Exchange Traded Concepts Etf Profile
Exchange Traded is trading at 12.16 as of the 24th of April 2024, a -0.25 percent decrease since the beginning of the trading day. The etf's lowest day price was 12.16. Equity ratings for Exchange Traded Concepts are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
Exchange Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Exchange Traded's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Exchange Traded or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Old Name | High Yield ETF |
| Business Concentration | High Yield ETFs, Corporate ETFs, High Yield Bond, Peritus (View all Sectors) |
| Issuer | Exchange Traded Concepts |
| Inception Date | 2010-11-30 |
| Benchmark | Not Applicable |
| Entity Type | Regulated Investment Company |
| Asset Type | Fixed Income |
| Category | Corporate |
| Focus | High Yield |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | The Bank of New York Mellon Corporation |
| Advisor | Exchange Traded Concepts, LLC |
| Custodian | The Bank of New York Mellon Corporation |
| Distributor | Foreside Fund Services, LLC |
| Portfolio Manager | Tim Gramatovich, Ron Heller, Dave Flaherty |
| Transfer Agent | The Bank of New York Mellon Corporation |
| Fiscal Year End | 31-Dec |
| Exchange | NYSE Arca, Inc. |
| Market Maker | Virtu Financial |
| Total Expense | 1.29 |
| Management Fee | 1.25 |
| Country Name | USA |
| Returns Y T D | 2.8 |
| Name | High Yield ETF |
| Currency Code | USD |
| Open Figi | BBG00L544K00 |
| In Threey Volatility | 6.28 |
| 1y Volatility | 6.05 |
| 200 Day M A | 26.1921 |
| 50 Day M A | 25.5914 |
| Code | HYLD |
| Updated At | 3rd of February 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.13 |
| Type | ETF |
Exchange Traded Concepts [HYLD] is traded in USA and was established 2010-11-30. The fund is listed under High Yield Bond category and is part of Peritus family. The entity is thematically classified as High Yield ETFs. Exchange Traded Concepts currently have 86.23 M in assets under management (AUM). , while the total return for the last 3 years was 1.7%.
Check Exchange Traded Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Exchange Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Exchange Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Exchange Traded Concepts Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Exchange Traded Concepts Etf Constituents
| GHY | Pgim Global High | Fund | Asset Management |
| HIO | Western Asset High | Fund | Asset Management |
| HYT | Blackrock Corporate High | Fund | Asset Management |
| ISD | Pgim High Yield | Fund | Asset Management |
| NLY | Annaly Capital Management | Stock | Financials |
Exchange Traded Target Price Odds Analysis
What are Exchange Traded's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Exchange Traded jumping above the current price in 90 days from now is about 22.44%. The Exchange Traded Concepts probability density function shows the probability of Exchange Traded etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Exchange Traded has a beta of 0.2588. This usually indicates as returns on the market go up, Exchange Traded average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Exchange Traded Concepts will be expected to be much smaller as well. Additionally, exchange Traded Concepts has an alpha of 0.0374, implying that it can generate a 0.0374 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Exchange Traded to move above the current price in 90 days from now is about 22.44 (This Exchange Traded Concepts probability density function shows the probability of Exchange Etf to fall within a particular range of prices over 90 days) .
Exchange Traded Top Holders
| JTHIX | James Alpha Total | Mutual Fund | Multistrategy |
| JTHSX | James Alpha Total | Mutual Fund | Multistrategy |
| FWDB | AdvisorShares | Etf | Multisector Bond |
Exchange Traded Concepts Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Exchange Traded market risk premium is the additional return an investor will receive from holding Exchange Traded long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Exchange Traded. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Exchange Traded's alpha and beta are two of the key measurements used to evaluate Exchange Traded's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.5954 | |||
| Semi Deviation | 0.7633 | |||
| Standard Deviation | 0.7725 | |||
| Variance | 0.5967 |
Exchange Traded Against Markets
Picking the right benchmark for Exchange Traded etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Exchange Traded etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Exchange Traded is critical whether you are bullish or bearish towards Exchange Traded Concepts at a given time. Please also check how Exchange Traded's historical prices are related to one of the top price index indicators.
Exchange Traded Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Exchange Traded etf to make a market-neutral strategy. Peer analysis of Exchange Traded could also be used in its relative valuation, which is a method of valuing Exchange Traded by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
How to buy Exchange Etf?
Before investing in Exchange Traded, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Exchange Traded. To buy Exchange Traded etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Exchange Traded. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Exchange Traded etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Exchange Traded Concepts etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Exchange Traded Concepts etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Exchange Traded Concepts, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Exchange Traded Concepts?
The danger of trading Exchange Traded Concepts is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Exchange Traded is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Exchange Traded. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Exchange Traded Concepts is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Exchange Traded Concepts is a strong investment it is important to analyze Exchange Traded's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Exchange Traded's future performance. For an informed investment choice regarding Exchange Etf, refer to the following important reports: Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
The market value of Exchange Traded Concepts is measured differently than its book value, which is the value of Exchange that is recorded on the company's balance sheet. Investors also form their own opinion of Exchange Traded's value that differs from its market value or its book value, called intrinsic value, which is Exchange Traded'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 Exchange Traded's market value can be influenced by many factors that don't directly affect Exchange Traded'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 Exchange Traded's value and its price as these two are different measures arrived at by different means. Investors typically determine if Exchange Traded is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Exchange Traded'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.