Microsectors Gold 3x Etf Profile

SHNY Etf  USD 43.38  0.27  0.63%   

Performance

3 of 100

 
Weak
 
Strong
Insignificant

Odds Of Distress

Less than 9

 
High
 
Low
Low
Microsectors Gold is trading at 43.38 as of the 28th of November 2024; that is 0.63% increase since the beginning of the trading day. The etf's open price was 43.11. Microsectors Gold 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 Microsectors Gold 3x are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of December 2022 and ending today, the 28th of November 2024. Click here to learn more.
The investment seeks daily investment results, before fees and expenses, of 200 percent of the daily performance of the Solactive Global Silver Miners Index. Direxion Daily is traded on Archipelago Exchange in USA. More on Microsectors Gold 3x

Moving together with Microsectors Etf

  0.93AGQ ProShares Ultra SilverPairCorr
  0.99UGL ProShares Ultra GoldPairCorr
  0.99DGP DB Gold DoublePairCorr
  0.75GDXU MicroSectors Gold MinersPairCorr

Moving against Microsectors Etf

  0.7USLVF VelocityShares 3x LongPairCorr
  0.55UGLDF VelocityShares 3x LongPairCorr
  0.35UGAZF VelocityShares 3x LongPairCorr
  0.32WTIU UBS ETRACSPairCorr
  0.32BND Vanguard Total BondPairCorr

Microsectors Etf Highlights

Thematic Ideas
(View all Themes)
Business ConcentrationGold ETFs, Precious Metals ETFs, Trading--Leveraged Commodities, Direxion (View all Sectors)
IssuerBank of Montreal
Inception Date2023-02-22
BenchmarkSPDR Gold Shares ETF
Entity TypeExchange-Traded Note
Asset Under Management21.54 Million
Asset TypeCommodities
CategoryPrecious Metals
FocusGold
Market ConcentrationBlended Development
RegionGlobal
AdvisorBank of Montreal
ExchangeNYSE Arca, Inc.
Market MakerIMC
Total Expense0.95
Management Fee0.95
200 Day M A37.9751
Country NameUSA
50 Day M A46.368
CodeSHNY
Updated At27th of November 2024
Returns Y T D54.86
NameMicrosectors Gold 3x Leverage ETN
Currency NameUS Dollar
Currency CodeUSD
Open FigiBBG01F782PM8
TypeETF
1y Volatility30.26
Microsectors Gold 3x [SHNY] is traded in USA and was established 2016-09-08. The fund is listed under Trading--Leveraged Commodities category and is part of Direxion family. The entity is thematically classified as Gold ETFs. Microsectors Gold at this time have 3.08 M in assets. , while the total return for the last year was 64.9%.
Check Microsectors Gold Probability Of Bankruptcy

Top Microsectors Gold 3x Etf Constituents

SILGlobal X SilverEtfEquity Precious Metals
More Details

Microsectors Gold 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 Microsectors Gold. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.

Microsectors Gold Against Markets

When determining whether Microsectors Gold offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Microsectors Gold'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 Microsectors Gold 3x Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Microsectors Gold 3x Etf:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Microsectors Gold 3x. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
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The market value of Microsectors Gold is measured differently than its book value, which is the value of Microsectors that is recorded on the company's balance sheet. Investors also form their own opinion of Microsectors Gold's value that differs from its market value or its book value, called intrinsic value, which is Microsectors Gold'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 Microsectors Gold's market value can be influenced by many factors that don't directly affect Microsectors Gold'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 Microsectors Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Microsectors Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Microsectors Gold'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.