ARB:NYE-AltShares Trust - AltShares Merger Arbitrage ETF (USD)

ETF | Others |

Last Closing

USD 27.513

Change

+0.02 (+0.07)%

Market Cap

USD 0.08B

Volume

2.40K

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

The fund seeks to track the performance of the index, which is designed to reflect a global merger arbitrage strategy. Under normal market conditions, it will invest at least 80% of its net assets (including borrowings for investment purposes) in the constituents of the index and in financial instruments with economic characteristics similar to such constituents such as swaps on such constituents. The fund is non-diversified.

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-12-26 )

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JAAA Janus Detroit Street Trust - J..

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AVUV Avantis® U.S. Small Cap Value..

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DFUS Dimensional U.S. Equity ETF

+0.06 (+0.09%)

USD 13.15B

ETFs Containing ARB

DVDY:AU VanEck Morningstar Austra.. 4.11 % 0.00 %

N/A

USD 0.08B
ONEC:CA Accelerate OneChoice Alte.. 0.00 % 0.00 %

N/A

CAD 0.02B
RIGZ 0.00 % 0.00 %

N/A

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 2.85% 42% F 47% F
Dividend Return N/A N/A N/A N/A N/A
Total Return 2.85% 24% F 34% F
Trailing 12 Months  
Capital Gain 2.62% 42% F 48% F
Dividend Return N/A N/A N/A N/A N/A
Total Return 2.62% 25% F 34% 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 1.67% 50% F 39% F
Dividend Return 2.68% 47% F 34% F
Total Return 1.01% 49% F 25% F
Risk Return Profile  
Volatility (Standard Deviation) 2.43% 93% A 98% N/A
Risk Adjusted Return 110.00% 99% N/A 98% N/A
Market Capitalization 0.08B 55% F 25% 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:
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.

Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior return on equity

The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it 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.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

What to not like:
Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

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.

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.

Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.