ETRACS Monthly Beta vs. Three Year Return

MVRL Etf  USD 16.73  0.02  0.12%   
Based on the key profitability measurements obtained from ETRACS Monthly's financial statements, ETRACS Monthly Pay may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in January. Profitability indicators assess ETRACS Monthly's ability to earn profits and add value for shareholders.
For ETRACS Monthly profitability analysis, we use financial ratios and fundamental drivers that measure the ability of ETRACS Monthly to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well ETRACS Monthly Pay utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between ETRACS Monthly's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of ETRACS Monthly Pay over time as well as its relative position and ranking within its peers.
  
Check out Correlation Analysis.
The market value of ETRACS Monthly 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 Monthly's value that differs from its market value or its book value, called intrinsic value, which is ETRACS Monthly'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 Monthly's market value can be influenced by many factors that don't directly affect ETRACS Monthly'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 Monthly's value and its price as these two are different measures arrived at by different means. Investors typically determine if ETRACS Monthly is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETRACS Monthly'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.

ETRACS Monthly Pay Three Year Return vs. Beta Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining ETRACS Monthly's current stock value. Our valuation model uses many indicators to compare ETRACS Monthly value to that of its competitors to determine the firm's financial worth.
ETRACS Monthly Pay is rated number one ETF in beta as compared to similar ETFs. It is regarded third largest ETF in three year return as compared to similar ETFs . Comparative valuation analysis is a catch-all technique that is used if you cannot value ETRACS Monthly by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

ETRACS Three Year Return vs. Beta

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.

ETRACS Monthly

Beta

 = 

Covariance

Variance

 = 
2.24
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.

ETRACS Monthly

Three Year Return

 = 

(Mean of Monthly Returns - 1)

X

100%

 = 
(13.70) %
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.

ETRACS Three Year Return Comparison

ETRACS Monthly is currently under evaluation in three year return as compared to similar ETFs.

Beta Analysis

As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ETRACS Monthly will likely underperform.

ETRACS Monthly Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in ETRACS Monthly, profitability is also one of the essential criteria for including it into their portfolios because, without profit, ETRACS Monthly will eventually generate negative long term returns. The profitability progress is the general direction of ETRACS Monthly's change in net profit over the period of time. It can combine multiple indicators of ETRACS Monthly, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The index is designed to track the overall performance of publicly-traded mortgage REITs that are listed and incorporated in the United States and derive at least 50 percent of their revenues from mortgage-related activity. Etracs Monthly is traded on NYSEARCA Exchange in the United States.

ETRACS Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on ETRACS Monthly. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of ETRACS Monthly position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the ETRACS Monthly's important profitability drivers and their relationship over time.

Use ETRACS Monthly in pair-trading

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 ETRACS Monthly 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 ETRACS Monthly will appreciate offsetting losses from the drop in the long position's value.

ETRACS Monthly Pair Trading

ETRACS Monthly Pay Pair Trading Analysis

The ability to find closely correlated positions to ETRACS Monthly could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ETRACS Monthly 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 ETRACS Monthly - 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 ETRACS Monthly Pay to buy it.
The correlation of ETRACS Monthly 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 ETRACS Monthly moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ETRACS Monthly Pay 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 ETRACS Monthly 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your ETRACS Monthly position

In addition to having ETRACS Monthly in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Materials ETFs Thematic Idea Now

Materials ETFs
Materials ETFs Theme
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Materials ETFs theme has 51 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Materials ETFs Theme or any other thematic opportunities.
View All  Next Launch
When determining whether ETRACS Monthly Pay is a strong investment it is important to analyze ETRACS Monthly's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ETRACS Monthly's future performance. For an informed investment choice regarding ETRACS Etf, refer to the following important reports:
Check out Correlation Analysis.
You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
To fully project ETRACS Monthly's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of ETRACS Monthly Pay at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include ETRACS Monthly's income statement, its balance sheet, and the statement of cash flows.
Potential ETRACS Monthly investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although ETRACS Monthly investors may work on each financial statement separately, they are all related. The changes in ETRACS Monthly's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on ETRACS Monthly's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.