Ubs Etracs Etf Profile
| WTID Etf | USD 16.05 0.57 3.43% |
Performance0 of 100
| Odds Of DistressLess than 10
|
UBS ETRACS is trading at 16.05 as of the 30th of November 2024, a 3.43% down since the beginning of the trading day. The etf's lowest day price was 16.05. UBS ETRACS has less than a 10 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for UBS ETRACS are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of June 2024 and ending today, the 30th of November 2024. Click here to learn more.
The investment seeks to provide a three times leveraged inverse exposure to changes in the level of the Bloomberg WTI Crude Oil Subindex ERSM. UBS ETRACS is traded on PCX Exchange in the United States. More on UBS ETRACS
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UBS Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Sector ETFs, Energy ETFs, Trading--Inverse Commodities, UBS Group AG (View all Sectors) |
| Issuer | Bank of Montreal |
| Inception Date | 2023-02-14 |
| Benchmark | Solactive MicroSectors Energy Index |
| Entity Type | Exchange-Traded Note |
| Asset Under Management | 2.61 Million |
| Average Trading Valume | 634.9 |
| Asset Type | Equity |
| Category | Sector |
| Focus | Energy |
| Market Concentration | Developed Markets |
| Region | North America |
| Advisor | Bank of Montreal |
| Exchange | NYSE Arca, Inc. |
| Market Maker | Old Mission |
| Total Expense | 0.95 |
| Management Fee | 0.95 |
| Country Name | USA |
| Returns Y T D | 348.68 |
| Name | UBS ETRACS - ProShares Daily 3x Inverse Crude ETN |
| Currency Code | USD |
| Open Figi | BBG01DZB2L99 |
| In Threey Volatility | 98.71 |
| 1y Volatility | 112 |
| 200 Day M A | 16.7687 |
| 50 Day M A | 17.3746 |
| Code | WTID |
| Updated At | 30th of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.05 |
| Type | ETF |
UBS ETRACS [WTID] is traded in USA and was established 2017-01-04. The fund is listed under Trading--Inverse Commodities category and is part of UBS Group AG family. The entity is thematically classified as Sector ETFs. UBS ETRACS at this time have 7.98 M in net assets. , while the total return for the last 3 years was -25.0%.
Check UBS ETRACS 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 UBS Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding UBS 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 UBS ETRACS 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 UBS ETRACS Etf Constituents
| XOM | Exxon Mobil Corp | Stock | Energy | |
| MPC | Marathon Petroleum Corp | Stock | Energy | |
| VLO | Valero Energy | Stock | Energy | |
| EOG | EOG Resources | Stock | Energy | |
| PSX | Phillips 66 | Stock | Energy | |
| DVN | Devon Energy | Stock | Energy | |
| COP | ConocoPhillips | Stock | Energy | |
| OXY | Occidental Petroleum | Stock | Energy |
UBS ETRACS 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 UBS ETRACS. 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 | 0.0025 | |||
| Jensen Alpha | 0.2174 | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | 0.0191 |
UBS ETRACS Against Markets
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in UBS ETRACS . Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
The market value of UBS ETRACS is measured differently than its book value, which is the value of UBS that is recorded on the company's balance sheet. Investors also form their own opinion of UBS ETRACS's value that differs from its market value or its book value, called intrinsic value, which is UBS ETRACS'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 UBS ETRACS's market value can be influenced by many factors that don't directly affect UBS ETRACS'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 UBS ETRACS's value and its price as these two are different measures arrived at by different means. Investors typically determine if UBS ETRACS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, UBS ETRACS'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.