Axs Tsla Bear Etf Market Value
| TSLQ Etf | USD 43.05 3.33 7.18% |
| Symbol | AXS |
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.
AXS TSLA 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to AXS TSLA's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of AXS TSLA.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in AXS TSLA on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding AXS TSLA Bear or generate 0.0% return on investment in AXS TSLA over 180 days. AXS TSLA is related to or competes with AXS 125X, Direxion Shares, Direxion Shares, Tuttle Capital, and Direxion Shares. Under normal market circumstances, the adviser will maintain at least 80 percent exposure to financial instruments that ... More
AXS TSLA Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure AXS TSLA's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess AXS TSLA Bear upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.76 | |||
| Information Ratio | 0.0919 | |||
| Maximum Drawdown | 61.54 | |||
| Value At Risk | (16.23) | |||
| Potential Upside | 12.35 |
AXS TSLA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AXS TSLA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AXS TSLA's standard deviation. In reality, there are many statistical measures that can use AXS TSLA historical prices to predict the future AXS TSLA's volatility.| Risk Adjusted Performance | 0.0817 | |||
| Jensen Alpha | 7.41 | |||
| Total Risk Alpha | (4.74) | |||
| Sortino Ratio | 0.5064 | |||
| Treynor Ratio | (0.58) |
AXS TSLA Bear Backtested Returns
AXS TSLA is out of control given 3 months investment horizon. AXS TSLA Bear secures Sharpe Ratio (or Efficiency) of 0.0974, which signifies that the etf had a 0.0974% return per unit of risk over the last 3 months. We were able to break down and interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 6.46% are justified by taking the suggested risk. Use AXS TSLA risk adjusted performance of 0.0817, and Mean Deviation of 16.75 to evaluate company specific risk that cannot be diversified away. The etf shows a Beta (market volatility) of -10.43, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning AXS TSLA are expected to decrease by larger amounts. On the other hand, during market turmoil, AXS TSLA is expected to outperform it.
Auto-correlation | 0.04 |
Virtually no predictability
AXS TSLA Bear has virtually no predictability. Overlapping area represents the amount of predictability between AXS TSLA time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of AXS TSLA Bear price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current AXS TSLA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 68.04 |
AXS TSLA Bear lagged returns against current returns
Autocorrelation, which is AXS TSLA etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting AXS TSLA's etf expected returns. We can calculate the autocorrelation of AXS TSLA returns to help us make a trade decision. For example, suppose you find that AXS TSLA has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
AXS TSLA regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If AXS TSLA etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AXS TSLA etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AXS TSLA etf over time.
Current vs Lagged Prices |
| Timeline |
AXS TSLA Lagged Returns
When evaluating AXS TSLA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AXS TSLA etf have on its future price. AXS TSLA autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, AXS TSLA autocorrelation shows the relationship between AXS TSLA etf current value and its past values and can show if there is a momentum factor associated with investing in AXS TSLA Bear.
Regressed Prices |
| Timeline |
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 against AXS Etf
| 0.55 | VUG | Vanguard Growth Index | PairCorr |
| 0.5 | VTI | Vanguard Total Stock | PairCorr |
| 0.49 | SPY | SPDR SP 500 Aggressive Push | PairCorr |
| 0.49 | IVV | iShares Core SP | PairCorr |
| 0.46 | VO | Vanguard Mid Cap | 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 AXS TSLA Correlation, AXS TSLA Volatility and AXS TSLA Alpha and Beta module to complement your research on AXS TSLA. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
AXS TSLA 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.