Microsectors Gold 3x Etf Performance
| SHNY Etf | USD 59.61 1.55 2.53% |
The etf secures a Beta (Market Risk) of 0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Microsectors Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Microsectors Gold is expected to be smaller as well.
Risk-Adjusted Performance
Solid
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in Microsectors Gold 3x are ranked lower than 20 (%) of all global equities and portfolios over the last 90 days. In spite of fairly conflicting basic indicators, Microsectors Gold showed solid returns over the last few months and may actually be approaching a breakup point. ...more
Microsectors |
Microsectors Gold Relative Risk vs. Return Landscape
If you would invest 4,139 in Microsectors Gold 3x on December 24, 2024 and sell it today you would earn a total of 1,822 from holding Microsectors Gold 3x or generate 44.02% return on investment over 90 days. Microsectors Gold 3x is currently generating 0.6386% in daily expected returns and assumes 2.4207% risk (volatility on return distribution) over the 90 days horizon. In different words, 21% of etfs are less volatile than Microsectors, and 88% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Microsectors Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Microsectors Gold's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Microsectors Gold 3x, and traders can use it to determine the average amount a Microsectors Gold's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2638
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Estimated Market Risk
| 2.42 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.64 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.26 actual daily | 20 80% of assets perform better |
Based on monthly moving average Microsectors Gold is performing at about 20% 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 Microsectors Gold by adding it to a well-diversified portfolio.
Microsectors Gold Fundamentals Growth
Microsectors Etf prices reflect investors' perceptions of the future prospects and financial health of Microsectors Gold, and Microsectors Gold fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Microsectors Etf performance.
| Total Asset | 4.63 M | |||
About Microsectors Gold Performance
Evaluating Microsectors Gold's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Microsectors Gold has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Microsectors Gold has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The investment seeks daily investment results, before fees and expenses, of 200 percent of the daily performance of the Solactive Global Silver Miners Index. Direxion Daily is traded on Archipelago Exchange in USA.| The fund maintains most of the assets in different exotic instruments. |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Microsectors Gold 3x. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
The market value of Microsectors Gold 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.