Ecofin Global Water Etf Performance
| EBLU Etf | USD 45.62 0.42 0.93% |
The etf shows a Beta (market volatility) of 0.99, which means possible diversification benefits within a given portfolio. Ecofin Global returns are very sensitive to returns on the market. As the market goes up or down, Ecofin Global is expected to follow.
Risk-Adjusted Performance
12 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Ecofin Global Water are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak essential indicators, Ecofin Global may actually be approaching a critical reversion point that can send shares even higher in May 2024. ...more
1 | Ecofin Global Water ESG Fund Stock Price Up 0.7 percent - Defense World | 03/12/2024 |
2 | Dive Into These ETFs on World Water Day - Yahoo Finance | 03/22/2024 |
| In Threey Sharp Ratio | 0.23 |
Ecofin |
Ecofin Global Relative Risk vs. Return Landscape
If you would invest 4,247 in Ecofin Global Water on January 25, 2024 and sell it today you would earn a total of 315.00 from holding Ecofin Global Water or generate 7.42% return on investment over 90 days. Ecofin Global Water is currently generating 0.1181% in daily expected returns and assumes 0.7324% risk (volatility on return distribution) over the 90 days horizon. In different words, 6% of etfs are less volatile than Ecofin, and 98% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Ecofin Global Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ecofin Global's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Ecofin Global Water, and traders can use it to determine the average amount a Ecofin Global'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 = 0.1613
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | EBLU | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.73 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.12 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Ecofin Global is performing at about 12% 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 Ecofin Global by adding it to a well-diversified portfolio.
Ecofin Global Fundamentals Growth
Ecofin Etf prices reflect investors' perceptions of the future prospects and financial health of Ecofin Global, and Ecofin Global fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Ecofin Etf performance.
| Total Asset | 54.45 M | |||
About Ecofin Global Performance
To evaluate Ecofin Global Water 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 Ecofin Global 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 Ecofin 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 Ecofin Global Water market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Ecofin'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.The fund will normally invest at least 80 percent of its net assets, plus the amount of any borrowings for investment purposes, in the types of securities suggested by its name . Managed Portfolio is traded on NYSEARCA Exchange in the United States.| The fund retains 99.59% of its assets under management (AUM) in equities |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ecofin Global Water. 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 Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
The market value of Ecofin Global Water is measured differently than its book value, which is the value of Ecofin that is recorded on the company's balance sheet. Investors also form their own opinion of Ecofin Global's value that differs from its market value or its book value, called intrinsic value, which is Ecofin Global'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 Ecofin Global's market value can be influenced by many factors that don't directly affect Ecofin Global'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 Ecofin Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ecofin Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ecofin Global'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.