Etfmg Prime Junior Etf Profile
| SILJ Etf | USD 11.06 0.29 2.69% |
Performance12 of 100
| Odds Of DistressLess than 9
|
ETFMG Prime is selling for 11.06 as of the 23rd of April 2024. This is a 2.69 percent increase since the beginning of the trading day. The etf's last reported lowest price was 10.62. ETFMG Prime has less than a 9 % chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for ETFMG Prime Junior are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of March 2024 and ending today, the 23rd of April 2024. Click here to learn more.
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. More on ETFMG Prime Junior
Moving together with ETFMG Etf
| 0.99 | GDX | VanEck Gold Miners | PairCorr |
| 0.97 | SIL | Global X Silver | PairCorr |
| 0.98 | SGDM | Sprott Gold Miners | PairCorr |
| 0.96 | SGDJ | Sprott Junior Gold | PairCorr |
| 0.98 | GOAU | US Global GO | PairCorr |
| 0.98 | GOEX | Global X Gold | PairCorr |
ETFMG 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. ETFMG Prime's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding ETFMG Prime or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Business Concentration | Sector ETFs, Materials ETFs, Equity Precious Metals, ETFMG (View all Sectors) |
| Issuer | Amplify |
| Inception Date | 2012-11-28 |
| Benchmark | Nasdaq Metals Focus Silver Miners Index |
| Entity Type | Regulated Investment Company |
| Average Trading Valume | 2.88 Million |
| Asset Type | Equity |
| Category | Sector |
| Focus | Materials |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | U.S. Bancorp Fund Services, LLC |
| Advisor | Amplify Investments LLC |
| Custodian | U.S. Bank, N.A. |
| Distributor | Foreside Fund Services, LLC |
| Portfolio Manager | Charles Ragauss, Qiao Duan |
| Transfer Agent | U.S. Bancorp Fund Services, LLC |
| Fiscal Year End | 31-Mar |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 52.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.69 |
| Management Fee | 0.69 |
| Country Name | USA |
| Returns Y T D | (17.5) |
| Name | ETFMG Prime Junior Silver Miners ETF |
| Currency Code | USD |
| Open Figi | BBG003NYHKF4 |
| In Threey Volatility | 33.42 |
| 1y Volatility | 35.08 |
| 200 Day M A | 9.2809 |
| 50 Day M A | 9.514 |
| Code | SILJ |
| Updated At | 23rd of April 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.39) |
ETFMG Prime Junior [SILJ] is traded in USA and was established 2012-11-28. The fund is listed under Equity Precious Metals category and is part of ETFMG family. The entity is thematically classified as Sector ETFs. ETFMG Prime Junior at this time have 620.72 M in assets. , while the total return for the last 3 years was -18.9%.
Check ETFMG Prime Probability Of Bankruptcy
Geographic Allocation (%)
ETFMG Prime Junior Currency Exposure
ETFMG Prime Junior holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of ETFMG Prime will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in ETFMG Prime Junior.
Top ETFMG Prime Junior Etf Constituents
| ELD | Eldorado Gold Corp | Stock | Materials |
| SSRM | SSR Mining | Stock | Materials |
| FVI | Fortuna Silver Mines | Stock | Materials |
| ADT1 | Adriatic Metals | Stock | Materials |
| TMQ | Trilogy Metals | Stock | Materials |
| MAG | MAG Silver Corp | Stock | Materials |
| ASM | Avino Silver Gold | Stock | Materials |
ETFMG Prime Target Price Odds Analysis
Based on a normal probability distribution, the odds of ETFMG Prime jumping above the current price in 90 days from now is about 5.71%. The ETFMG Prime Junior probability density function shows the probability of ETFMG Prime etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days ETFMG Prime has a beta of 0.0928. This usually implies as returns on the market go up, ETFMG Prime average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding ETFMG Prime Junior will be expected to be much smaller as well. Additionally, eTFMG Prime Junior has an alpha of 0.3063, implying that it can generate a 0.31 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of ETFMG Prime to move above the current price in 90 days from now is about 5.71 (This ETFMG Prime Junior probability density function shows the probability of ETFMG Etf to fall within a particular range of prices over 90 days) .
ETFMG Prime Junior Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. ETFMG Prime market risk premium is the additional return an investor will receive from holding ETFMG Prime 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 ETFMG Prime. 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 ETFMG Prime's alpha and beta are two of the key measurements used to evaluate ETFMG Prime's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0944 | |||
| Jensen Alpha | 0.3063 | |||
| Total Risk Alpha | 0.0193 | |||
| Sortino Ratio | 0.1112 |
ETFMG Prime Against Markets
Picking the right benchmark for ETFMG Prime 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 ETFMG Prime 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 ETFMG Prime is critical whether you are bullish or bearish towards ETFMG Prime Junior at a given time. Please also check how ETFMG Prime's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in ETFMG Prime without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Equity Analysis Now
Equity AnalysisResearch over 250,000 global equities including funds, stocks and ETFs to find investment opportunities |
| All Next | Launch Module |
How to buy ETFMG Etf?
Before investing in ETFMG Prime, 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 ETFMG Prime. To buy ETFMG Prime etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of ETFMG Prime. 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 ETFMG Prime etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located ETFMG Prime Junior 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 ETFMG Prime Junior 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 ETFMG Prime Junior, 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. For more information on how to buy ETFMG Etf please use our How to Invest in ETFMG Prime guide.
Already Invested in ETFMG Prime Junior?
The danger of trading ETFMG Prime Junior 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 ETFMG Prime 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 ETFMG Prime. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ETFMG Prime Junior 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 ETFMG Prime Junior is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if ETFMG Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Etfmg Prime Junior Etf. Highlighted below are key reports to facilitate an investment decision about Etfmg Prime Junior Etf: 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 Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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.