ETRACS Monthly Financial Statements From 2010 to 2024
| HDLB Etf | USD 15.66 0.19 1.23% |
Check ETRACS Monthly financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ETRACS Monthly's main balance sheet or income statement drivers, such as , as well as many indicators such as . ETRACS financial statements analysis is a perfect complement when working with ETRACS Monthly Valuation or Volatility modules.
ETRACS |
ETRACS Monthly Pay ETF Beta Analysis
ETRACS Monthly's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current ETRACS Monthly Beta | 1.59 |
Most of ETRACS Monthly's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ETRACS Monthly Pay is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, ETRACS Monthly Pay has a Beta of 1.59. This is much higher than that of the UBS AG family and significantly higher than that of the Trading--Leveraged Equity category. The beta for all United States etfs is notably lower than that of the firm.
About ETRACS Monthly Financial Statements
ETRACS Monthly stakeholders use historical fundamental indicators, such as ETRACS Monthly's revenue or net income, to determine how well the company is positioned to perform in the future. Although ETRACS Monthly investors may analyze each financial statement separately, they are all interrelated. For example, changes in ETRACS Monthly's assets and liabilities are reflected in the revenues and expenses on ETRACS Monthly's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in ETRACS Monthly Pay. Please read more on our technical analysis and fundamental analysis pages.
The index is designed to measure the performance of 40 dividend yielding, relatively lower volatility Index Constituent Securities from the universe of the largest 1,000 U.S. listed stocks by market capitalization, as described herein. Etracs 2X is traded on NYSEARCA Exchange in the United States.
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 Monthly Pay is a strong investment it is important to analyze ETRACS Monthly's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ETRACS Monthly's future performance. For an informed investment choice regarding ETRACS Etf, refer to the following important reports:Check out the analysis of ETRACS Monthly Correlation against competitors. 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 Monthly 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 Monthly's value that differs from its market value or its book value, called intrinsic value, which is ETRACS Monthly'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 Monthly's market value can be influenced by many factors that don't directly affect ETRACS Monthly'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 Monthly's value and its price as these two are different measures arrived at by different means. Investors typically determine if ETRACS Monthly is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETRACS Monthly'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.