MicroSectors Travel 3x Leveraged ETN Sees Unusually-High Trading Volume Still a Buy?
| FLYU Etf | USD 60.07 0.62 1.04% |
Slightly above 51% of MicroSectors Travel's private investors are presently thinking to get in. The current sentiment regarding investing in MicroSectors Travel 3X etf implies that some traders are interested. 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.
MicroSectors |
MicroSectors Travel 3x Leveraged ETN shares saw unusually-strong trading volume on Friday . Approximately 1,523 shares changed hands during trading, a decline of 6 percent from the previous sessions volume of 1,616 shares.The stock last traded at 56.82 and had previously closed at 56.96. MicroSectors Travel 3x Leveraged ETN Trading Up
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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
| TECL | Direxion Daily | 4.64 | ||||
| FNGU | MicroSectors FANG | 3.57 | ||||
| QLD | ProShares Ultra | 3.30 | ||||
| UPRO | ProShares UltraPro | 2.82 | ||||
| SPXL | Direxion Daily | 2.79 | ||||
| SSO | ProShares Ultra | 1.90 | ||||
| UYG | ProShares Ultra | 1.62 | ||||
| LABU | Direxion Daily | 0.21 | ||||
| GUSH | Direxion Daily | 0.74 |
Check out MicroSectors Travel Hype Analysis, MicroSectors Travel Correlation and MicroSectors Travel Performance. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
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.