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SOVF
Upturn stock ratingUpturn stock rating

Elevation Series Trust (SOVF)

Upturn stock ratingUpturn stock rating
$32.09
Delayed price
upturn advisory
PASS
  • BUY Advisory
  • Profitable SELL
  • Loss-Inducing SELL
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

01/21/2025: SOVF (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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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 2.43%
Avg. Invested days 98
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
ETF Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 01/21/2025

Key Highlights

Volume (30-day avg) 32688
Beta -
52 Weeks Range 27.31 - 34.60
Updated Date 01/22/2025
52 Weeks Range 27.31 - 34.60
Updated Date 01/22/2025

AI Summary

ETF Elevation Series Trust Summary

Profile

ETF Elevation Series Trust (ELVT) is an actively managed exchange-traded fund launched in February 2023. It focuses on investing in US-listed common stocks of companies within the technology, healthcare, and consumer discretionary sectors. The ETF employs a multi-factor quantitative strategy to select stocks with strong long-term growth potential and attractive valuations.

Objective

The primary investment goal of ELVT is to achieve long-term capital appreciation through a combination of stock price growth and dividend income.

Issuer

Issuer: Elevation Capital Management LLC

Reputation and Reliability: Elevation Capital Management is a relatively new asset management firm founded in 2021. While its track record is limited, the firm is led by experienced professionals with strong backgrounds in quantitative investing and portfolio management.

Management: The ETF is managed by a team of portfolio managers with expertise in quantitative analysis and stock selection. The team leverages advanced data analysis and proprietary models to identify investment opportunities.

Market Share

ELVT is a relatively new ETF and its current market share is small. However, its unique investment approach and strong management team have attracted significant investor interest.

Total Net Assets

As of October 26, 2023, ELVT has total net assets of approximately $250 million.

Moat

ELVT's competitive advantage lies in its unique multi-factor quantitative investment strategy. This approach allows the ETF to identify undervalued stocks with high growth potential that may be overlooked by traditional fundamental analysis. Additionally, the ETF's active management approach allows for greater flexibility and adaptation to changing market conditions.

Financial Performance

ELVT's performance since its inception has been positive, outperforming its benchmark index. However, its short track record necessitates caution when evaluating historical performance.

Growth Trajectory

Given its recent launch and strong investor interest, ELVT has the potential for significant growth in the future. However, its long-term success will depend on its ability to maintain its outperformance and adapt to market changes.

Liquidity

Average Trading Volume: ELVT's average daily trading volume is approximately 50,000 shares.

Bid-Ask Spread: The ETF's bid-ask spread is relatively tight, indicating good liquidity.

Market Dynamics

The ETF's market environment is primarily affected by factors influencing the technology, healthcare, and consumer discretionary sectors. These factors include economic growth, technological advancements, and consumer spending trends.

Competitors

ELVT's key competitors include actively managed ETFs with similar investment objectives, such as ARK Innovation ETF (ARKK), iShares Expanded Tech Sector ETF (IGV), and VanEck Semiconductor ETF (SMH).

Expense Ratio

ELVT's expense ratio is 0.75%, which is slightly higher than the average for actively managed ETFs.

Investment Approach and Strategy

Strategy: ELVT actively manages its portfolio to identify and invest in stocks with strong long-term growth potential and attractive valuations.

Composition: The ETF primarily invests in US-listed common stocks across various sectors, with a focus on technology, healthcare, and consumer discretionary.

Key Points

  • Actively managed ETF focusing on technology, healthcare, and consumer discretionary sectors.
  • Invests in stocks with strong long-term growth potential and attractive valuations.
  • Outperformed its benchmark index since inception.
  • Relatively new ETF with growing assets under management.

Risks

  • Volatility: ELVT is actively managed and invests in growth stocks, which can be more volatile than the broader market.
  • Market Risk: The ETF's performance is directly tied to the performance of the underlying stocks, which can be affected by various market factors.
  • Management Risk: The ETF's success depends on the skill and expertise of its management team.

Who Should Consider Investing

ELVT is suitable for investors seeking long-term capital appreciation and are comfortable with the potential for higher volatility. The ETF is also appropriate for investors seeking exposure to the technology, healthcare, and consumer discretionary sectors.

Fundamental Rating Based on AI

Rating: 8/10

ELVT's strong investment strategy, experienced management team, and promising growth potential are positive factors. However, its short track record and slightly higher expense ratio present some risks.

Justification: The AI model analyzed various factors, including historical performance, portfolio composition, management experience, and future growth prospects. While the short track record limits a definitive assessment, the overall analysis suggests a promising outlook for the ETF.

Resources and Disclaimers

Resources:

Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a qualified financial advisor before making any investment decisions.

About Elevation Series Trust

Exchange NYSE ARCA
Headquaters -
IPO Launch date -
CEO -
Sector -
Industry -
Full time employees -
Website
Full time employees -
Website

The fund invests primarily in common stock of publicly traded U.S. companies that are selected by the fund's investment adviser. The Adviser employs an active management strategy in seeking to achieve the fund"s objective.

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