Etracs 2x Leveraged Etf Price on November 18, 2024
| MTUL Etf | USD 31.57 0.33 1.03% |
If you're considering investing in ETRACS Etf, it is important to understand the factors that can impact its price. As of today, the current price of ETRACS 2x stands at 31.57, as last reported on the 28th of November, with the highest price reaching 31.80 and the lowest price hitting 31.57 during the day. 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-nine 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, downside deviation of 1.81, and Market Risk Adjusted Performance of 0.1926 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
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | MTUL | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
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.
ETRACS 2x Valuation on November 18, 2024
It is possible to determine the worth of ETRACS 2x on a given historical date. On November 18, 2024 ETRACS was worth 30.29 at the beginning of the trading date compared to the closed value of 30.29. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ETRACS 2x etf. Still, in general, we apply an absolute valuation method to find ETRACS 2x's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of ETRACS 2x where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ETRACS 2x's related companies.
| Open | High | Low | Close | Volume | |
| 30.15 | 30.15 | 30.15 | 30.15 | 100.00 | |
11/18/2024 | 30.29 | 30.29 | 30.29 | 30.29 | 22.00 |
| 30.73 | 30.73 | 30.73 | 30.73 | 1.00 |
| Backtest ETRACS 2x | | | ETRACS 2x History | | | ETRACS 2x Valuation | Previous | Next |
ETRACS 2x Trading Date Momentum on November 18, 2024
| On November 19 2024 ETRACS 2x Leveraged was traded for 30.73 at the closing time. The top price for the day was 30.73 and the lowest listed price was 30.73 . There was no trading activity during the period 1.0. Lack of trading volume on November 19, 2024 was a factor to the next trading day price upswing. The trading delta at closing time against the next closing price was 1.45% . The overall trading delta against the current closing price is 4.99% . |
ETRACS 2x Leveraged Fundamentals Correlations and Trends
By evaluating ETRACS 2x's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among ETRACS 2x's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. ETRACS financial account trend analysis is a perfect complement when working with valuation or volatility modules.About ETRACS 2x Etf history
ETRACS 2x investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for ETRACS is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ETRACS 2x Leveraged will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing ETRACS 2x stock prices may prove useful in developing a viable investing in ETRACS 2x
ETRACS 2x Etf Technical Analysis
ETRACS 2x technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
ETRACS 2x Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
ETRACS 2x Leveraged cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
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 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Correlation Analysis 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 employment. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
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.