Etracs 2x Leveraged Etf Market Value
| MTUL Etf | USD 31.57 0.33 1.03% |
| Symbol | ETRACS |
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.
ETRACS 2x 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to ETRACS 2x's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of ETRACS 2x.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in ETRACS 2x on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding ETRACS 2x Leveraged or generate 0.0% return on investment in ETRACS 2x over 720 days. ETRACS 2x is related to or competes with Freedom Day, Franklin Templeton, IShares MSCI, Tidal Trust, IShares Dividend, Altrius Global, and Invesco Exchange. Etracs 2X is traded on NYSEARCA Exchange in the United States. More
ETRACS 2x Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure ETRACS 2x's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess ETRACS 2x Leveraged upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.27 | |||
| Information Ratio | 0.0606 | |||
| Maximum Drawdown | 10.98 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 4.26 |
ETRACS 2x Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ETRACS 2x's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ETRACS 2x's standard deviation. In reality, there are many statistical measures that can use ETRACS 2x historical prices to predict the future ETRACS 2x's volatility.| Risk Adjusted Performance | 0.1014 | |||
| Jensen Alpha | 0.0437 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0544 | |||
| Treynor Ratio | 0.1467 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ETRACS 2x's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ETRACS 2x Leveraged Backtested Returns
ETRACS 2x appears to be very steady, given 3 months investment horizon. ETRACS 2x Leveraged secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the etf had a 0.17% return per unit of volatility over the last 3 months. We have found thirty technical indicators for ETRACS 2x Leveraged, which you can use to evaluate the volatility of the entity. Please utilize ETRACS 2x's Mean Deviation of 1.42, downside deviation of 2.27, and Market Risk Adjusted Performance of 0.1567 to check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 1.66, which means 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, ETRACS 2x will likely underperform.
Auto-correlation | -0.22 |
Weak reverse predictability
ETRACS 2x Leveraged has weak reverse predictability. Overlapping area represents the amount of predictability between ETRACS 2x time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ETRACS 2x Leveraged price movement. The serial correlation of -0.22 indicates that over 22.0% of current ETRACS 2x price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 13.94 |
ETRACS 2x Leveraged lagged returns against current returns
Autocorrelation, which is ETRACS 2x etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting ETRACS 2x's etf expected returns. We can calculate the autocorrelation of ETRACS 2x returns to help us make a trade decision. For example, suppose you find that ETRACS 2x has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
ETRACS 2x regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If ETRACS 2x etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ETRACS 2x etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ETRACS 2x etf over time.
Current vs Lagged Prices |
| Timeline |
ETRACS 2x Lagged Returns
When evaluating ETRACS 2x's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ETRACS 2x etf have on its future price. ETRACS 2x autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, ETRACS 2x autocorrelation shows the relationship between ETRACS 2x etf current value and its past values and can show if there is a momentum factor associated with investing in ETRACS 2x Leveraged.
Regressed Prices |
| Timeline |
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ETRACS 2x technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.