ETRACS 2x Leveraged Price on October 24, 2024
| ESUSDelisted Etf | USD 35.29 0.00 0.00% |
If you're considering investing in ETRACS Etf, it is important to understand the factors that can impact its price. As of today, the current price of ETRACS 2x stands at 35.29, as last reported on the 10th of January, with the highest price reaching 35.29 and the lowest price hitting 35.29 during the day. ETRACS 2x is out of control given 3 months investment horizon. ETRACS 2x Leveraged secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the etf had a 0.14% return per unit of volatility over the last 3 months. We are able to break down and analyze data for twenty-four different technical indicators, which can help you to evaluate if expected returns of 20.64% are justified by taking the suggested risk. Use ETRACS 2x Coefficient Of Variation of 815.95, mean deviation of 564.23, and Market Risk Adjusted Performance of (6.17) to evaluate company specific risk that cannot be diversified away.
ETRACS Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
ETRACS |
Sharpe Ratio = 0.136
| Best Portfolio | Best Equity | ESUS | ||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 151.83 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average ETRACS 2x is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ETRACS 2x by adding it to a well-diversified portfolio.
ETRACS 2x Valuation on October 24, 2024
It is possible to determine the worth of ETRACS 2x on a given historical date. On October 24, 2024 ETRACS was worth 33.22 at the beginning of the trading date compared to the closed value of 33.32. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ETRACS 2x etf. Still, in general, we apply an absolute valuation method to find ETRACS 2x's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of ETRACS 2x where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ETRACS 2x's related companies.
| Open | High | Low | Close | Volume | |
| 33.06 | 33.06 | 33.06 | 33.06 | 1.00 | |
10/24/2024 | 33.22 | 33.34 | 33.22 | 33.32 | 502.00 |
| 33.21 | 33.21 | 33.21 | 33.21 | 1.00 |
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ETRACS 2x Trading Date Momentum on October 24, 2024
| On October 25 2024 ETRACS 2x Leveraged was traded for 33.21 at the closing time. The top price for the day was 33.21 and the lowest listed price was 33.21 . There was no trading activity during the period 1.0. Lack of trading volume on October 25, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.33% . The overall trading delta against the current closing price is 3.39% . |
ETRACS 2x Leveraged Fundamentals Correlations and Trends
By evaluating ETRACS 2x's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among ETRACS 2x's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. ETRACS financial account trend analysis is a perfect complement when working with valuation or volatility modules.About ETRACS 2x Etf history
ETRACS 2x investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for ETRACS is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ETRACS 2x Leveraged will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing ETRACS 2x stock prices may prove useful in developing a viable investing in ETRACS 2x
ETRACS 2x Etf Technical Analysis
ETRACS 2x technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, delisted etf market cycles, or different charting patterns.
Price Boundaries
ETRACS 2x Period Price Range
Low | January 10, 2025
| High |
0.00 | 0.00 |
ETRACS 2x Leveraged cannot be verified against its exchange. Please verify the symbol is currently traded on AMEX Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
ETRACS 2x January 10, 2025 Market Strength
Market strength indicators help investors to evaluate how ETRACS 2x etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ETRACS 2x shares will generate the highest return on investment. By undertsting and applying ETRACS 2x etf market strength indicators, traders can identify ETRACS 2x Leveraged entry and exit signals to maximize returns
ETRACS 2x Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ETRACS 2x's price direction in advance. Along with the technical and fundamental analysis of ETRACS Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of ETRACS to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1076 | |||
| Jensen Alpha | 286.01 | |||
| Total Risk Alpha | 234.06 | |||
| Sortino Ratio | 13.42 | |||
| Treynor Ratio | (6.18) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Investing Opportunities 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 employment. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Other Consideration for investing in ETRACS Etf
If you are still planning to invest in ETRACS 2x Leveraged check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the ETRACS 2x's history and understand the potential risks before investing.
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