Axonic Strategic Income Etf Profile
| AXSAX Etf | USD 8.86 0.03 0.34% |
Performance4 of 100
| Odds Of DistressLess than 9
|
Axonic Strategic is trading at 8.86 as of the 28th of November 2024; that is 0.34 percent up since the beginning of the trading day. The etf's open price was 8.83. Axonic Strategic has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for Axonic Strategic Income are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of August 2024 and ending today, the 28th of November 2024. Click here to learn more.
In pursuing its investment objective, the fund seeks to maximize risk-adjusted total returns by investing primarily in income-producing instruments . It also may invest in real estate investment trusts , equity securities of companies whose business is substantially related to the mortgage business, and mortgage derivatives such as stripped RMBS and inverse floaters.. More on Axonic Strategic Income
Moving together with Axonic Etf
Axonic Etf Highlights
| Business Concentration | Axonic, Large, Multisector Bond, Multisector Bond, Axonic, Large, Multisector Bond (View all Sectors) |
| Update Date | 30th of September 2024 |
| Prev Close Price | 8.83 |
| Country Name | USA |
| Code | AXSAX |
| Name | Axonic Strategic Income A |
| Currency Name | US Dollar |
| Currency Code | USD |
| Open Figi | BBG00VFLYPB3 |
| Type | FUND |
Axonic Strategic Income [AXSAX] is traded in USA and was established 2020-07-16. Axonic Strategic is listed under Axonic category by Fama And French industry classification. The fund is listed under Multisector Bond category and is part of Axonic family. Axonic Strategic Income presently have 2.02 B in assets under management (AUM). with the current yeild of 0.08%, while the total return for the last year was -5.13%.
Check Axonic Strategic Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Axonic Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Axonic Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Axonic Strategic Income Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Axonic Strategic Income Etf Constituents
| FGXXX | First American Funds | Money Market Fund | US Money Market Fund |
Axonic Strategic Income Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Axonic Strategic. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Mean Deviation | 0.0778 | |||
| Standard Deviation | 0.1445 | |||
| Variance | 0.0209 | |||
| Downside Variance | 0.0293 |
Axonic Strategic Income Technical Analysis
Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Axonic Strategic Income Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Axonic Strategic price patterns.
Axonic Strategic Against Markets
Other Information on Investing in Axonic Etf
Axonic Strategic financial ratios help investors to determine whether Axonic Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Axonic with respect to the benefits of owning Axonic Strategic security.