AXS TSLA Financial Statements From 2010 to 2024
| TSLQ Etf | USD 46.38 38.89 519.23% |
Market Capitalisation {Big=0, Small=0, Mega=106.3484, Medium=0, Micro=0} |
Check AXS TSLA financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among AXS TSLA's main balance sheet or income statement drivers, such as , as well as many indicators such as . AXS financial statements analysis is a perfect complement when working with AXS TSLA Valuation or Volatility modules.
AXS |
AXS TSLA Bear ETF One Year Return Analysis
AXS TSLA's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current AXS TSLA One Year Return | (95.70) % |
Most of AXS TSLA's fundamental indicators, such as One Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, AXS TSLA Bear is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
| Competition |
Based on the recorded statements, AXS TSLA Bear has an One Year Return of -95.7%. This is much lower than that of the AXS family and significantly lower than that of the Trading--Inverse Equity category. The one year return for all United States etfs is notably higher than that of the company.
About AXS TSLA Financial Statements
AXS TSLA shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although AXS TSLA investors may analyze each financial statement separately, they are all interrelated. The changes in AXS TSLA's assets and liabilities, for example, are also reflected in the revenues and expenses on on AXS TSLA's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Under normal market circumstances, the adviser will maintain at least 80 percent exposure to financial instruments that provide inverse exposure to the daily performance of TSLA. Axs Tsla is traded on NASDAQ Exchange in the United States.
Pair Trading with AXS TSLA
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AXS TSLA position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AXS TSLA will appreciate offsetting losses from the drop in the long position's value.Moving together with AXS Etf
| 0.74 | SH | ProShares Short SP500 | PairCorr |
| 0.77 | PSQ | ProShares Short QQQ | PairCorr |
| 0.77 | SPXU | ProShares UltraPro Short | PairCorr |
| 0.76 | SDS | ProShares UltraShort | PairCorr |
| 0.77 | SPXS | Direxion Daily SP | PairCorr |
Moving against AXS Etf
| 0.88 | DAPP | VanEck Digital Trans | PairCorr |
| 0.87 | CRPT | First Trust SkyBridge | PairCorr |
| 0.85 | BITX | Volatility Shares Trust Upward Rally | PairCorr |
| 0.78 | DPST | Direxion Daily Regional | PairCorr |
| 0.77 | CONL | GraniteShares ETF Trust Upward Rally | PairCorr |
The ability to find closely correlated positions to AXS TSLA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AXS TSLA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AXS TSLA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AXS TSLA Bear to buy it.
The correlation of AXS TSLA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AXS TSLA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AXS TSLA Bear moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AXS TSLA can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of AXS TSLA Correlation against competitors. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
The market value of AXS TSLA Bear is measured differently than its book value, which is the value of AXS that is recorded on the company's balance sheet. Investors also form their own opinion of AXS TSLA's value that differs from its market value or its book value, called intrinsic value, which is AXS TSLA'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 AXS TSLA's market value can be influenced by many factors that don't directly affect AXS TSLA'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 AXS TSLA's value and its price as these two are different measures arrived at by different means. Investors typically determine if AXS TSLA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AXS TSLA'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.