X Square Series Trust Etf Profile
ZTAX Etf | 26.73 0.36 1.33% |
Performance2 of 100
| Odds Of DistressLess than 9
|
X Square is trading at 26.73 as of the 30th of November 2024; that is 1.33 percent down since the beginning of the trading day. The etf's open price was 27.09. X Square 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 X Square Series Trust 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.
X Square is entity of United States. It is traded as Etf on NYSE ARCA exchange. More on X Square Series Trust
ZTAX Etf Highlights
Thematic Ideas | (View all Themes) |
Business Concentration | Municipals ETFs, Broad Municipals ETFs, Muni National Interm, Metals & Mining, Materials, Materials (View all Sectors) |
Issuer | X-Square Capital |
Inception Date | 2023-05-19 |
Entity Type | Regulated Investment Company |
Asset Under Management | 4.06 Million |
Asset Type | Fixed Income |
Category | Municipals |
Focus | Broad Municipals |
Market Concentration | Developed Markets |
Region | North America |
Administrator | ALPS Fund Services, Inc. |
Advisor | X-Square Capital LLC |
Custodian | State Street Bank And Trust Company |
Distributor | ALPS Distributors, Inc. |
Portfolio Manager | Ignacio Canto, Gabriel Medina |
Transfer Agent | State Street Bank And Trust Company |
Fiscal Year End | 31-Dec |
Exchange | NYSE Arca, Inc. |
Number of Constituents | 13.0 |
Total Expense | 1.1 |
Management Fee | 0.65 |
200 Day M A | 26.6242 |
Country Name | USA |
50 Day M A | 26.6695 |
Code | ZTAX |
Updated At | 30th of November 2024 |
Returns Y T D | 7.9 |
Name | X-Square Series Trust |
Currency Name | US Dollar |
Currency Code | USD |
Open Figi | BBG01GQV0TJ2 |
Type | ETF |
1y Volatility | 6.32 |
X Square Series Trust [ZTAX] is traded in USA and was established null. The fund is listed under Muni National Interm category and is part of Metals & Mining family. The entity is thematically classified as Municipals ETFs. X Square Series at this time have in net assets. with the current yeild of 0.04%, while the total return for the last year was 10.4%.
Check X Square Probability Of Bankruptcy
X Square Series 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 X Square. 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 | 0.0274 | |||
Jensen Alpha | 0.0686 | |||
Total Risk Alpha | (0.19) | |||
Sortino Ratio | (0.07) |
X Square Against Markets
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The market value of X Square Series is measured differently than its book value, which is the value of ZTAX that is recorded on the company's balance sheet. Investors also form their own opinion of X Square's value that differs from its market value or its book value, called intrinsic value, which is X Square'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 X Square's market value can be influenced by many factors that don't directly affect X Square'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 X Square's value and its price as these two are different measures arrived at by different means. Investors typically determine if X Square is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, X Square'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.