Innovation Shares Buy Hold or Sell Recommendation

EKAR -- USA Etf  

USD 20.16  0.15  0.75%

Given the investment horizon of 30 days, and your above average risk tolerance our recommendation regarding Innovation Shares NextGen Vehic is 'Strong Hold'. Macroaxis provides Innovation Shares buy hold or sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding EKAR positions. The advice algorithm takes into account all of Innovation Shares available fundamental, technical, and predictive indicators you will find on this site. The advice is provided from EKAR buy-and-hold prospective. Additionally see Innovation Shares Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for muliple equity instruments please use Instant Ratings tool.

Time Horizon

Risk Tolerance

Symbol
Execute Advice
Sell Innovation SharesBuy Innovation Shares
Strong Hold

Hype Condition

Current Valuation

Odds of Distress

Economic Sensitivity

Analyst Consensus

Not Available
For the selected time horizon Innovation Shares NextGen Vehic has a risk adjusted performance of 0.0867, jensen alpha of 0.0531, total risk alpha of 0.0697, sortino ratio of 0.0775 and treynor ratio of 0.4541
Macroaxis buy or sell recommendations module can be used to complement current analysts and expert consensus on Innovation Shares NextGen Vehic. Our buy, hold, or sell recommendation engine utilizes analyzes the organization potential to grow using all fundamental data market data available at the time. Please utilize Innovation Shares NextGen Vehic Total Asset to make buy, hold, or sell decision on Innovation Shares.

Innovation Shares Trading Alerts and Improvement Suggestions

Innovation Shares generates negative expected return over the last 30 days
Innovation Shares has high likelihood to experience some financial distress in the next 2 years
Latest headline from MacroaxisInsider: Exercise or conversion by Mark Reuss of 2967 shares of GM subject to Rule 16b-3
The fund retains 99.57% of its assets under management (AUM) in equities

Innovation Shares Returns Distribution Density

Mean Return0.06Value At Risk0.96
Potential Upside1.27Standard Deviation0.63
 Return Density 
      Distribution 

Institutional Investors

Security TypeSharesValue
Jane Street Group LlcFund Units23.8 K479 K

Innovation Shares Greeks

α
Alpha over DOW
=0.05
β
Beta against DOW=0.11
σ
Overall volatility
=1.16
Ir
Information ratio =0.13

Innovation Shares Volatility Alert

Innovation Shares NextGen Vehic has relatively low volatility with skewness of 0.6 and kurtosis of 3.46. However, we advise all investors to independently investigate Innovation Shares NextGen Vehic to ensure market all accessible information is consistent with the expectations about its upside potential and future risk-adjusted return.
    
 Better Than Average     
    
 Worse Than Average Compare Innovation Shares to competition

Innovation Shares Fundamental Vs Peers

FundamentalsInnovation SharesPeer Average
One Year Return(14.46) (0.97) 
Net Asset1.48 M2.29 B
Last Dividend Paid0.62650.14
Equity Positions Weight99.57 52.82 
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