Axs 2x Innovation Etf Performance
| TARK Etf | USD 90.22 2.55 2.91% |
The etf shows a Beta (market volatility) of 4.13, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, AXS 2X will likely underperform.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in AXS 2X Innovation are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. Despite quite unsteady basic indicators, AXS 2X disclosed solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Investment Analysis - Stock Traders Daily | 11/15/2024 |
AXS |
AXS 2X Relative Risk vs. Return Landscape
If you would invest 5,738 in AXS 2X Innovation on August 28, 2024 and sell it today you would earn a total of 3,284 from holding AXS 2X Innovation or generate 57.23% return on investment over 90 days. AXS 2X Innovation is currently generating 0.8067% in daily expected returns and assumes 4.4803% risk (volatility on return distribution) over the 90 days horizon. In different words, 39% of etfs are less volatile than AXS, and 84% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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AXS 2X Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for AXS 2X's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as AXS 2X Innovation, and traders can use it to determine the average amount a AXS 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 = 0.1801
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Estimated Market Risk
| 4.48 actual daily | 39 61% of assets are more volatile |
Expected Return
| 0.81 actual daily | 16 84% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average AXS 2X is performing at about 14% 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 AXS 2X by adding it to a well-diversified portfolio.
AXS 2X Fundamentals Growth
AXS Etf prices reflect investors' perceptions of the future prospects and financial health of AXS 2X, and AXS 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 AXS Etf performance.
| Total Asset | 48.98 M | |||
About AXS 2X Performance
By examining AXS 2X's fundamental ratios, stakeholders can obtain critical insights into AXS 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 AXS 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 fund will enter into one or more swap agreements with major global financial institutions for a specified period ranging from a day to more than one year whereby the fund and the global financial institution will agree to exchange the return earned or realized on the ARK Innovation ETF. Axs 2X is traded on NASDAQ Exchange in the United States.| AXS 2X Innovation appears to be risky and price may revert if volatility continues | |
| Latest headline from news.google.com: Investment Analysis - Stock Traders Daily | |
| The fund maintains all of the assets in different exotic instruments |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in AXS 2X Innovation. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
The market value of AXS 2X Innovation is measured differently than its book value, which is the value of AXS that is recorded on the company's balance sheet. Investors also form their own opinion of AXS 2X's value that differs from its market value or its book value, called intrinsic value, which is AXS 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 AXS 2X's market value can be influenced by many factors that don't directly affect AXS 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 AXS 2X's value and its price as these two are different measures arrived at by different means. Investors typically determine if AXS 2X is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AXS 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.