2x Long Vix Etf Price on October 5, 2023
| UVIX Etf | USD 3.18 0.12 3.92% |
If you're considering investing in UVIX Etf, it is important to understand the factors that can impact its price. As of today, the current price of 2x Long stands at 3.18, as last reported on the 11th of December 2024, with the highest price reaching 3.21 and the lowest price hitting 3.09 during the day. 2x Long VIX retains Efficiency (Sharpe Ratio) of -0.0569, which signifies that the etf had a -0.0569% return per unit of price deviation over the last 3 months. 2x Long exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 2x Long's Variance of 44.15, market risk adjusted performance of 0.1103, and Information Ratio of (0.11) to double-check the risk estimate we provide.
UVIX Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
UVIX |
Sharpe Ratio = -0.0569
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| Negative Returns | UVIX |
Estimated Market Risk
| 6.71 actual daily | 59 59% of assets are less volatile |
Expected Return
| -0.38 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average 2x Long is not performing at its full potential. However, 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 2x Long by adding 2x Long to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
2x Long Valuation on October 5, 2023
It is possible to determine the worth of 2x Long on a given historical date. On October 5, 2023 UVIX was worth 37.7 at the beginning of the trading date compared to the closed value of 36.7. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of 2x Long etf. Still, in general, we apply an absolute valuation method to find 2x Long'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 2x Long where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against 2x Long's related companies.
| Open | High | Low | Close | Volume | |
| 40.60 | 41.50 | 37.30 | 37.60 | 2,326,922 | |
10/05/2023 | 37.70 | 40.90 | 36.50 | 36.70 | 1,917,222 |
| 38.90 | 40.60 | 34.00 | 35.40 | 2,959,769 |
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2x Long Trading Date Momentum on October 5, 2023
| On October 06 2023 2x Long VIX was traded for 35.40 at the closing time. The top price for the day was 40.60 and the lowest listed price was 34.00 . The trading volume for the day was 3 M. The trading history from October 6, 2023 was a factor to the next trading day price decrease. The trading price change against the next closing price was 3.54% . The daily price change against the current closing price is 0.41% . |
2x Long VIX Fundamentals Correlations and Trends
By evaluating 2x Long'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 2x Long's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. UVIX financial account trend analysis is a perfect complement when working with valuation or volatility modules.About 2x Long Etf history
2x Long 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 UVIX is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in 2x Long VIX 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 2x Long stock prices may prove useful in developing a viable investing in 2x Long
2x Long Etf Technical Analysis
2x Long 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
2x Long Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
2x Long VIX cannot be verified against its exchange. Please verify the symbol is currently traded on BATS 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.
2x Long December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how 2x Long etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 2x Long shares will generate the highest return on investment. By undertsting and applying 2x Long etf market strength indicators, traders can identify 2x Long VIX entry and exit signals to maximize returns
2x Long Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for 2x Long's price direction in advance. Along with the technical and fundamental analysis of UVIX Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of UVIX 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 | (0.05) | |||
| Jensen Alpha | 0.0823 | |||
| Total Risk Alpha | (1.64) | |||
| Treynor Ratio | 0.1003 |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in 2x Long VIX. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
The market value of 2x Long VIX is measured differently than its book value, which is the value of UVIX that is recorded on the company's balance sheet. Investors also form their own opinion of 2x Long's value that differs from its market value or its book value, called intrinsic value, which is 2x Long'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 2x Long's market value can be influenced by many factors that don't directly affect 2x Long'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 2x Long's value and its price as these two are different measures arrived at by different means. Investors typically determine if 2x Long is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 2x Long'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.