ETRACS 2xMonthly is trading at 5.94 as of the 25th of November 2024, a 3.66% increase since the beginning of the trading day. The etf's open price was 5.73. ETRACS 2xMonthly has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat weak performance during the last 90 days. Equity ratings for ETRACS 2xMonthly Pay are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of October 2024 and ending today, the 25th of November 2024. Click here to learn more.
The index is designed to measure the performance of 100 relatively small capitalization, dividend yielding index constituent securities selected from a universe of qualifying U.S. listed equity securities. Etracs 2X is traded on NYSEARCA Exchange in the United States. More on ETRACS 2xMonthly Pay
ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN
Currency Code
USD
Open Figi
BBG00MJ41563
In Threey Volatility
57.48
1y Volatility
44.25
200 Day M A
6.0277
50 Day M A
6.0096
Code
SMHB
Updated At
24th of November 2024
Currency Name
US Dollar
In Threey Sharp Ratio
0.07
Type
ETF
ETRACS 2xMonthly Pay [SMHB] is traded in USA and was established 2018-11-08. The fund is listed under Trading--Leveraged Equity category and is part of UBS family. The entity is thematically classified as Small Cap ETFs. ETRACS 2xMonthly Pay at this time have 44.87 M in assets. , while the total return for the last 3 years was -7.0%.
Check ETRACS 2xMonthly Probability Of Bankruptcy
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 2xMonthly. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
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:
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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.