AXS 2X Financials
| TARK Etf | USD 45.24 42.28 48.31% |
Net Expense Ratio 0.0115 |
AXS |
The data published in AXS 2X's official financial statements typically reflect AXS 2X's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving AXS 2X's quantitative information. For example, before you start analyzing numbers published by AXS accountants, it's essential to understand AXS 2X's liquidity, profitability, and earnings quality within the context of the AXS space in which it operates.
AXS 2X Etf Summary
AXS 2X competes with Tuttle Capital, Direxion Shares, AXS TSLA, 2x Long, and Direxion Daily. The fund will enter into one or more swap agreements with major global financial institutions for a specified period ranging from a day to more than one year whereby the fund and the global financial institution will agree to exchange the return earned or realized on the ARK Innovation ETF. Axs 2X is traded on NASDAQ Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NASDAQ Exchange |
| ISIN | US46144X8838 |
| CUSIP | 46144X487 46144X883 |
| Region | Global |
| Investment Issuer | AXS Investments |
| Etf Family | AXS |
| Fund Category | Strategy |
| Portfolio Concentration | Theme |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
AXS Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining AXS 2X's current stock value. Our valuation model uses many indicators to compare AXS 2X value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across AXS 2X competition to find correlations between indicators driving AXS 2X's intrinsic value. More Info.AXS 2X Innovation is rated second largest ETF in one year return as compared to similar ETFs. It is rated third largest ETF in net asset as compared to similar ETFs making up about 1,841,353 of Net Asset per One Year Return. Comparative valuation analysis is a catch-all technique that is used if you cannot value AXS 2X by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.AXS 2X Innovation Systematic Risk
AXS 2X's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. AXS 2X volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on AXS 2X Innovation correlated with the market. If Beta is less than 0 AXS 2X generally moves in the opposite direction as compared to the market. If AXS 2X Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one AXS 2X Innovation is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of AXS 2X is generally in the same direction as the market. If Beta > 1 AXS 2X moves generally in the same direction as, but more than the movement of the benchmark.
AXS 2X Thematic Clasifications
AXS 2X Innovation is part of several thematic ideas from Strategy ETFs to Theme ETFs. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasAXS 2X November 28, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of AXS 2X help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of AXS 2X Innovation. We use our internally-developed statistical techniques to arrive at the intrinsic value of AXS 2X Innovation based on widely used predictive technical indicators. In general, we focus on analyzing AXS Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build AXS 2X's daily price indicators and compare them against related drivers.
| Downside Deviation | 4.19 | |||
| Information Ratio | 0.1139 | |||
| Maximum Drawdown | 22.83 | |||
| Value At Risk | (6.96) | |||
| Potential Upside | 6.35 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in AXS 2X Innovation. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
The market value of AXS 2X Innovation is measured differently than its book value, which is the value of AXS that is recorded on the company's balance sheet. Investors also form their own opinion of AXS 2X's value that differs from its market value or its book value, called intrinsic value, which is AXS 2X'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 AXS 2X's market value can be influenced by many factors that don't directly affect AXS 2X'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 AXS 2X's value and its price as these two are different measures arrived at by different means. Investors typically determine if AXS 2X is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AXS 2X'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.