ETRACS 2xMonthly Financials
| PFFL Etf | USD 10.06 0.09 0.90% |
Net Expense Ratio 0.0085 | 3 y Sharp Ratio (0.34) |
ETRACS |
The data published in ETRACS 2xMonthly's official financial statements typically reflect ETRACS 2xMonthly's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving ETRACS 2xMonthly's quantitative information. For example, before you start analyzing numbers published by ETRACS accountants, it's essential to understand ETRACS 2xMonthly's liquidity, profitability, and earnings quality within the context of the UBS space in which it operates.
ETRACS 2xMonthly Etf Summary
ETRACS 2xMonthly competes with ProShares VIX, and IPath Series. The index is designed to track the price movements of an equally weighted portfolio of two exchange-traded funds that hold preferred securities of various issuers. Etracs 2X is traded on NYSEARCA Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US90274E1745 |
| CUSIP | 90274E174 |
| Region | North America |
| Investment Issuer | UBS |
| Etf Family | UBS |
| Fund Category | Strategy |
| Portfolio Concentration | Preferred Stock |
| Benchmark | Dow Jones Industrial |
| Phone | 656 495 8000 |
| Currency | USD - US Dollar |
ETRACS 2xMonthly Key Financial Ratios
ETRACS Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining ETRACS 2xMonthly's current stock value. Our valuation model uses many indicators to compare ETRACS 2xMonthly value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across ETRACS 2xMonthly competition to find correlations between indicators driving ETRACS 2xMonthly's intrinsic value. More Info.ETRACS 2xMonthly Pay is rated number one ETF in beta as compared to similar ETFs. It also is rated number one ETF in one year return as compared to similar ETFs reporting about 0.49 of One Year Return per Beta. The ratio of Beta to One Year Return for ETRACS 2xMonthly Pay is roughly 2.05 . Comparative valuation analysis is a catch-all technique that is used if you cannot value ETRACS 2xMonthly by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.ETRACS 2xMonthly Pay Systematic Risk
ETRACS 2xMonthly's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. ETRACS 2xMonthly volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on ETRACS 2xMonthly Pay correlated with the market. If Beta is less than 0 ETRACS 2xMonthly generally moves in the opposite direction as compared to the market. If ETRACS 2xMonthly Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one ETRACS 2xMonthly Pay is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of ETRACS 2xMonthly is generally in the same direction as the market. If Beta > 1 ETRACS 2xMonthly moves generally in the same direction as, but more than the movement of the benchmark.
ETRACS 2xMonthly Thematic Clasifications
ETRACS 2xMonthly Pay is part of several thematic ideas from Strategy ETFs to Preferred Stock ETFs. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasETRACS 2xMonthly November 25, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of ETRACS 2xMonthly help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of ETRACS 2xMonthly Pay. We use our internally-developed statistical techniques to arrive at the intrinsic value of ETRACS 2xMonthly Pay based on widely used predictive technical indicators. In general, we focus on analyzing ETRACS Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build ETRACS 2xMonthly's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.48 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 6.87 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 1.64 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ETRACS 2xMonthly Pay. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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.