2x Long Vix Etf Market Value
| UVIX Etf | USD 31.34 1.77 5.99% |
| Symbol | UVIX |
The market value of 2x Long VIX is measured differently than its book value, which is the value of UVIX that is recorded on the company's balance sheet. Investors also form their own opinion of 2x Long's value that differs from its market value or its book value, called intrinsic value, which is 2x Long'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 2x Long's market value can be influenced by many factors that don't directly affect 2x Long'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 2x Long's value and its price as these two are different measures arrived at by different means. Investors typically determine if 2x Long is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 2x Long'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.
2x Long '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 2x Long'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 2x Long.
| 12/27/2024 |
| 03/27/2025 |
If you would invest 0.00 in 2x Long on December 27, 2024 and sell it all today you would earn a total of 0.00 from holding 2x Long VIX or generate 0.0% return on investment in 2x Long over 90 days. 2x Long is related to or competes with 1x Short, ProShares UltraShort, MicroSectors FANG, Bank of Montreal, and AXS TSLA. The index measures the daily performance of a portfolio of long positions in first and second month VIX futures contract... More
2x Long 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 2x Long'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 2x Long VIX upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.71 | |||
| Information Ratio | 0.034 | |||
| Maximum Drawdown | 39.16 | |||
| Value At Risk | (9.95) | |||
| Potential Upside | 13.75 |
2x Long Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 2x Long's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 2x Long's standard deviation. In reality, there are many statistical measures that can use 2x Long historical prices to predict the future 2x Long's volatility.| Risk Adjusted Performance | 0.0385 | |||
| Jensen Alpha | 0.255 | |||
| Total Risk Alpha | 0.2946 | |||
| Sortino Ratio | 0.0408 | |||
| Treynor Ratio | (0.04) |
2x Long VIX Backtested Returns
2x Long appears to be somewhat reliable, given 3 months investment horizon. 2x Long VIX retains Efficiency (Sharpe Ratio) of 0.035, which signifies that the etf had a 0.035 % return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for 2x Long, which you can use to evaluate the volatility of the entity. Please makes use of 2x Long's Coefficient Of Variation of 2860.55, standard deviation of 8.04, and Market Risk Adjusted Performance of (0.03) to double-check if our risk estimates are consistent with your expectations. The etf owns a Beta (Systematic Risk) of -6.58, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning 2x Long are expected to decrease by larger amounts. On the other hand, during market turmoil, 2x Long is expected to outperform it.
Auto-correlation | -0.61 |
Very good reverse predictability
2x Long VIX has very good reverse predictability. Overlapping area represents the amount of predictability between 2x Long time series from 27th of December 2024 to 10th of February 2025 and 10th of February 2025 to 27th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of 2x Long VIX price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current 2x Long price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 40.14 |
2x Long VIX lagged returns against current returns
Autocorrelation, which is 2x Long 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 2x Long's etf expected returns. We can calculate the autocorrelation of 2x Long returns to help us make a trade decision. For example, suppose you find that 2x Long 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 |
2x Long 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 2x Long etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 2x Long etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 2x Long etf over time.
Current vs Lagged Prices |
| Timeline |
2x Long Lagged Returns
When evaluating 2x Long's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 2x Long etf have on its future price. 2x Long 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, 2x Long autocorrelation shows the relationship between 2x Long etf current value and its past values and can show if there is a momentum factor associated with investing in 2x Long VIX.
Regressed Prices |
| Timeline |
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Check out 2x Long Correlation, 2x Long Volatility and 2x Long Alpha and Beta module to complement your research on 2x Long. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
2x Long 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.