Tsmz Etf Profile
TSMZ Etf | 23.53 0.44 1.84% |
Performance0 of 100
| Odds Of DistressLess than 10
|
TSMZ is trading at 23.53 as of the 30th of November 2024; that is 1.84% down since the beginning of the trading day. The etf's open price was 23.97. TSMZ has less than a 10 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for TSMZ are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of June 2024 and ending today, the 30th of November 2024. Click here to learn more.
TSMZ is entity of United States. It is traded as Etf on NASDAQ exchange. More on TSMZ
Moving against TSMZ Etf
TSMZ Etf Highlights
Thematic Ideas | (View all Themes) |
Business Concentration | Single Stock ETFs, Strategy ETFs, Trading--Inverse Equity (View all Sectors) |
Issuer | Direxion |
Inception Date | 2024-10-03 |
Benchmark | Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM) |
Entity Type | Regulated Investment Company |
Asset Under Management | 4.2 Million |
Asset Type | Equity |
Category | Strategy |
Focus | Single Stock |
Market Concentration | Developed Markets |
Region | North America |
Administrator | U.S. Bancorp Fund Services, LLC |
Advisor | Rafferty Asset Management, LLC |
Custodian | The Bank of New York Mellon Corporation |
Distributor | Foreside Fund Services, LLC |
Portfolio Manager | Paul Brigandi, Tony Ng |
Transfer Agent | The Bank of New York Mellon Corporation |
Fiscal Year End | 31-Oct |
Exchange | NASDAQ |
Number of Constituents | 7.0 |
Market Maker | Susquehanna |
Total Expense | 0.99 |
Management Fee | 0.75 |
Country Name | USA |
Code | TSMZ |
Updated At | 29th of November 2024 |
Name | TSMZ |
Currency Name | US Dollar |
Currency Code | USD |
Open Figi | BBG01Q3Z5C53 |
Type | ETF |
TSMZ [TSMZ] is traded in USA and was established null. The fund is listed under Trading--Inverse Equity. The entity is thematically classified as Single Stock ETFs. TSMZ at this time have in assets.
Check TSMZ Probability Of Bankruptcy
TSMZ 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 TSMZ. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
Risk Adjusted Performance | (0.02) | |||
Jensen Alpha | (0.09) | |||
Total Risk Alpha | (0.47) | |||
Treynor Ratio | (16.27) |
TSMZ Against Markets
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TSMZ. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
The market value of TSMZ is measured differently than its book value, which is the value of TSMZ that is recorded on the company's balance sheet. Investors also form their own opinion of TSMZ's value that differs from its market value or its book value, called intrinsic value, which is TSMZ's 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 TSMZ's market value can be influenced by many factors that don't directly affect TSMZ's 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 TSMZ's value and its price as these two are different measures arrived at by different means. Investors typically determine if TSMZ is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TSMZ's 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.