Etracs 2xmonthly Pay Etf Profile
| PFFL Etf | USD 9.98 0.03 0.30% |
Performance2 of 100
| Odds Of DistressLess than 9
|
ETRACS 2xMonthly is selling for 9.98 as of the 30th of November 2024. This is a 0.30% increase since the beginning of the trading day. The etf's lowest day price was 9.98. ETRACS 2xMonthly has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat weak performance during the last 90 days. Equity ratings for ETRACS 2xMonthly Pay 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.
The index is designed to track the price movements of an equally weighted portfolio of two exchange-traded funds that hold preferred securities of various issuers. Etracs 2X is traded on NYSEARCA Exchange in the United States. More on ETRACS 2xMonthly Pay
Moving against ETRACS Etf
ETRACS Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Preferred Stock ETFs, Strategy ETFs, Trading--Miscellaneous, UBS (View all Sectors) |
| Issuer | UBS |
| Inception Date | 2018-09-25 |
| Benchmark | Solactive Preferred Stock ETF Index |
| Entity Type | Exchange-Traded Note |
| Asset Under Management | 9.98 Million |
| Average Trading Valume | 3,109.6 |
| Asset Type | Fixed Income |
| Category | Strategy |
| Focus | Preferred Stock |
| Market Concentration | Developed Markets |
| Region | North America |
| Fiscal Year End | 31-Oct |
| Exchange | NYSE Arca, Inc. |
| Market Maker | IMC |
| Total Expense | 0.85 |
| Management Fee | 0.85 |
| Country Name | USA |
| Returns Y T D | 12.36 |
| Name | ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN |
| Currency Code | USD |
| Open Figi | BBG00M37JQ40 |
| In Threey Volatility | 28.59 |
| 1y Volatility | 21.38 |
| 200 Day M A | 10.0057 |
| 50 Day M A | 10.3898 |
| Code | PFFL |
| Updated At | 29th of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.34) |
| Type | ETF |
ETRACS 2xMonthly Pay [PFFL] is traded in USA and was established 2018-09-26. The fund is listed under Trading--Miscellaneous category and is part of UBS family. The entity is thematically classified as Preferred Stock ETFs. ETRACS 2xMonthly Pay at this time have 18.95 M in assets. , while the total return for the last 3 years was -7.7%.
Check ETRACS 2xMonthly 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 ETRACS Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding ETRACS 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 ETRACS 2xMonthly Pay 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 ETRACS 2xMonthly Pay Etf Constituents
| PFF | iShares Preferred and | Etf | Preferred Stock | |
| PGX | Invesco Preferred ETF | Etf | Preferred Stock |
ETRACS 2xMonthly Pay 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 ETRACS 2xMonthly. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.0227 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.07) |
ETRACS 2xMonthly Against Markets
Check out Your Equity Center 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 census. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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.