Innovation Shares Performance

EKAR -- USA Etf  

USD 22.05  0.14  0.64%

The etf retains Market Volatility (i.e. Beta) of 0.0333 which attests that as returns on market increase, Innovation Shares returns are expected to increase less than the market. However during bear market, the loss on holding Innovation Shares will be expected to be smaller as well. Although it is extremely important to respect Innovation Shares current price history, it is better to be realistic regarding the information on equity current price movements. The philosophy towards determining future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By evaluating Innovation Shares technical indicators you can presently evaluate if the expected return of 0.2341% will be sustainable into the future.
1717

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Innovation Shares NextGen Vehic are ranked lower than 17 (%) of all global equities and portfolios over the last 30 days. In defiance of relatively conflicting forward-looking signals, Innovation Shares reported solid returns over the last few months and may actually be approaching a breakup point.
Fifty Two Week Low18.17
Fifty Two Week High22.37
Horizon     30 Days    Login   to change

Innovation Shares Relative Risk vs. Return Landscape

If you would invest  1,874  in Innovation Shares NextGen Vehic on October 23, 2019 and sell it today you would earn a total of  317.00  from holding Innovation Shares NextGen Vehic or generate 16.92% return on investment over 30 days. Innovation Shares NextGen Vehic is currently generating 0.2341% of daily expected returns and assumes 0.8993% risk (volatility on return distribution) over the 30 days horizon. In different words, 8% of equities are less volatile than Innovation Shares and 96% of traded equity instruments are projected to make higher returns than the company over the 30 days investment horizon.
 Daily Expected Return (%) 
      Risk (%) 
Given the investment horizon of 30 days, Innovation Shares is expected to generate 1.41 times more return on investment than the market. However, the company is 1.41 times more volatile than its market benchmark. It trades about 0.26 of its potential returns per unit of risk. The DOW is currently generating roughly 0.17 per unit of risk.

Innovation Shares Market Risk Analysis

Sharpe Ratio = 0.2603
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Innovation Shares Relative Performance Indicators

Estimated Market Risk
 0.9
  actual daily
 
 8 %
of total potential
 
88
Expected Return
 0.23
  actual daily
 
 4 %
of total potential
 
44
Risk-Adjusted Return
 0.26
  actual daily
 
 17 %
of total potential
 
1717
Based on monthly moving average Innovation Shares is performing at about 17% 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 Innovation Shares by adding it to a well-diversified portfolio.

Innovation Shares Alerts

Equity Alerts and Improvement Suggestions

Innovation Shares Dividends

Innovation Shares Dividends Analysis

Check Innovation Shares dividend payout schedule and payment analysis over time. Analyze past dividends calendar and estimate annual dividend income
Check Dividends  
Additionally see Investing Opportunities. Please also try Instant Ratings module to determine any equity ratings based on digital recommendations. macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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