MicroSectors FANG Innovation -3x Inverse Leveraged ETN Stock Price Down 5 percent Heres What Happened
| FLYU Etf | USD 63.54 1.78 2.73% |
Slightly above 62% of MicroSectors Travel's investor base is looking to short. The current sentiment regarding investing in MicroSectors Travel 3X etf implies that many traders are alarmed. MicroSectors Travel's investing sentiment can be driven by a variety of factors including economic data, MicroSectors Travel's earnings reports, geopolitical events, and overall market trends.
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MicroSectors FANG Innovation -3x Inverse Leveraged ETN shares fell 5 percent on Monday . The stock traded as low as 13.56 and last traded at 13.57. 9,446 shares traded hands during trading, a decline of 91 percent from the average session volume of 103,115 shares. The stock had previously closed at
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MicroSectors Travel Fundamental Analysis
We analyze MicroSectors Travel's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of MicroSectors Travel using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of MicroSectors Travel 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.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
MicroSectors Travel is currently under evaluation in probability of bankruptcy as compared to similar ETFs. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
MicroSectors Travel Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with MicroSectors Travel etf to make a market-neutral strategy. Peer analysis of MicroSectors Travel could also be used in its relative valuation, which is a method of valuing MicroSectors Travel by comparing valuation metrics with similar companies.
Peers
MicroSectors Travel Related Equities
| GDXD | MicroSectors Gold | 8.56 | ||||
| FLYD | MicroSectors Travel | 2.67 | ||||
| BERZ | MicroSectors Solactive | 1.01 | ||||
| OOTO | Direxion Daily | 1.98 | ||||
| GDXU | MicroSectors Gold | 8.57 |
Check out MicroSectors Travel Hype Analysis, MicroSectors Travel Correlation and MicroSectors Travel Performance. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
The market value of MicroSectors Travel is measured differently than its book value, which is the value of MicroSectors that is recorded on the company's balance sheet. Investors also form their own opinion of MicroSectors Travel's value that differs from its market value or its book value, called intrinsic value, which is MicroSectors Travel'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 MicroSectors Travel's market value can be influenced by many factors that don't directly affect MicroSectors Travel'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 MicroSectors Travel's value and its price as these two are different measures arrived at by different means. Investors typically determine if MicroSectors Travel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MicroSectors Travel'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.