SPAX:NYE-Tidal ETF Trust - Robinson Alternative Yield Pre-Merger SPAC ETF (USD)

ETF | Others |

Last Closing

USD 20.241

Change

-0.06 (-0.29)%

Market Cap

USD 8.12M

Volume

5.10K

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

The fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities, specifically units and shares of common stock and warrants, of U.S.-listed Special Purpose Acquisition Companies ("SPACs"). A SPAC is publicly traded and is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more other operating companies.

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-11-15 )

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ETFs Containing SPAX

N/A

Market Performance

  Market Performance vs. Industry/Classification (Others) Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -0.63% 20% F 28% F
Dividend Return 3.98% 64% D 61% D-
Total Return 3.34% 23% F 30% F
Trailing 12 Months  
Capital Gain -5.68% 7% C- 15% F
Dividend Return 9.67% 93% A 90% A-
Total Return 3.99% 13% F 21% F
Trailing 5 Years  
Capital Gain N/A N/A N/A N/A N/A
Dividend Return N/A N/A N/A N/A N/A
Total Return N/A N/A N/A N/A N/A
Average Annual (5 Year Horizon)  
Capital Gain 0.30% 38% F 34% F
Dividend Return 1.74% 44% F 32% F
Total Return 1.44% 59% D- 35% F
Risk Return Profile  
Volatility (Standard Deviation) 2.07% 95% A 98% N/A
Risk Adjusted Return 84.20% 90% A- 91% A-
Market Capitalization 8.12M 17% F 6% D-

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

What to not like:
Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.