Axs 2x Innovation Etf Net Asset
| TARK Etf | USD 90.22 2.55 2.91% |
AXS 2X Innovation fundamentals help investors to digest information that contributes to AXS 2X's financial success or failures. It also enables traders to predict the movement of AXS Etf. The fundamental analysis module provides a way to measure AXS 2X's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to AXS 2X etf.
AXS |
AXS 2X Innovation ETF Net Asset Analysis
AXS 2X's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current AXS 2X Net Asset | 48.98 M |
Most of AXS 2X's fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, AXS 2X Innovation is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
| Competition |
Based on the recorded statements, AXS 2X Innovation has a Net Asset of 48.98 M. This is much higher than that of the AXS family and significantly higher than that of the Trading--Leveraged Equity category. The net asset for all United States etfs is notably lower than that of the firm.
AXS Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses AXS 2X's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of AXS 2X could also be used in its relative valuation, which is a method of valuing AXS 2X by comparing valuation metrics of similar companies.AXS 2X is currently under evaluation in net asset as compared to similar ETFs.
AXS Fundamentals
| Total Asset | 48.98 M | |||
| One Year Return | 30.30 % | |||
| Net Asset | 48.98 M |
About AXS 2X Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze AXS 2X Innovation's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of AXS 2X using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of AXS 2X Innovation based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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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.