MicroSectors Gold Miners -3x Inverse Leveraged ETN Shares Down 11 percent Time to Sell?
| GDXD Etf | USD 12.90 0.05 0.39% |
About 62% of MicroSectors Gold's investor base is looking to short. The current sentiment regarding investing in MicroSectors Gold Miners etf implies that many traders are alarmed. The current market sentiment, together with MicroSectors Gold's historical and current headlines, can help investors time the market. In addition, many technical investors use MicroSectors Gold Miners etf news signals to limit their universe of possible portfolio assets.
MicroSectors Gold etf news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of MicroSectors daily returns and investor perception about the current price of MicroSectors Gold Miners as well as its diversification or hedging effects on your existing portfolios.
MicroSectors |
MicroSectors Gold Miners -3x Inverse Leveraged ETN s stock price dropped 11 percent during mid-day trading on Monday . The stock traded as low as 14.65 and last traded at 14.74. Approximately 166,591 shares were traded during trading, a decline of 76 percent from the average daily volume of 703,908 shares. The stock
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MicroSectors Gold Fundamental Analysis
We analyze MicroSectors Gold's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of MicroSectors Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of MicroSectors Gold based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Beta
Beta Comparative Analysis
MicroSectors Gold is currently under evaluation in beta as compared to similar ETFs. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
MicroSectors Gold Miners Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with MicroSectors Gold etf to make a market-neutral strategy. Peer analysis of MicroSectors Gold could also be used in its relative valuation, which is a method of valuing MicroSectors Gold by comparing valuation metrics with similar companies.
Peers
MicroSectors Gold Related Equities
| BERZ | MicroSectors Solactive | 2.05 | ||||
| WEBS | Direxion Daily | 1.21 | ||||
| GDXU | MicroSectors Gold | 0.52 |
Check out MicroSectors Gold Hype Analysis, MicroSectors Gold Correlation and MicroSectors Gold Performance. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
The market value of MicroSectors Gold Miners is measured differently than its book value, which is the value of MicroSectors that is recorded on the company's balance sheet. Investors also form their own opinion of MicroSectors Gold's value that differs from its market value or its book value, called intrinsic value, which is MicroSectors Gold'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 MicroSectors Gold's market value can be influenced by many factors that don't directly affect MicroSectors Gold'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 MicroSectors Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if MicroSectors Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MicroSectors Gold'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.