Axs 2x Innovation Etf Market Value

TARK Etf  USD 53.49  2.38  4.66%   
AXS 2X's market value is the price at which a share of AXS 2X trades on a public exchange. It measures the collective expectations of AXS 2X Innovation investors about its performance. AXS 2X is selling for 53.49 as of the 3rd of February 2025. This is a 4.66 percent increase since the beginning of the trading day. The etf's last reported lowest price was 52.3.
With this module, you can estimate the performance of a buy and hold strategy of AXS 2X Innovation and determine expected loss or profit from investing in AXS 2X over a given investment horizon. Check out AXS 2X Correlation, AXS 2X Volatility and AXS 2X Alpha and Beta module to complement your research on AXS 2X.
Symbol

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.

AXS 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 AXS 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 AXS 2X.
0.00
02/14/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
02/03/2025
0.00
If you would invest  0.00  in AXS 2X on February 14, 2023 and sell it all today you would earn a total of 0.00 from holding AXS 2X Innovation or generate 0.0% return on investment in AXS 2X over 720 days. AXS 2X is related to or competes with Tuttle Capital, Direxion Shares, AXS TSLA, 2x Long, and Direxion Daily. The fund will enter into one or more swap agreements with major global financial institutions for a specified period ran... More

AXS 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 AXS 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 AXS 2X Innovation upside and downside potential and time the market with a certain degree of confidence.

AXS 2X Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for AXS 2X's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AXS 2X's standard deviation. In reality, there are many statistical measures that can use AXS 2X historical prices to predict the future AXS 2X's volatility.
Hype
Prediction
LowEstimatedHigh
45.4953.6861.87
Details
Intrinsic
Valuation
LowRealHigh
44.0752.2660.45
Details
Naive
Forecast
LowNextHigh
53.3561.5469.73
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
42.3448.9455.54
Details

AXS 2X Innovation Backtested Returns

As of now, AXS Etf is not too volatile. AXS 2X Innovation secures Sharpe Ratio (or Efficiency) of 0.011, which signifies that the etf had a 0.011 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for AXS 2X Innovation, which you can use to evaluate the volatility of the entity. Please confirm AXS 2X's mean deviation of 4.74, and Risk Adjusted Performance of 0.0182 to double-check if the risk estimate we provide is consistent with the expected return of 0.0908%. The etf shows a Beta (market volatility) of 3.57, which signifies 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, AXS 2X will likely underperform.

Auto-correlation

    
  -0.3  

Weak reverse predictability

AXS 2X Innovation has weak reverse predictability. Overlapping area represents the amount of predictability between AXS 2X time series from 14th of February 2023 to 9th of February 2024 and 9th of February 2024 to 3rd of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of AXS 2X Innovation price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current AXS 2X price fluctuation can be explain by its past prices.
Correlation Coefficient-0.3
Spearman Rank Test-0.03
Residual Average0.0
Price Variance126.2

AXS 2X Innovation lagged returns against current returns

Autocorrelation, which is AXS 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 AXS 2X's etf expected returns. We can calculate the autocorrelation of AXS 2X returns to help us make a trade decision. For example, suppose you find that AXS 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  

AXS 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 AXS 2X etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AXS 2X etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AXS 2X etf over time.
   Current vs Lagged Prices   
       Timeline  

AXS 2X Lagged Returns

When evaluating AXS 2X's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AXS 2X etf have on its future price. AXS 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, AXS 2X autocorrelation shows the relationship between AXS 2X etf current value and its past values and can show if there is a momentum factor associated with investing in AXS 2X Innovation.
   Regressed Prices   
       Timeline  

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When determining whether AXS 2X Innovation is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if AXS Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Axs 2x Innovation Etf. Highlighted below are key reports to facilitate an investment decision about Axs 2x Innovation Etf:
Check out AXS 2X Correlation, AXS 2X Volatility and AXS 2X Alpha and Beta module to complement your research on AXS 2X.
You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
AXS 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.
A focus of AXS 2X technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of AXS 2X trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...