Microsectors Travel 3x Etf Performance
| FLYU Etf | USD 65.13 0.58 0.90% |
The etf secures a Beta (Market Risk) of 3.49, which conveys 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, MicroSectors Travel will likely underperform.
Risk-Adjusted Performance
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Strong
Compared to the overall equity markets, risk-adjusted returns on investments in MicroSectors Travel 3X are ranked lower than 25 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively unsteady basic indicators, MicroSectors Travel unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Best Leveraged or Inverse ETFs Midway in Q4 - Zacks Investment Research | 11/18/2024 |
MicroSectors |
MicroSectors Travel Relative Risk vs. Return Landscape
If you would invest 3,327 in MicroSectors Travel 3X on September 12, 2024 and sell it today you would earn a total of 3,186 from holding MicroSectors Travel 3X or generate 95.76% return on investment over 90 days. MicroSectors Travel 3X is currently generating 1.1283% in daily expected returns and assumes 3.4225% risk (volatility on return distribution) over the 90 days horizon. In different words, 30% of etfs are less volatile than MicroSectors, and 78% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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MicroSectors Travel Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for MicroSectors Travel's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as MicroSectors Travel 3X, and traders can use it to determine the average amount a MicroSectors Travel's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.3297
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Estimated Market Risk
| 3.42 actual daily | 30 70% of assets are more volatile |
Expected Return
| 1.13 actual daily | 22 78% of assets have higher returns |
Risk-Adjusted Return
| 0.33 actual daily | 25 75% of assets perform better |
Based on monthly moving average MicroSectors Travel is performing at about 25% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of MicroSectors Travel by adding it to a well-diversified portfolio.
About MicroSectors Travel Performance
Assessing MicroSectors Travel's fundamental ratios provides investors with valuable insights into MicroSectors Travel's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the MicroSectors Travel is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
MicroSectors Travel is entity of United States. It is traded as Etf on NYSE ARCA exchange.| MicroSectors Travel appears to be risky and price may revert if volatility continues | |
| Latest headline from news.google.com: Best Leveraged or Inverse ETFs Midway in Q4 - Zacks Investment Research |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in MicroSectors Travel 3X. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
The market value of MicroSectors Travel is measured differently than its book value, which is the value of MicroSectors that is recorded on the company's balance sheet. Investors also form their own opinion of MicroSectors Travel's value that differs from its market value or its book value, called intrinsic value, which is MicroSectors Travel'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 MicroSectors Travel's market value can be influenced by many factors that don't directly affect MicroSectors Travel'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 MicroSectors Travel's value and its price as these two are different measures arrived at by different means. Investors typically determine if MicroSectors Travel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MicroSectors Travel'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.