QAI:NYE-IQ Hedge Multi-Strategy Tracker ETF (USD)

ETF | Multialternative |

Last Closing

USD 32.24

Change

+0.08 (+0.25)%

Market Cap

USD 0.63B

Volume

0.03M

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

The fund is a fund of funds which means it invests, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the investments included in its underlying index, which includes underlying funds. The underlying index consists of a number of components (underlying index Components) selected in accordance with its rules-based methodology of such underlying index.

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-11-18 )

Largest Industry Peers for Multialternative

Symbol Name Price(Change) Market Cap
HDG ProShares Hedge Replication ET..

+0.02 (+0.04%)

USD 0.03B
DIVY Tidal ETF Trust

+0.18 (+0.67%)

USD 0.01B
LALT Invesco Multi-Strategy Alterna..

+0.04 (+0.19%)

USD 6.53M

ETFs Containing QAI

N/A

Market Performance

  Market Performance vs. Industry/Classification (Multialternative) Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 7.11% 100% F 52% F
Dividend Return N/A N/A N/A N/A N/A
Total Return 7.11% 75% C 41% F
Trailing 12 Months  
Capital Gain 5.74% 75% C 37% F
Dividend Return 4.02% 75% C 52% F
Total Return 9.76% 75% C 36% F
Trailing 5 Years  
Capital Gain 4.64% 67% D+ 47% F
Dividend Return 10.07% 67% D+ 29% F
Total Return 14.72% 67% D+ 37% F
Average Annual (5 Year Horizon)  
Capital Gain 0.65% 50% F 36% F
Dividend Return 2.54% 75% C 35% F
Total Return 1.89% 100% F 46% F
Risk Return Profile  
Volatility (Standard Deviation) 7.28% 50% F 86% B+
Risk Adjusted Return 34.95% 25% F 51% F
Market Capitalization 0.63B 100% F 51% F

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:
High dividend returns

The stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis , for investors seeking high income yields.

Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

What to not like:
Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.