Etracs 2x Leveraged Etf Price on February 26, 2024
If you're considering investing in ETRACS Etf, it is important to understand the factors that can impact its price. ETRACS 2x appears to be very steady, given 3 months investment horizon. ETRACS 2x Leveraged secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the etf had a 0.17% return per unit of volatility over the last 3 months. We have found twenty-one technical indicators for ETRACS 2x Leveraged, which you can use to evaluate the volatility of the entity. Please utilize ETRACS 2x's Mean Deviation of 1.29, market risk adjusted performance of 0.1926, and Downside Deviation of 1.81 to check if our risk estimates are consistent with your expectations.
ETRACS Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
ETRACS |
Sharpe Ratio = 0.1736
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Estimated Market Risk
| 1.8 actual daily | 16 84% of assets are more volatile |
Expected Return
| 0.31 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average ETRACS 2x is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ETRACS 2x by adding it to a well-diversified portfolio.
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.
Price Boundaries
ETRACS 2x Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
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ETRACS 2x November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how ETRACS 2x etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ETRACS 2x shares will generate the highest return on investment. By undertsting and applying ETRACS 2x etf market strength indicators, traders can identify ETRACS 2x Leveraged entry and exit signals to maximize returns
ETRACS 2x Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ETRACS 2x's price direction in advance. Along with the technical and fundamental analysis of ETRACS Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of ETRACS to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1387 | |||
| Jensen Alpha | 0.1115 | |||
| Total Risk Alpha | 0.0314 | |||
| Sortino Ratio | 0.1038 | |||
| Treynor Ratio | 0.1826 |
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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.