Etracs 2xmonthly Pay Etf Performance
| SMHB Etf | USD 5.00 0.03 0.60% |
The etf shows a Beta (market volatility) of 1.22, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ETRACS 2xMonthly will likely underperform.
Risk-Adjusted Performance
Weak
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in ETRACS 2xMonthly Pay are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong technical indicators, ETRACS 2xMonthly is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors. ...more
| In Threey Sharp Ratio | 0.12 |
ETRACS |
ETRACS 2xMonthly Relative Risk vs. Return Landscape
If you would invest 483.00 in ETRACS 2xMonthly Pay on December 23, 2024 and sell it today you would earn a total of 17.00 from holding ETRACS 2xMonthly Pay or generate 3.52% return on investment over 90 days. ETRACS 2xMonthly Pay is currently generating 0.0847% in daily expected returns and assumes 2.3739% risk (volatility on return distribution) over the 90 days horizon. In different words, 21% of etfs are less volatile than ETRACS, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
ETRACS 2xMonthly Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ETRACS 2xMonthly's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as ETRACS 2xMonthly Pay, and traders can use it to determine the average amount a ETRACS 2xMonthly'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 = 0.0357
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| Cash | Small Risk | SMHB | High Risk | Huge Risk |
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Estimated Market Risk
| 2.37 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 2 98% of assets perform better |
Based on monthly moving average ETRACS 2xMonthly is performing at about 2% 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 ETRACS 2xMonthly by adding it to a well-diversified portfolio.
ETRACS 2xMonthly Fundamentals Growth
ETRACS Etf prices reflect investors' perceptions of the future prospects and financial health of ETRACS 2xMonthly, and ETRACS 2xMonthly 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 ETRACS Etf performance.
| Total Asset | 44.87 M | |||
About ETRACS 2xMonthly Performance
By analyzing ETRACS 2xMonthly's fundamental ratios, stakeholders can gain valuable insights into ETRACS 2xMonthly's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if ETRACS 2xMonthly 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 ETRACS 2xMonthly has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
The index is designed to measure the performance of 100 relatively small capitalization, dividend yielding index constituent securities selected from a universe of qualifying U.S. listed equity securities. Etracs 2X is traded on NYSEARCA Exchange in the United States.| The fund created three year return of -8.0% | |
| ETRACS 2xMonthly Pay maintains all 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 ETRACS 2xMonthly Pay. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
The market value of ETRACS 2xMonthly Pay is measured differently than its book value, which is the value of ETRACS that is recorded on the company's balance sheet. Investors also form their own opinion of ETRACS 2xMonthly's value that differs from its market value or its book value, called intrinsic value, which is ETRACS 2xMonthly'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 ETRACS 2xMonthly's market value can be influenced by many factors that don't directly affect ETRACS 2xMonthly'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 ETRACS 2xMonthly's value and its price as these two are different measures arrived at by different means. Investors typically determine if ETRACS 2xMonthly is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETRACS 2xMonthly'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.