Axs 2x Innovation Etf Price on November 27, 2024
| TARK Etf | USD 50.57 1.20 2.32% |
If you're considering investing in AXS Etf, it is important to understand the factors that can impact its price. As of today, the current price of AXS 2X stands at 50.57, as last reported on the 11th of December 2024, with the highest price reaching 53.56 and the lowest price hitting 50.36 during the day. As of now, AXS Etf is not too volatile. AXS 2X Innovation secures Sharpe Ratio (or Efficiency) of 0.0191, which signifies that the etf had a 0.0191% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for AXS 2X Innovation, which you can use to evaluate the volatility of the entity. Please confirm AXS 2X's mean deviation of 4.02, and Risk Adjusted Performance of 0.0377 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%.
AXS Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
AXS |
Sharpe Ratio = 0.0191
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | TARK |
| Negative Returns |
Estimated Market Risk
| 7.61 actual daily | 67 67% of assets are less volatile |
Expected Return
| 0.15 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average AXS 2X is performing at about 1% 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 AXS 2X by adding it to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
AXS 2X Valuation on November 27, 2024
It is possible to determine the worth of AXS 2X on a given historical date. On November 27, 2024 AXS was worth 45.0 at the beginning of the trading date compared to the closed value of 45.24. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of AXS 2X etf. Still, in general, we apply an absolute valuation method to find AXS 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 AXS 2X where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against AXS 2X's related companies.
| Open | High | Low | Close | Volume | |
| 88.44 | 89.95 | 87.28 | 87.52 | 15,444 | |
11/27/2024 | 45.00 | 47.34 | 44.02 | 45.24 | 72,515 |
| 45.76 | 47.20 | 45.76 | 46.55 | 40,100 |
| Backtest AXS 2X | | | AXS 2X History | | | AXS 2X Valuation | Previous | Next |
AXS 2X Trading Date Momentum on November 27, 2024
| On November 29 2024 AXS 2X Innovation was traded for 46.55 at the closing time. The top price for the day was 47.20 and the lowest listed price was 45.76 . The trading volume for the day was 40.1 K. The trading history from November 29, 2024 was a factor to the next trading day price upswing. The trading price change against the next closing price was 2.90% . The overall trading delta against the current closing price is 22.92% . |
About AXS 2X Etf history
AXS 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 AXS is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in AXS 2X Innovation 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 AXS 2X stock prices may prove useful in developing a viable investing in AXS 2X
The fund will enter into one or more swap agreements with major global financial institutions for a specified period ranging from a day to more than one year whereby the fund and the global financial institution will agree to exchange the return earned or realized on the ARK Innovation ETF. Axs 2X is traded on NASDAQ Exchange in the United States.
AXS 2X Etf Technical Analysis
AXS 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, etf market cycles, or different charting patterns.
Price Boundaries
AXS 2X Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
AXS 2X Innovation cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
AXS 2X December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how AXS 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 AXS 2X shares will generate the highest return on investment. By undertsting and applying AXS 2X etf market strength indicators, traders can identify AXS 2X Innovation entry and exit signals to maximize returns
AXS 2X Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for AXS 2X's price direction in advance. Along with the technical and fundamental analysis of AXS Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of AXS 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 | 0.0377 | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.90) | |||
| Sortino Ratio | 0.0174 | |||
| Treynor Ratio | 0.0645 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in AXS 2X Innovation. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
The market value of AXS 2X Innovation 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 2X's value that differs from its market value or its book value, called intrinsic value, which is AXS 2X'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 2X's market value can be influenced by many factors that don't directly affect AXS 2X'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 2X's value and its price as these two are different measures arrived at by different means. Investors typically determine if AXS 2X is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AXS 2X'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.