Etracs 2x Leveraged Etf Performance
| IWFL Etf | USD 46.67 1.06 2.22% |
The etf shows a Beta (market volatility) of 0.66, which means possible diversification benefits within a given portfolio. As returns on the market increase, ETRACS 2x's returns are expected to increase less than the market. However, during the bear market, the loss of holding ETRACS 2x is expected to be smaller as well.
Risk-Adjusted Performance
Weak
Weak | Strong |
Over the last 90 days ETRACS 2x Leveraged has generated negative risk-adjusted returns adding no value to investors with long positions. Despite quite persistent technical and fundamental indicators, ETRACS 2x is not utilizing all of its potentials. The latest stock price mess, may contribute to short-term losses for the institutional investors. ...more
| In Threey Sharp Ratio | 0.51 |
ETRACS |
ETRACS 2x Relative Risk vs. Return Landscape
If you would invest 4,787 in ETRACS 2x Leveraged on November 28, 2024 and sell it today you would lose (120.00) from holding ETRACS 2x Leveraged or give up 2.51% of portfolio value over 90 days. ETRACS 2x Leveraged is currently does not generate positive expected returns and assumes 2.2626% risk (volatility on return distribution) over the 90 days horizon. In different words, 20% of etfs are less volatile than ETRACS, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
ETRACS 2x Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ETRACS 2x's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as ETRACS 2x Leveraged, and traders can use it to determine the average amount a ETRACS 2x's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0082
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | IWFL |
Estimated Market Risk
| 2.26 actual daily | 20 80% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ETRACS 2x 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 ETRACS 2x by adding ETRACS 2x to a well-diversified portfolio.
ETRACS 2x Fundamentals Growth
ETRACS Etf prices reflect investors' perceptions of the future prospects and financial health of ETRACS 2x, and ETRACS 2x fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on ETRACS Etf performance.
| Total Asset | 19.5 M | |||
About ETRACS 2x Performance
By examining ETRACS 2x's fundamental ratios, stakeholders can obtain critical insights into ETRACS 2x's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that ETRACS 2x is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
The investment seeks to provide a 2 times leveraged return linked to the compounded quarterly performance of the Russell 1000 Growth Index. Etracs 2X is traded on NYSEARCA Exchange in the United States.| ETRACS 2x Leveraged generated a negative expected return over the last 90 days | |
| The fund retains all of the assets under management (AUM) in different types of exotic instruments |
Check out Risk vs Return 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 census. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
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.