A3 Alternative Credit Etf Performance
| AAACX Etf | USD 6.22 0.01 0.16% |
The entity owns a Beta (Systematic Risk) of 0.0328, which signifies not very significant fluctuations relative to the market. As returns on the market increase, A3 Alternative's returns are expected to increase less than the market. However, during the bear market, the loss of holding A3 Alternative is expected to be smaller as well.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in A3 Alternative Credit are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of fairly strong fundamental indicators, A3 Alternative is not utilizing all of its potentials. The recent stock price disturbance, may contribute to short-term losses for the investors. ...more
1 | 11 Best Biotech ETFs To Buy - Yahoo Finance | 04/09/2024 |
AAACX |
A3 Alternative Relative Risk vs. Return Landscape
If you would invest 620.00 in A3 Alternative Credit on January 20, 2024 and sell it today you would earn a total of 2.00 from holding A3 Alternative Credit or generate 0.32% return on investment over 90 days. A3 Alternative Credit is currently producing 0.0053% returns and takes up 0.1503% volatility of returns over 90 trading days. Put another way, 1% of traded etfs are less volatile than AAACX, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
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A3 Alternative Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for A3 Alternative's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as A3 Alternative Credit, and traders can use it to determine the average amount a A3 Alternative'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 = 0.0353
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| Negative Returns | AAACX |
Estimated Market Risk
| 0.15 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 2 98% of assets perform better |
Based on monthly moving average A3 Alternative is performing at about 2% 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 A3 Alternative by adding it to a well-diversified portfolio.
About A3 Alternative Performance
To evaluate A3 Alternative Credit 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 A3 Alternative 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 AAACX 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 A3 Alternative Credit market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents AAACX'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.A3 Alternative is entity of United States. It is traded as Etf on NMFQS exchange.| Latest headline from news.google.com: 11 Best Biotech ETFs To Buy - Yahoo Finance |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in A3 Alternative Credit. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the A3 Alternative Credit information on this page should be used as a complementary analysis to other A3 Alternative's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
The market value of A3 Alternative Credit is measured differently than its book value, which is the value of AAACX that is recorded on the company's balance sheet. Investors also form their own opinion of A3 Alternative's value that differs from its market value or its book value, called intrinsic value, which is A3 Alternative'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 A3 Alternative's market value can be influenced by many factors that don't directly affect A3 Alternative'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 A3 Alternative's value and its price as these two are different measures arrived at by different means. Investors typically determine if A3 Alternative is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, A3 Alternative'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.