Etracs 2x Leveraged Etf Profile
| USML Etf | USD 42.75 0.55 1.30% |
Performance7 of 100
| Odds Of DistressLess than 9
|
ETRACS 2x is selling for 42.75 as of the 24th of November 2024. This is a 1.30% increase since the beginning of the trading day. The etf's lowest day price was 42.75. 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 25th of October 2024 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
Moving together with ETRACS Etf
ETRACS Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Volatility ETFs, Trading--Leveraged Equity, UBS (View all Sectors) |
| Issuer | UBS |
| Inception Date | 2021-02-05 |
| Benchmark | MSCI USA Minimum Volatility GR USD |
| Entity Type | Exchange-Traded Note |
| Asset Under Management | 12.62 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Volatility |
| 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 | 36.04 |
| Name | ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN |
| Currency Code | USD |
| Open Figi | BBG00Z5LFBF3 |
| In Threey Volatility | 27.06 |
| 1y Volatility | 18.02 |
| 200 Day M A | 36.7044 |
| 50 Day M A | 41.0913 |
| Code | USML |
| Updated At | 23rd of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.21 |
| Type | ETF |
ETRACS 2x Leveraged [USML] 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 Strategy ETFs. ETRACS 2x Leveraged at this time have 36.02 M in net assets. , while the total return for the last 3 years was 8.2%.
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 | 0.0882 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.01) |
ETRACS 2x Against Markets
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ETRACS 2x Leveraged. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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.