Etfmg Prime Junior Etf Performance
| SILJ Etf | USD 11.01 0.01 0.09% |
The etf shows a Beta (market volatility) of 0.44, which means possible diversification benefits within a given portfolio. As returns on the market increase, ETFMG Prime's returns are expected to increase less than the market. However, during the bear market, the loss of holding ETFMG Prime is expected to be smaller as well.
Risk-Adjusted Performance
12 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in ETFMG Prime Junior are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. Even with relatively conflicting essential indicators, ETFMG Prime revealed solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Amplify Junior Silver Miners ETF Sees Unusually Large Options Volume - Defense World | 04/01/2024 |
| In Threey Sharp Ratio | -0.39 |
ETFMG |
ETFMG Prime Relative Risk vs. Return Landscape
If you would invest 881.00 in ETFMG Prime Junior on February 2, 2024 and sell it today you would earn a total of 220.00 from holding ETFMG Prime Junior or generate 24.97% return on investment over 90 days. ETFMG Prime Junior is currently generating 0.3751% in daily expected returns and assumes 2.3055% risk (volatility on return distribution) over the 90 days horizon. In different words, 20% of etfs are less volatile than ETFMG, and 93% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
ETFMG Prime Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ETFMG Prime's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as ETFMG Prime Junior, and traders can use it to determine the average amount a ETFMG Prime'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 = 0.1627
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| Small Returns | SILJ | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.31 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.38 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average ETFMG Prime is performing at about 12% 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 ETFMG Prime by adding it to a well-diversified portfolio.
ETFMG Prime Fundamentals Growth
ETFMG Etf prices reflect investors' perceptions of the future prospects and financial health of ETFMG Prime, and ETFMG Prime 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 ETFMG Etf performance.
| Price To Earning | 27.97 X | |||
| Price To Book | 1.91 X | |||
| Price To Sales | 2.44 X | |||
| Total Asset | 620.72 M | |||
About ETFMG Prime Performance
To evaluate ETFMG Prime Junior 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 ETFMG Prime 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 ETFMG 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 ETFMG Prime Junior market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents ETFMG'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 index tracks the performance of the equity securities or Global Depositary Receipts of small-capitalization companies actively engaged in silver refining, mining, or exploration . Etfmg Prime is traded on NYSEARCA Exchange in the United States.| This fund created-4.0 ten year return of -4.0% | |
| ETFMG Prime maintains 99.18% of its assets in stocks |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ETFMG Prime Junior. 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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
The market value of ETFMG Prime Junior is measured differently than its book value, which is the value of ETFMG that is recorded on the company's balance sheet. Investors also form their own opinion of ETFMG Prime's value that differs from its market value or its book value, called intrinsic value, which is ETFMG Prime'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 ETFMG Prime's market value can be influenced by many factors that don't directly affect ETFMG Prime'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 ETFMG Prime's value and its price as these two are different measures arrived at by different means. Investors typically determine if ETFMG Prime is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETFMG Prime'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.