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ETFs

EA Series Trust Argent Mid Cap ETF

AMID
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 17 2022
Expense Ratio
0.52%
Type
US Equities
Fund Owner
Argent Capital Management
Volume (1m avg. daily)
$23,225
AUM
$31,466,151
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

FICO
Fair, Isaac Corp.
4.68%
CDW
CDW Corp
4.57%
BLDR
Builders Firstsource Inc
4.49%
CPRT
Copart, Inc.
3.75%
DHI
D.R. Horton Inc.
3.53%
CTAS
Cintas Corporation
3.02%
FTNT
Fortinet Inc
2.88%
MEDP
Medpace Holdings Inc
2.73%
HLI
Houlihan Lokey Inc - Ordinary Shares - Class A
2.62%
HCA
HCA Healthcare Inc
2.55%
Invest with AMID

What is AMID?

Argent Capital's Mid Cap ETF uses a blend of quantitative and fundamental research to identify good businesses undergoing positive internal or external change. We seek to own these companies for the long term. Argent believes that companies undergoing positive change, driven either by internal or external factors, frequently experience underappreciated growth. We believe that good businesses are those that exhibit above-average profitability, generate above-average cash flow, and have management teams that are good stewards of capital. It starts with an investment universe consisting of publicly-traded U.S. stocks with market capitalizations ranging from $1.5 to $20 billion. The remaining companies are screened by our proprietary quantitative tool, The Argent Alpha Model. The Argent Alpha Model is utilized to point the team toward the right companies, in the right sectors, at the right time undergoing positive change. The resulting portfolio is highly concentrated with 35-50 stocks and exhibits high active share and low turnover.

ETFs related toAMID

ETFs correlated to AMID include JHMM, MDYG, IWR

AMID
EA Series Trust - Argent Mid Cap ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
MDYG
SPDR Series Trust - SPDR S&P 400 Mid Cap Growth ETF
IWR
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF
IJK
BlackRock Institutional Trust Company N.A. - iShares S&P Mid-Cap 400 Growth ETF
IVOG
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 Growth ETF
IMCB
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap ETF
BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
SCHM
Schwab Strategic Trust - Schwab U.S. Mid-Cap ETF
FNY
First Trust Exchange-Traded Fund III - First Trust Mid Cap Growth AlphaDEX Fund
PDP
Invesco Capital Management LLC - Invesco Dorsey Wright Momentum ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toAMID

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with AMID using Composer

FAQ

AMID is a US Equities ETF. Argent Capital's Mid Cap ETF uses a blend of quantitative and fundamental research to identify good businesses undergoing positive internal or external change. We seek to own these companies for the long term. Argent believes that companies undergoing positive change, driven either by internal or external factors, frequently experience underappreciated growth. We believe that good businesses are those that exhibit above-average profitability, generate above-average cash flow, and have management teams that are good stewards of capital. It starts with an investment universe consisting of publicly-traded U.S. stocks with market capitalizations ranging from $1.5 to $20 billion. The remaining companies are screened by our proprietary quantitative tool, The Argent Alpha Model. The Argent Alpha Model is utilized to point the team toward the right companies, in the right sectors, at the right time undergoing positive change. The resulting portfolio is highly concentrated with 35-50 stocks and exhibits high active share and low turnover.

Yes, AMID is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, AMID is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on AMID is -0.0157%. This is the percent change in the value of AMID over the most recent 1-month period. The 3-month return on AMID is 0.0085%. This is the percent change in the value of AMID over the most recent 3-month period.

The standard deviation of AMID for the past year is 0.2083%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to AMID include VIG, VYM, and DFAS.

ETFs correlated to AMID include JHMM, MDYG, and IWR.

ETFs that are inversely correlated to AMID include TWM, TZA, and RWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.