroSectors Big's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as MicroSectors Big Oil, and traders can use it to determine the average amount a MicroSectors Big'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 = 0.1117
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.94 actual daily | 26 74% of assets are more volatile |
Expected Return
| 0.33 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average MicroSectors Big is performing at about 8% 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 MicroSectors Big by adding it to a well-diversified portfolio.
MicroSectors Big Fundamentals Growth
MicroSectors Etf prices reflect investors' perceptions of the future prospects and financial health of MicroSectors Big, and MicroSectors Big 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 MicroSectors Etf performance.
| Total Asset | 2.26 B | |||
About MicroSectors Big Performance
To evaluate MicroSectors Big Oil 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 MicroSectors Big 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 MicroSectors 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 MicroSectors Big Oil market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents MicroSectors'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 notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a three times leveraged participation in the performance of the index, compounded daily, less a Daily Investor Fee, the Daily Financing Charge and, if applicable, the Redemption Fee Amount. Microsectors is traded on NYSEARCA Exchange in the United States.| The fund created five year return of -10.0% | |
| MicroSectors Big Oil maintains all of its assets in stocks |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MicroSectors Big Oil. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the MicroSectors Big Oil information on this page should be used as a complementary analysis to other MicroSectors Big'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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
The market value of MicroSectors Big Oil is measured differently than its book value, which is the value of MicroSectors that is recorded on the company's balance sheet. Investors also form their own opinion of MicroSectors Big's value that differs from its market value or its book value, called intrinsic value, which is MicroSectors Big'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 MicroSectors Big's market value can be influenced by many factors that don't directly affect MicroSectors Big'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 MicroSectors Big's value and its price as these two are different measures arrived at by different means. Investors typically determine if MicroSectors Big is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MicroSectors Big'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.