Etracs Daily Short Etf Year To Date Return
ETRACS Daily Short fundamentals help investors to digest information that contributes to ETRACS Daily's financial success or failures. It also enables traders to predict the movement of ETRACS Etf. The fundamental analysis module provides a way to measure ETRACS Daily's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ETRACS Daily etf.
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ETRACS Daily Short ETF Year To Date Return Analysis
ETRACS Daily's Year to Date Return (YTD) is the total return generated from holding a security from the beginning of the current fiscal year. In other words, YTD Return represents the capital appreciation of your investments from the start of the current fiscal year.
More About Year To Date Return | All Equity Analysis
YTD Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current ETRACS Daily Year To Date Return | 30.19 % |
Most of ETRACS Daily's fundamental indicators, such as Year To Date 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, ETRACS Daily Short is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Year-To-Date typically refers to a period starting from the beginning of the current year and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.
CompetitionAccording to the company's disclosures, ETRACS Daily Short has a Year To Date Return of 30.19%. This is 802.09% lower than that of the UBS AG family and significantly higher than that of the Volatility category. The year to date return for all United States etfs is notably lower than that of the firm.
ETRACS Year To Date Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ETRACS Daily's direct or indirect competition against its Year To Date Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of ETRACS Daily could also be used in its relative valuation, which is a method of valuing ETRACS Daily by comparing valuation metrics of similar companies.ETRACS Daily is rated below average in year to date return as compared to similar ETFs.
ETRACS Fundamentals
| Year To Date Return | 30.19 % | |||
| Net Asset | 12.73 M |
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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 real. 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 Daily Short 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 Daily's history and understand the potential risks before investing.
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