Short Interest in Roundhill Daily 2X Long Magnificent Seven ETF Expands By 2,633.3
| MAGX Etf | 41.56 0.56 1.37% |
Slightly above 55% of Roundhill Daily's investors are presently thinking to get in. The current sentiment regarding investing in Roundhill Daily 2X etf implies that some traders are interested. Roundhill Daily's investing sentiment can be driven by a variety of factors including economic data, Roundhill Daily's earnings reports, geopolitical events, and overall market trends.
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Roundhill Daily 2X Long Magnificent Seven ETF was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 32,800 shares, a growth of 2,633.3 percent from the September 15th total of 1,200 shares. Based on an average daily
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Roundhill Daily Fundamental Analysis
We analyze Roundhill Daily's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Roundhill Daily using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Roundhill Daily based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
Roundhill Daily is currently under evaluation in probability of bankruptcy as compared to similar ETFs. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
Roundhill Daily 2X Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Roundhill Daily etf to make a market-neutral strategy. Peer analysis of Roundhill Daily could also be used in its relative valuation, which is a method of valuing Roundhill Daily by comparing valuation metrics with similar companies.
Peers
Roundhill Daily Related Equities
| PP | Tidal ETF | 2.37 | ||||
| METV | Roundhill Ball | 1.45 | ||||
| DMAT | Global X | 0.44 | ||||
| MJ | Amplify ETF | 0.39 | ||||
| MCSE | Martin Currie | 0.37 | ||||
| GK | AdvisorShares Gerber | 0.22 | ||||
| DIVB | IShares Dividend | 0.45 | ||||
| MDCP | VictoryShares THB | 0.58 |
Check out Roundhill Daily Hype Analysis, Roundhill Daily Correlation and Roundhill Daily Performance. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
The market value of Roundhill Daily 2X is measured differently than its book value, which is the value of Roundhill that is recorded on the company's balance sheet. Investors also form their own opinion of Roundhill Daily's value that differs from its market value or its book value, called intrinsic value, which is Roundhill Daily'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 Roundhill Daily's market value can be influenced by many factors that don't directly affect Roundhill Daily'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 Roundhill Daily's value and its price as these two are different measures arrived at by different means. Investors typically determine if Roundhill Daily is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Roundhill Daily'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.