Etf Managers Group Etf Profile
ETF Managers is trading at 2.34 as of the 13th of December 2024; that is No Change since the beginning of the trading day. The etf's open price was 2.34. The performance scores are derived for the period starting the 24th of December 2022 and ending today, the 13th of December 2024. Click here to learn more.
ETF Etf Highlights
| Old Name | ETF Managers Trust - ETFMG 2x Daily Travel Tech ETF |
| Business Concentration | Trading--Leveraged Equity, ETFMG (View all Sectors) |
| Nav Price | 2.21 |
| Two Hundred Day Average | 3.4637 |
| Ytd | -63.16% |
| Average Daily Volume In Three Month | 416 |
| Fifty Two Week Low | 2.05 |
| As Of Date | 25th of October 2022 |
| Average Daily Volume Last 10 Day | 1.29k |
| Fifty Two Week High | 7.86 |
| One Month | -4.25% |
| Fifty Day Average | 2.268 |
| Three Month | -17.77% |
ETF Managers Group [AWYX] is traded in USA and was established 2021-06-15. The fund is listed under Trading--Leveraged Equity category and is part of ETFMG family. ETF Managers Group presently have 238.9 K in assets under management (AUM). , while the total return for the last year was -71.0%.
Check ETF Managers Probability Of Bankruptcy
ETF Managers Group Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in ETF Managers. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Mean Deviation | 1.77 | |||
| Standard Deviation | 2.61 | |||
| Variance | 6.81 | |||
| Risk Adjusted Performance | (0.05) |
ETF Managers Against Markets
ETF Managers Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ETF Managers etf to make a market-neutral strategy. Peer analysis of ETF Managers could also be used in its relative valuation, which is a method of valuing ETF Managers by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
The market value of ETF Managers Group is measured differently than its book value, which is the value of ETF that is recorded on the company's balance sheet. Investors also form their own opinion of ETF Managers' value that differs from its market value or its book value, called intrinsic value, which is ETF Managers' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ETF Managers' market value can be influenced by many factors that don't directly affect ETF Managers' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ETF Managers' value and its price as these two are different measures arrived at by different means. Investors typically determine if ETF Managers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETF Managers' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.