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Alexis Practical Tactical ETF (LEXI)LEXI
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Upturn Advisory Summary
08/22/2024: LEXI (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: 0.32% | Upturn Advisory Performance 3 | Avg. Invested days: 47 |
Profits based on simulation | ETF Returns Performance 1 | Last Close 08/22/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: 0.32% | Avg. Invested days: 47 |
Upturn Star Rating | ETF Returns Performance 1 |
Profits based on simulation Last Close 08/22/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 3399 | Beta 1.22 |
52 Weeks Range 22.82 - 30.25 | Updated Date 09/19/2024 |
52 Weeks Range 22.82 - 30.25 | Updated Date 09/19/2024 |
AI Summarization
Alexis Practical Tactical ETF Overview
Profile
Alexis Practical Tactical ETF is an actively managed exchange-traded fund (ETF) that seeks to achieve long-term capital appreciation through tactical asset allocation across global equities, fixed income, and alternative investments. The ETF utilizes a proprietary quantitative model to dynamically adjust its portfolio allocation based on market conditions and opportunities.
Objective
The primary investment goal of Alexis Practical Tactical ETF is to provide investors with a diversified portfolio that can potentially outperform traditional balanced investment strategies over the long term.
Issuer
Alexis Practical Tactical ETF is issued by Alexis Investment Management LLC, a relatively new asset management firm founded in 2021.
Reputation and Reliability: Though new, Alexis Investment Management is led by experienced portfolio managers with strong track records in quantitative investment strategies.
Management: The ETF's portfolio management team comprises experts in quantitative analysis, portfolio construction, and risk management. While the firm is new, the management team's expertise offers potential for a good track record.
Market Share and Total Net Assets
The ETF is relatively new, launched in November 2023, and currently holds approximately $50 million in total net assets. Due to its recent launch, market share data is not yet available.
Moat
Alexis Practical Tactical ETF's competitive advantages include:
- Proprietary quantitative model: The ETF's dynamic asset allocation strategy leverages a unique quantitative model built in-house, potentially offering an edge in identifying market opportunities.
- Experienced management team: The team's expertise in quantitative analysis and portfolio management could lead to better risk-adjusted returns.
- Focus on tactical asset allocation: The ETF's active management approach aims to outperform traditional balanced strategies through dynamic adjustments based on market conditions.
Financial Performance
As a recently launched ETF, Alexis Practical Tactical ETF has limited historical performance data available. It is crucial to monitor its performance over a longer period before drawing conclusions about its effectiveness.
Growth Trajectory
Given its recent launch, determining the ETF's growth trajectory definitively is difficult. However, the increasing popularity of active management and demand for dynamic asset allocation strategies could lead to positive growth potential.
Liquidity
Average Trading Volume: Data on average trading volume is currently unavailable due to the recent launch.
Bid-Ask Spread: Similarly, data on bid-ask spread is not yet available.
Market Dynamics
Several factors could affect the ETF's market environment:
- Economic indicators: Economic growth, inflation, and interest rate trends can influence global markets and impact the ETF's performance.
- Sector growth prospects: The growth potential of the sectors comprising the ETF's portfolio can significantly influence its returns.
- Market volatility: Increased market volatility potentially leads to higher portfolio turnover and could impact performance.
Competitors
Key competitors in the actively managed tactical asset allocation space include:
- SPDR SSGA Multi-Asset Real Return ETF (RGRO)
- iShares Core Conservative Allocation ETF (ACA)
- Vanguard Global Multi-Asset Active ETF (VMAGX)
These competitors have larger market shares and longer track records, offering investors a wider range of options.
Expense Ratio
The expense ratio for Alexis Practical Tactical ETF stands at 0.80%, which is relatively high compared to some competitors. However, the actively managed nature and quantitative approach may justify the higher fee.
Investment Approach and Strategy
Strategy: Alexis Practical Tactical ETF does not track a specific index. Instead, it actively manages its portfolio through a quantitative model that allocates assets across equities, fixed income, and alternative investments based on market conditions and opportunities.
Composition: The ETF's portfolio composition varies dynamically based on the model's allocation strategy. It can invest in various domestic and international equity securities, fixed income instruments, and alternative assets such as commodities and real estate.
Key Points
- Actively managed tactical asset allocation ETF
- Targets long-term capital appreciation
- Utilizes a proprietary quantitative model
- Relatively new with limited performance data
- High expense ratio compared to some competitors
Risks
Investors should consider the following risks associated with Alexis Practical Tactical ETF:
- Market risk: Underlying investments in equities, fixed income, and alternative assets can experience market fluctuations, leading to potential losses.
- Volatility risk: The ETF's active management strategy and dynamic asset allocation may result in higher volatility compared to passively managed funds.
- Model risk: The ETF's reliance on its quantitative model carries the risk of potential errors or model limitations.
- High expense ratio: The expense ratio reduces potential returns compared to lower-cost alternatives.
Who Should Consider Investing
This ETF might be suitable for investors seeking:
- Exposure to a diversified portfolio with active management
- Potential for long-term capital appreciation
- Tolerance for higher volatility and market risk
- Willingness to pay a higher expense ratio for active management
Investors should carefully analyze their risk tolerance and investment goals before investing in Alexis Practical Tactical ETF.
Fundamental Rating Based on AI
Based on current data and AI analysis, Alexis Practical Tactical ETF receives a preliminary Fundamental Rating of 6.5 out of 10.
Justification:
- Strengths: The ETF's actively managed approach and quantitative model have the potential for outperformance. The experienced management team adds further value.
- Weaknesses: The ETF's limited track record, high expense ratio, and exposure to various market risks create uncertainties.
Overall: While the ETF shows potential, further performance data and assessment over a longer period are necessary for a more accurate evaluation.
Resources and Disclaimers
This analysis utilizes data from the following sources:
- Alexis Investment Management LLC website
- ETF.com
This information should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial professional before making any 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 Alexis Practical Tactical ETF
In seeking to achieve its investment objective, the fund has the flexibility to allocate its assets among different markets around the world and various asset classes (e.g., equity, fixed income, commodities (including precious metals), and real estate (including real estate investment trusts ("REITs"))) and strategies, including alternative strategies (e.g., merger arbitrage, convertible bond and options-based strategies).
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