Spky Etf Profile

SPKY is trading at 3.47 as of the 28th of March 2024; that is No Change since the beginning of the trading day. The etf's open price was 3.47. Equity ratings for SPKY are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of April 2022 and ending today, the 28th of March 2024. Click here to learn more.

SPKY 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. SPKY's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding SPKY or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Old NameConvexityShares Trust - ConvexityShares Daily 1.5x SPIKES Futures ETF
Business ConcentrationTrading--Miscellaneous, ConvexityShares Trust (View all Sectors)
200 Day M A7.004
Country NameUSA
50 Day M A4.1171
CodeSPKY
Updated At18th of January 2024
NameConvexityShares Trust - ConvexityShares Daily 1.5x SPIKES Futures ETF
Currency NameUS Dollar
Currency CodeUSD
Open FigiBBG019624GL5
TypeETF
SPKY [SPKY] is traded in USA and was established 2022-08-15. The fund is listed under Trading--Miscellaneous category and is part of ConvexityShares Trust family. SPKY at this time have 3.59 M in assets.
Check SPKY Probability Of Bankruptcy

Top SPKY Etf Constituents

FGXXXFirst American FundsMoney Market FundUS Money Market Fund
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SPKY Target Price Odds Analysis

Based on a normal probability distribution, the odds of SPKY jumping above the current price in 90 days from now is about 85.78%. The SPKY probability density function shows the probability of SPKY etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days SPKY has a beta of -0.1071. This usually implies as returns on benchmark increase, returns on holding SPKY are expected to decrease at a much lower rate. During the bear market, however, SPKY is likely to outperform the market. Additionally, sPKY has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 3.47HorizonTargetOdds Above 3.47
14.16%90 days
 3.47 
85.78%
Based on a normal probability distribution, the odds of SPKY to move above the current price in 90 days from now is about 85.78 (This SPKY probability density function shows the probability of SPKY Etf to fall within a particular range of prices over 90 days) .

SPKY Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. SPKY market risk premium is the additional return an investor will receive from holding SPKY 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 SPKY. 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 SPKY's alpha and beta are two of the key measurements used to evaluate SPKY's performance over the market, the standard measures of volatility play an important role as well.

SPKY Against Markets

Picking the right benchmark for SPKY 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 SPKY 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 SPKY is critical whether you are bullish or bearish towards SPKY at a given time. Please also check how SPKY's historical prices are related to one of the top price index indicators.

SPKY 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 SPKY etf to make a market-neutral strategy. Peer analysis of SPKY could also be used in its relative valuation, which is a method of valuing SPKY by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

How to buy SPKY Etf?

Before investing in SPKY, 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 SPKY. To buy SPKY etf, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of SPKY. 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 SPKY etf. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located SPKY 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 SPKY 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 SPKY, 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 SPKY?

The danger of trading SPKY 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 SPKY 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 SPKY. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile SPKY 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 SPKY offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SPKY's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Spky Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Spky Etf:
Check out World Market Map 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 industry.
You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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When running SPKY's price analysis, check to measure SPKY's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SPKY is operating at the current time. Most of SPKY's value examination focuses on studying past and present price action to predict the probability of SPKY's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SPKY's price. Additionally, you may evaluate how the addition of SPKY to your portfolios can decrease your overall portfolio volatility.
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The market value of SPKY is measured differently than its book value, which is the value of SPKY that is recorded on the company's balance sheet. Investors also form their own opinion of SPKY's value that differs from its market value or its book value, called intrinsic value, which is SPKY'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 SPKY's market value can be influenced by many factors that don't directly affect SPKY'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 SPKY's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPKY is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPKY'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.