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Upturn AI SWOT - About
SonicShares Global Shipping ETF (BOAT)
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Upturn Advisory Summary
01/21/2025: BOAT (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type ETF | Historic Profit -11.46% | Avg. Invested days 36 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 01/21/2025 |
Key Highlights
Volume (30-day avg) 20556 | Beta 1.02 | 52 Weeks Range 25.97 - 34.09 | Updated Date 04/2/2025 |
52 Weeks Range 25.97 - 34.09 | Updated Date 04/2/2025 |
Upturn AI SWOT
SonicShares Global Shipping ETF
ETF Overview
Overview
The SonicShares Global Shipping ETF (BOAT) aims to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Shipping Index. It focuses on companies involved in the maritime shipping industry, including those that own, operate, and service ships.
Reputation and Reliability
SonicShares is a relatively new ETF issuer; therefore, it has a limited track record compared to larger, more established firms.
Management Expertise
Information on the specific management team's expertise in maritime shipping investments may be limited, requiring further research.
Investment Objective
Goal
To track the performance of the Solactive Global Shipping Index, providing exposure to companies involved in the global shipping industry.
Investment Approach and Strategy
Strategy: The ETF employs a passive investment strategy, seeking to replicate the returns of the Solactive Global Shipping Index.
Composition The ETF primarily holds stocks of companies involved in the global shipping industry.
Market Position
Market Share: Data not readily available due to the ETF's niche focus and relatively smaller size.
Total Net Assets (AUM): Data not readily available due to the ETF's niche focus and relatively smaller size.
Competitors
Key Competitors
- SEA
- DWT
Competitive Landscape
The shipping ETF market is relatively niche. BOAT offers targeted exposure to global shipping companies. Competitors may have different strategies or leverage levels.
Financial Performance
Historical Performance: Historical data is needed to evaluate past performance. Performance varies with shipping industry cycles.
Benchmark Comparison: Compare BOAT's performance against the Solactive Global Shipping Index to assess tracking effectiveness.
Expense Ratio: Data not readily available, needs to be checked from official fund prospectus or website.
Liquidity
Average Trading Volume
Average trading volume needs to be assessed to determine ease of buying and selling shares.
Bid-Ask Spread
The bid-ask spread needs to be examined to assess potential trading costs.
Market Dynamics
Market Environment Factors
Economic indicators (global trade, GDP growth), sector-specific factors (shipping rates, vessel supply), and geopolitical events influence the ETF.
Growth Trajectory
The ETF's growth depends on the growth of global trade, shipping demand, and the performance of companies within the Solactive Global Shipping Index.
Moat and Competitive Advantages
Competitive Edge
BOAT offers a focused investment in the global shipping sector, targeting companies involved in maritime transportation. This niche focus can be beneficial for investors seeking pure-play exposure to the industry. A clearly defined index-tracking methodology contributes to the ETFu2019s transparency. However, being niche also limits the ETF's appeal to a broader investor base.
Risk Analysis
Volatility
Volatility is expected to be high due to the cyclical nature of the shipping industry and its sensitivity to global economic conditions.
Market Risk
The ETF is subject to risks associated with the shipping industry, including economic downturns, overcapacity, fluctuations in shipping rates, and geopolitical events.
Investor Profile
Ideal Investor Profile
Investors seeking targeted exposure to the global shipping industry, those who understand the cyclical nature of shipping, and those willing to accept higher volatility.
Market Risk
This ETF is more suited for investors with a higher risk tolerance and a specific interest in the global shipping sector; it may not be suitable for passive index followers seeking broad market exposure.
Summary
The SonicShares Global Shipping ETF (BOAT) provides targeted exposure to the global shipping industry by tracking the Solactive Global Shipping Index. Its performance depends on factors like global trade and shipping rates. It's a niche ETF with high volatility, suited for risk-tolerant investors with expertise in maritime transport. Further research is needed on AUM, Expense Ratio and average daily trading volume.
Similar Companies
SEA
U.S. Global Sea to Sky Cargo ETF
SEA
U.S. Global Sea to Sky Cargo ETF
Sources and Disclaimers
Data Sources:
- ETF.com
- SonicShares Website
- Solactive Website
- Bloomberg
Disclaimers:
This data is for informational purposes only and does not constitute investment advice. Market data is subject to change. Consult with a financial advisor before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SonicShares Global Shipping ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The index is a rules-based index that seeks to provide exposure to a global portfolio of companies identified as being engaged in the water transportation industry. Under normal circumstances, at least 80% of the fund"s net assets, plus borrowings for investment purposes, will be invested in Global Shipping Companies. It also may invest in securities or other investments not included in the index, but which the fund"s investment adviser believes will help it track the index. The fund is non-diversified.
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