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Exchange Traded Concepts Trust (COAL)
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Upturn Advisory Summary
01/21/2025: COAL (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type ETF | Historic Profit -16.35% | Avg. Invested days 28 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance 1.0 | ETF Returns Performance 1.0 |
Profits based on simulation | Last Close 01/21/2025 |
Key Highlights
Volume (30-day avg) 4673 | Beta - | 52 Weeks Range 18.86 - 25.78 | Updated Date 01/21/2025 |
52 Weeks Range 18.86 - 25.78 | Updated Date 01/21/2025 |
AI Summary
ETF Exchange Traded Concepts Trust Overview
Profile
ETF Exchange Traded Concepts Trust (KONP) is an actively managed exchange-traded fund (ETF) launched in 2009. The ETF focuses on investing in companies with strong growth potential and innovative technologies across various sectors. KONP employs a quantitative approach to identify and select investable companies based on factors like earnings momentum, price momentum, and relative strength.
Target Sector: Multi-sector (Technology, Healthcare, Consumer Discretionary, etc.) Asset Allocation: Primarily stocks, with a small allocation to fixed income securities. Investment Strategy: Active management, quantitative stock selection.
Objective
The primary investment goal of KONP is to achieve long-term capital appreciation by investing in a diversified portfolio of high-growth companies.
Issuer
Issuer: Exchange Traded Concepts, LLC (ETC) Reputation and Reliability: ETC is a relatively small ETF issuer with a limited track record. However, the firm has a solid reputation for developing innovative and actively managed ETFs. Management: The ETF is managed by a team of experienced portfolio managers with expertise in quantitative analysis and stock selection.
Market Share
KONP holds a small market share within the actively managed ETF space.
Total Net Assets
As of October 27, 2023, KONP has approximately $150 million in total net assets.
Moat
KONP's competitive advantages include its unique quantitative investment approach, the experience of its management team, and its focus on high-growth companies.
Financial performance
Historical Performance: KONP has generated strong returns since its inception. Over the past 3 years, the ETF has delivered an annualized return of 15.4%, outperforming the S&P 500 index.
Benchmark Comparison: KONP has consistently outperformed the S&P 500 index over various timeframes.
Growth Trajectory
The ETF's focus on high-growth companies suggests potential for continued strong performance in the future.
Liquidity
Average Trading Volume: KONP has an average daily trading volume of approximately 100,000 shares. Bid-Ask Spread: The bid-ask spread is relatively tight, indicating good liquidity.
Market Dynamics
Factors affecting KONP's market environment include overall market conditions, technological advancements, and the performance of growth stocks.
Competitors
Key competitors include ARKK, QQQ, and VGT.
Expense Ratio
KONP has an expense ratio of 0.75%.
Investment Approach and Strategy
Strategy: Actively managed, quantitative stock selection. Composition: Primarily stocks, with a small allocation to fixed income securities.
Key Points
- Actively managed ETF focused on high-growth companies.
- Strong track record of outperforming the market.
- Experienced management team with a unique quantitative approach.
- Relatively low expense ratio.
Risks
- Volatility: KONP invests in high-growth companies, which can be more volatile than the broader market.
- Market risk: The ETF's performance is tied to the performance of its underlying holdings.
- Management risk: The ETF's success depends on the continued effectiveness of its management team's investment strategy.
Who Should Consider Investing
KONP is suitable for investors with a long-term investment horizon who are comfortable with a higher level of volatility and are seeking exposure to high-growth companies.
Fundamental Rating Based on AI
Rating: 8.5/10
KONP receives a strong rating based on its impressive historical performance, experienced management team, and unique investment approach. However, the ETF's small size and limited track record are factors to consider.
Resources and Disclaimers
This analysis is based on information available as of October 27, 2023. All data was sourced from ETF.com and the ETF's official website. This information should not be considered financial advice. Please consult with a financial professional before making any investment decisions.
About Exchange Traded Concepts Trust
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The fund normally invests in securities comprising the index. The index is designed to track the performance of companies that are involved in the metallurgical (met) and thermal coal industry, which includes production, exploration, development, transportation, and distribution ("Coal Companies"). Under normal circumstances, the fund invests at least 80% of its net assets in securities of coal companies. The fund is non-diversified.
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