Convergence Long/Short Equity ETF
Ticker
CLSE
ISIN
US89834G760
Price
USD 23.61
Change Today
-0.17 / -0.715 %
Price 1 year ago
16.83 / 40.275 %
Morningstar
4
52 Week Low
16.64
52 Week High
24.03
200 Day Moving Average 21.07
21.07
50-day Moving Average
22.47
Price evolution
Yearly returns
Peers comparison
Risk factors
1 year
| Parameter | Value |
|---|---|
| Sharpe Ratio | 0.74 |
| Sortino Ratio | -0.02 |
| Maximum Drawdown | -1.89% |
| Maximum Drawdown Date | 2023-12-06 |
| Calmar Ratio | -7.86 |
1 year
| Parameter | Value |
|---|---|
| Return | 0.76 |
| Volatility | 3.18% |
| Alpha | -2.81 |
| Beta | None |
| R Squared | +72.33 |
History
| Parameter | Value |
|---|---|
| Average Annual Return | 17.972% |
| Average Annual Volatility | 13.008% |
| Sharpe Ratio | 1.38 |
| Sortino Ratio | 1.77 |
| Maximum Drawdown | -14.000000000000002% |
| Maximum Drawdown Date | 2022-09-30 |
| Calmar Ratio | -1.28 |
Company information
Summary
The investment seeks long-term capital growth. The fund seeks to invest, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in long and short positions in equity securities of domestic companies. The adviser intends to maintain a net long exposure (the market value of long positions minus the market value of short positions) of approximately 50% to 100%. Under normal market conditions, the fund’s long positions may range from approximately 90% to 150% and its short positions may range from approximately 20% to 70%.
Market
US
Category
Long-Short Equity
Expense Ratio
1.56%
Fund family
Convergence
Morningstar
4
Yield
-
Exchange
BTS
| Sector | Weight |
|---|---|
| Technology | 22.51% |
| Financial services | 14.51% |
| Healthcare | 13.36% |
| Consumer cyclical | 9.50% |
| Communication services | 8.40% |
| Industrials | 8.17% |
| Consumer defensive | 6.39% |
| Energy | 6.37% |
| Basic materials | 5.91% |
| Realestate | 2.72% |
| Utilities | 0.37% |
| Country | Ratio |
|---|---|
| United States | 98.21 |
| Switzerland | 0.39 |
| United Kingdom | 0.15 |
| Argentina | 0.00 |
| Australia | 0.00 |
| Austria | 0.00 |
| Belgium | 0.00 |
| Brazil | 0.00 |
| Canada | 0.00 |
| Chile | 0.00 |
Holdings
NoneAlternative funds
| Ticker | Name | Isin | Exchange | Expenses | Morningstar | Alpha | Beta |
|---|---|---|---|---|---|---|---|
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | US233051200 | PCX | 0.35% | 5 | +7.98 | |
| FR0000974412.PA | R Opal Long/Short Global F EUR | FR0000974412 | YHD | 5 | |||
| FR0010234898.PA | R Opal Long/Short Global C EUR | FR0010239657 | YHD | 5 | |||
| FR0010501072.PA | R Opal Long/Short Global | FR0000974412 | YHD | 5 | |||
| FR0011591049.PA | R Opal Long/Short Global K EUR | FR0000974412 | YHD | 5 | |||
| FR0011591056.PA | R Opal Long/Short Global I EUR | LU1317704051 | YHD | 5 | -2.44 | -0.12 | |
| IE00BZ050B02.IR | MontLake UCITS Platform ICAV - Sparx Oneasia Long/Short UCITS Fund | IE00BZ050B02 | YHD | 5 | |||
| SCHD | Schwab U.S. Dividend Equity ETF | US8085247976 | PCX | 0.06% | 5 | +7.37 |
Sustainability scores
Events
Indicators
Glossary
- Momentum
- A technical indicator that measures the rate of change in price movements over a specific period. It indicates the strength or weakness of a price trend.
Assessment: A positive momentum value generally indicates a good trend, while a negative value suggests a weak or downward trend.
- Inertia
- In trading, inertia refers to the tendency of prices to continue moving in their current direction. It suggests that an asset's price will likely maintain its current trend.
Assessment: A higher inertia value is generally considered good, as it indicates a strong and sustained price trend.
- Relative Strength Index (RSI)
- A momentum oscillator that measures the speed and change of price movements. It helps identify overbought or oversold conditions in an asset.
Assessment: An RSI value above 70 is typically considered overbought and may suggest a potential reversal or correction. Conversely, an RSI value below 30 is often considered oversold, indicating a possible upward price correction.
- Fibonacci's Weighted Moving Average
- A technical indicator that assigns different weights to recent data points, giving more significance to recent prices. It helps smooth out price fluctuations and identify trend reversals.
Assessment: The interpretation of the Fibonacci's Weighted Moving Average value depends on its comparison to other moving averages or trendlines. A value above 50 may indicate an uptrend, while a value below 50 may suggest a downtrend.
- Williams %R
- A momentum indicator that measures overbought or oversold conditions in an asset. It shows the relationship of the current closing price to the high-low range over a specified period.
Assessment: Williams %R values above -20 are typically considered overbought and may indicate a potential price reversal. Values below -80 are often viewed as oversold, suggesting a potential price bounce.
- Relative Volatility Index (RVI)
- A technical indicator that measures the volatility of a security by comparing the magnitude of recent price movements to the magnitude of average price changes. It helps identify periods of high or low volatility.
Assessment: A higher RVI value suggests higher volatility, which can provide trading opportunities but also carries increased risk.
- Commodity Channel Index (CCI)
- A versatile indicator that measures the current price level relative to an average price level over a given period. It helps identify overbought or oversold conditions and potential trend reversals.
Assessment: CCI values above 100 are often considered overbought, indicating a potential price correction or reversal. Values below -100 are typically viewed as oversold, suggesting a potential price rebound.