Etracs 2xmonthly Pay Etf Market Value
| SMHB Etf | USD 5.64 0.04 0.71% |
| Symbol | ETRACS |
The market value of ETRACS 2xMonthly Pay is measured differently than its book value, which is the value of ETRACS that is recorded on the company's balance sheet. Investors also form their own opinion of ETRACS 2xMonthly's value that differs from its market value or its book value, called intrinsic value, which is ETRACS 2xMonthly'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 ETRACS 2xMonthly's market value can be influenced by many factors that don't directly affect ETRACS 2xMonthly'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 ETRACS 2xMonthly's value and its price as these two are different measures arrived at by different means. Investors typically determine if ETRACS 2xMonthly is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETRACS 2xMonthly'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.
ETRACS 2xMonthly 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to ETRACS 2xMonthly's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of ETRACS 2xMonthly.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in ETRACS 2xMonthly on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding ETRACS 2xMonthly Pay or generate 0.0% return on investment in ETRACS 2xMonthly over 720 days. ETRACS 2xMonthly is related to or competes with ProShares Ultra, Direxion Daily, Direxion Daily, Direxion Daily, MicroSectors FANG, and ProShares Ultra. The index is designed to measure the performance of 100 relatively small capitalization, dividend yielding index constit... More
ETRACS 2xMonthly Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure ETRACS 2xMonthly's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess ETRACS 2xMonthly Pay upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.81 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 11.98 | |||
| Value At Risk | (2.69) | |||
| Potential Upside | 3.66 |
ETRACS 2xMonthly Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ETRACS 2xMonthly's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ETRACS 2xMonthly's standard deviation. In reality, there are many statistical measures that can use ETRACS 2xMonthly historical prices to predict the future ETRACS 2xMonthly's volatility.| Risk Adjusted Performance | 0.0174 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0176 |
ETRACS 2xMonthly Pay Backtested Returns
ETRACS 2xMonthly Pay secures Sharpe Ratio (or Efficiency) of -0.0659, which denotes the etf had a -0.0659% return per unit of volatility over the last 3 months. ETRACS 2xMonthly Pay exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ETRACS 2xMonthly's Market Risk Adjusted Performance of 0.0276, downside deviation of 1.81, and Mean Deviation of 1.47 to check the risk estimate we provide. The etf shows a Beta (market volatility) of 1.16, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ETRACS 2xMonthly will likely underperform.
Auto-correlation | 0.09 |
Virtually no predictability
ETRACS 2xMonthly Pay has virtually no predictability. Overlapping area represents the amount of predictability between ETRACS 2xMonthly time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ETRACS 2xMonthly Pay price movement. The serial correlation of 0.09 indicates that less than 9.0% of current ETRACS 2xMonthly price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
ETRACS 2xMonthly Pay lagged returns against current returns
Autocorrelation, which is ETRACS 2xMonthly etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting ETRACS 2xMonthly's etf expected returns. We can calculate the autocorrelation of ETRACS 2xMonthly returns to help us make a trade decision. For example, suppose you find that ETRACS 2xMonthly has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
ETRACS 2xMonthly regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If ETRACS 2xMonthly etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ETRACS 2xMonthly etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ETRACS 2xMonthly etf over time.
Current vs Lagged Prices |
| Timeline |
ETRACS 2xMonthly Lagged Returns
When evaluating ETRACS 2xMonthly's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ETRACS 2xMonthly etf have on its future price. ETRACS 2xMonthly autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, ETRACS 2xMonthly autocorrelation shows the relationship between ETRACS 2xMonthly etf current value and its past values and can show if there is a momentum factor associated with investing in ETRACS 2xMonthly Pay.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether ETRACS 2xMonthly Pay offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ETRACS 2xMonthly'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 Etracs 2xmonthly Pay Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Etracs 2xmonthly Pay Etf:Check out ETRACS 2xMonthly Correlation, ETRACS 2xMonthly Volatility and ETRACS 2xMonthly Alpha and Beta module to complement your research on ETRACS 2xMonthly. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
ETRACS 2xMonthly technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.