Etracs 2x Leveraged Etf Profile
| MTUL Etf | USD 31.53 0.19 0.61% |
Performance9 of 100
| Odds Of DistressLess than 9
|
ETRACS 2x is selling for 31.53 as of the 24th of November 2024. This is a 0.61% increase since the beginning of the trading day. The etf's lowest day price was 31.53. ETRACS 2x has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for ETRACS 2x Leveraged are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of December 2022 and ending today, the 24th of November 2024. Click here to learn more.
Etracs 2X is traded on NYSEARCA Exchange in the United States. More on ETRACS 2x Leveraged
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ETRACS Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Broad Equity ETFs, Strategy ETFs, Trading--Leveraged Equity, UBS (View all Sectors) |
| Issuer | UBS |
| Inception Date | 2021-02-05 |
| Benchmark | MSCI USA Momentum GR USD |
| Entity Type | Exchange-Traded Note |
| Asset Under Management | 9.38 Million |
| Asset Type | Equity |
| Category | Broad Equity |
| Focus | Strategy |
| Market Concentration | Developed Markets |
| Region | North America |
| Advisor | UBS AG |
| Exchange | NYSE Arca, Inc. |
| Market Maker | IMC |
| Total Expense | 0.95 |
| Management Fee | 0.95 |
| Country Name | USA |
| Returns Y T D | 67.34 |
| Name | ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN |
| Currency Code | USD |
| Open Figi | BBG00Z5LFXY4 |
| In Threey Volatility | 37.82 |
| 1y Volatility | 30.02 |
| 200 Day M A | 26.7748 |
| 50 Day M A | 29.7793 |
| Code | MTUL |
| Updated At | 23rd of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.06 |
| Type | ETF |
ETRACS 2x Leveraged [MTUL] is traded in USA and was established 2021-02-04. The fund is listed under Trading--Leveraged Equity category and is part of UBS family. The entity is thematically classified as Broad Equity ETFs. ETRACS 2x Leveraged now have 27.2 M in assets. , while the total return for the last 3 years was 2.4%.
Check ETRACS 2x Probability Of Bankruptcy
ETRACS 2x Leveraged 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 ETRACS 2x. 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 | 0.0968 | |||
| Jensen Alpha | 0.0268 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0493 |
ETRACS 2x Against Markets
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The market value of ETRACS 2x Leveraged 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 2x's value that differs from its market value or its book value, called intrinsic value, which is ETRACS 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 ETRACS 2x's market value can be influenced by many factors that don't directly affect ETRACS 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 ETRACS 2x's value and its price as these two are different measures arrived at by different means. Investors typically determine if ETRACS 2x is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETRACS 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.