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AI Summary - 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 0.95 | 52 Weeks Range 26.25 - 34.61 | Updated Date 02/21/2025 |
52 Weeks Range 26.25 - 34.61 | Updated Date 02/21/2025 |
AI Summary
SonicShares Global Shipping ETF: A Summary
Profile:
SonicShares Global Shipping ETF (SEA) tracks the Solactive Global Shipping Index, offering investors exposure to global publicly-traded companies engaged in seaborne transportation. The ETF allocates assets across various segments within the shipping industry, including dry bulk, container, tanker, and offshore support. Its investment strategy prioritizes liquidity and diversification.
Objective:
The primary objective of SEA is to track the Solactive Global Shipping Index, offering investors a return commensurate with the performance of the global shipping industry.
Issuer:
SonicShares Capital Management Inc. issues SEA. It is a relatively new asset management firm offering a range of ETF products. Due to its recent establishment, its reputation and track record are still under development.
Market Share:
SEA commands a modest market share within the maritime ETF landscape. The global shipping industry itself occupies a limited yet crucial niche within the broader financial market.
Total Net Assets:
As of 2023, SEA’s total net assets stand at roughly $50 million.
Moat:
SEA's moats are primarily built on its diversified exposure across various shipping segments and its focus on the global market. This approach mitigates risks associated with individual shipping segments and geographic regions.
Financial Performance:
SEA's historical performance has mirrored the ups and downs of the global shipping industry. It boasts periods of strong gains followed by periods of decline. Comparing its performance to the Solactive Global Shipping Index reveals a high correlation, indicating efficient tracking of its benchmark.
Growth Trajectory:
Future growth of the global shipping industry hinges on factors like international trade, commodity prices, and geopolitical events. While predicting growth is complex, long-term trends suggest an expanding global economy and rising demand for maritime transportation.
Liquidity:
SEA exhibits moderate trading volume, indicating decent liquidity. However, the bid-ask spread might be wider than other ETFs due to its niche focus.
Market Dynamics:
Economic indicators, sectoral growth prospects, and current market conditions significantly affect the maritime industry and, consequently, SEA. Investors should keep abreast of developments in these areas.
Competitors:
Key competitors of SEA include:
- Pacer Global Shipping ETF (PSHG)
- Breakwave Dry Bulk Shipping ETF (BDRY)
- Invesco DB Commodity Index Tracking Fund - DBC
Expense Ratio:
SEA's expense ratio is around 0.75%, sitting within the average range for shipping ETFs.
Investment Approach and Strategy:
SEA passively tracks the Solactive Global Shipping Index. Its composition mirrors the index, investing in equities of companies involved in various shipping segments.
Key Points:
- Diversified exposure across the global shipping industry.
- Tracks the Solactive Global Shipping Index.
- Moderate liquidity.
- Relatively new ETF with limited track record.
Risks:
- Volatility: The shipping industry experiences cyclical fluctuations that can lead to significant price swings in SEA.
- Market Risk: SEA's performance is directly tied to the health of the global shipping industry, susceptible to various economic and geopolitical factors.
Who Should Consider Investing:
Investors seeking exposure to the global shipping industry and comfortable with potential volatility might find SEA intriguing. However, careful consideration of investment goals and risk tolerance is crucial.
Fundamental Rating Based on AI: 7.5/10
Justification:
An AI-based analysis of SEA reveals a solid fundamental profile. Its diversified approach, index tracking efficiency, and moderate expense ratio are positive attributes. However, the young age of the issuer and the inherent volatility of the shipping industry limit its overall score. This score suggests that SEA holds potential for investors seeking diversification and industry exposure. However, careful due diligence and risk assessment are vital before making any investment decisions.
Resources and Disclaimers:**
This analysis utilizes data from the following sources:
- SonicShares Global Shipping ETF website
- Solactive Global Shipping Index website
- ETF.com
Disclaimer: This information is for educational purposes only and should not be construed as financial advice. Please consult a qualified financial professional before making any investment decisions.
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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