Roundhill Daily 2x Etf Profile

MAGX Etf   41.56  0.56  1.37%   

Performance

14 of 100

 
Weak
 
Strong
Good

Odds Of Distress

Less than 9

 
High
 
Low
Low
Roundhill Daily is trading at 41.56 as of the 30th of November 2024; that is 1.37 percent increase since the beginning of the trading day. The etf's open price was 41.0. Roundhill Daily has less than a 9 % chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Roundhill Daily 2X are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of September 2024 and ending today, the 30th of November 2024. Click here to learn more.
Roundhill Daily is entity of United States. It is traded as Etf on NASDAQ exchange. More on Roundhill Daily 2X

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Moving against Roundhill Etf

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Roundhill Etf Highlights

Thematic Ideas
(View all Themes)
Business ConcentrationStrategy ETFs, Theme ETFs, Trading--Leveraged Equity (View all Sectors)
IssuerRoundhill Investments
Inception Date2024-02-29
Entity TypeRegulated Investment Company
Asset TypeEquity
CategoryStrategy
FocusTheme
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorU.S. Bancorp Fund Services, LLC
AdvisorRoundhill Financial Inc.
CustodianU.S. Bank, N.A.
DistributorForeside Fund Services, LLC
Portfolio ManagerAndrew Serowik, Todd Alberico, Gabriel Tan, Brian Cooper
Transfer AgentU.S. Bancorp Fund Services, LLC
Fiscal Year End31-Dec
ExchangeNASDAQ
Number of Constituents5.0
Market MakerFlow Traders
Total Expense0.99
Management Fee0.95
Country NameUSA
CodeMAGX
Updated At29th of November 2024
NameRoundhill Daily 2X Long Magnificent Seven ETF
Currency NameUS Dollar
Currency CodeUSD
Open FigiBBG01LR3X6Q8
TypeETF
Roundhill Daily 2X [MAGX] is traded in USA and was established null. The fund is listed under Trading--Leveraged Equity. The entity is thematically classified as Strategy ETFs. Roundhill Daily 2X now have in assets.
Check Roundhill Daily Probability Of Bankruptcy

Roundhill Daily 2X 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 Roundhill Daily. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.

Roundhill Daily Against Markets

When determining whether Roundhill Daily 2X offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Roundhill Daily's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Roundhill Daily 2x Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Roundhill Daily 2x Etf:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Roundhill Daily 2X. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price.
You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
The market value of Roundhill Daily 2X is measured differently than its book value, which is the value of Roundhill that is recorded on the company's balance sheet. Investors also form their own opinion of Roundhill Daily's value that differs from its market value or its book value, called intrinsic value, which is Roundhill Daily'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 Roundhill Daily's market value can be influenced by many factors that don't directly affect Roundhill Daily'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 Roundhill Daily's value and its price as these two are different measures arrived at by different means. Investors typically determine if Roundhill Daily is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Roundhill Daily'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.