SavvyShort Shopify Risk Adjusted Performance

SHPD Etf   15.30  -0.59  -3.71%   
This technical indicator view for Risk Adjusted Performance organizes signals for SavvyShort Shopify ETF and comparable instruments. Data availability can vary by region and feed; Equity Screeners provides broader screening access. Review World Market Map to understand diversified portfolio construction. Broader allocation clarity strengthens diversification analysis. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in inflation.
  
SavvyShort Shopify ETF has current Risk Adjusted Performance of 0.0414.

RAP

 = 

(ER[a] - RFR) * STD[b])/STD[b]

RFR

 = 
0.0414
ER[a] = Expected return on investing in SavvyShort Shopify
RFR = Risk Free Rate of return. Typically T-Bill Rate
STD[b] =   Standard Deviation of selected market or benchmark.

SavvyShort Shopify Risk Adjusted Performance Peers Comparison

SavvyShort Risk Adjusted Performance Relative To Other Indicators

SavvyShort Shopify ETF is evaluated as second in Risk Adjusted Performance in risk adjusted performance as compared to similar ETFs. It is evaluated as fourth in Maximum Drawdown in maximum drawdown as compared to similar ETFs reporting about 897.75 of Maximum Drawdown per Risk Adjusted Performance. The ratio of Maximum Drawdown to Risk Adjusted Performance for SavvyShort Shopify ETF is roughly 897.75
Compare SavvyShort Shopify to Peers

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