Etracs 2x Leveraged Etf Three Year Return
| USML Etf | USD 43.43 0.39 0.91% |
ETRACS 2x Leveraged fundamentals help investors to digest information that contributes to ETRACS 2x's financial success or failures. It also enables traders to predict the movement of ETRACS Etf. The fundamental analysis module provides a way to measure ETRACS 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 ETRACS 2x etf.
ETRACS |
ETRACS 2x Leveraged ETF Three Year Return Analysis
ETRACS 2x's Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
More About Three Year Return | All Equity Analysis
Three Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current ETRACS 2x Three Year Return | 8.80 % |
Most of ETRACS 2x's fundamental indicators, such as Three Year Return, 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, ETRACS 2x Leveraged is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
| Competition |
Based on the latest financial disclosure, ETRACS 2x Leveraged has a Three Year Return of 8.8%. This is much higher than that of the UBS family and significantly higher than that of the Trading--Leveraged Equity category. The three year return for all United States etfs is 172.45% lower than that of the firm.
ETRACS Three Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ETRACS 2x's direct or indirect competition against its Three Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of ETRACS 2x could also be used in its relative valuation, which is a method of valuing ETRACS 2x by comparing valuation metrics of similar companies.ETRACS 2x is currently under evaluation in three year return as compared to similar ETFs.
ETRACS Fundamentals
| Beta | 1.43 | |||
| Total Asset | 36.02 M | |||
| One Year Return | 43.70 % | |||
| Three Year Return | 8.80 % | |||
| Net Asset | 36.02 M |
About ETRACS 2x Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ETRACS 2x Leveraged's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ETRACS 2x using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ETRACS 2x Leveraged 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 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.