Etracs 2x Leveraged Etf Price History
| USML Etf | USD 43.43 0.39 0.91% |
If you're considering investing in ETRACS Etf, it is important to understand the factors that can impact its price. As of today, the current price of ETRACS 2x stands at 43.43, as last reported on the 28th of November, with the highest price reaching 43.43 and the lowest price hitting 43.43 during the day. As of now, ETRACS Etf is very steady. ETRACS 2x Leveraged secures Sharpe Ratio (or Efficiency) of 0.0903, which denotes the etf had a 0.0903% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for ETRACS 2x Leveraged, which you can use to evaluate the volatility of the entity. Please confirm ETRACS 2x's Downside Deviation of 1.08, market risk adjusted performance of 0.1072, and Mean Deviation of 0.8744 to check if the risk estimate we provide is consistent with the expected return of 0.1%.
ETRACS Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
ETRACS |
Sharpe Ratio = 0.0903
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| Cash | USML | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.14 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average ETRACS 2x is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ETRACS 2x by adding it to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
ETRACS 2x Etf Price History Chart
There are several ways to analyze ETRACS 2x Leveraged Etf price data. The simplest method is using a basic ETRACS candlestick price chart, which shows ETRACS 2x price history and the buying and selling dynamics of a specified period. Many traders also use subjective judgment to their trading calls, avoiding the need to trade based on technical analysis.
| Highest Price | November 26, 2024 | 43.43 |
| Lowest Price | September 6, 2024 | 39.15 |
ETRACS 2x November 28, 2024 Etf Price Synopsis
Various analyses of ETRACS 2x's daily price changes, such as its Balance Of Power or Price Action, are crucial when deciding whether to buy, hold, or sell ETRACS Etf. It can be used to describe the percentage change in the price of ETRACS 2x from one trading day to the next and could be a valuable metric for traders and investors to gauge the volatility and momentum of ETRACS Etf.| ETRACS 2x Price Action Indicator | 0.20 | |
| ETRACS 2x Price Rate Of Daily Change | 1.01 |
ETRACS 2x November 28, 2024 Etf Price Analysis
ETRACS Etf Price History Data
The price series of ETRACS 2x for the period between Fri, Aug 30, 2024 and Thu, Nov 28, 2024 has a statistical range of 4.28 with a coefficient of variation of 2.26. The daily prices for the period are distributed with arithmetic mean of 40.99. The median price for the last 90 days is 40.77.| Open | High | Low | Close | Volume | ||
| 11/27/2024 | 43.43 | 43.43 | 43.43 | 43.43 | 1.00 | |
| 11/26/2024 | 43.43 | 43.43 | 43.43 | 43.43 | 16.00 | |
| 11/25/2024 | 43.04 | 43.04 | 43.04 | 43.04 | 16.00 | |
| 11/22/2024 | 42.75 | 42.75 | 42.75 | 42.75 | 40.00 | |
| 11/21/2024 | 42.20 | 42.20 | 42.20 | 42.20 | 1.00 | |
| 11/20/2024 | 41.28 | 41.28 | 41.28 | 41.28 | 100.00 | |
| 11/19/2024 | 40.74 | 40.74 | 40.74 | 40.74 | 100.00 | |
| 11/18/2024 | 40.81 | 40.81 | 40.81 | 40.81 | 100.00 | |
| 11/15/2024 | 40.71 | 40.71 | 40.71 | 40.71 | 100.00 | |
| 11/14/2024 | 41.55 | 41.55 | 41.55 | 41.55 | 1.00 | |
| 11/13/2024 | 42.45 | 42.45 | 42.45 | 42.45 | 1.00 | |
| 11/12/2024 | 42.45 | 42.45 | 42.45 | 42.45 | 100.00 | |
| 11/11/2024 | 42.66 | 42.66 | 42.66 | 42.66 | 1.00 | |
| 11/08/2024 | 42.10 | 42.10 | 42.10 | 42.10 | 1.00 | |
| 11/07/2024 | 42.10 | 42.10 | 42.10 | 42.10 | 1.00 | |
| 11/06/2024 | 41.86 | 41.86 | 41.86 | 41.86 | 100.00 | |
| 11/05/2024 | 40.29 | 40.29 | 40.29 | 40.29 | 100.00 | |
| 11/04/2024 | 39.56 | 39.56 | 39.56 | 39.56 | 100.00 | |
| 11/01/2024 | 39.64 | 39.64 | 39.64 | 39.64 | 1.00 | |
| 10/31/2024 | 42.47 | 42.47 | 39.71 | 39.71 | 300.00 | |
| 10/30/2024 | 40.23 | 40.23 | 40.23 | 40.23 | 1.00 | |
| 10/29/2024 | 40.54 | 40.54 | 40.54 | 40.54 | 100.00 | |
| 10/28/2024 | 40.61 | 40.61 | 40.61 | 40.61 | 1.00 | |
| 10/25/2024 | 40.56 | 40.56 | 40.56 | 40.56 | 100.00 | |
| 10/24/2024 | 41.12 | 41.12 | 41.12 | 41.12 | 5.00 | |
| 10/23/2024 | 41.39 | 41.39 | 41.39 | 41.39 | 100.00 | |
| 10/22/2024 | 41.61 | 41.61 | 41.61 | 41.61 | 5.00 | |
| 10/21/2024 | 41.78 | 41.78 | 41.78 | 41.78 | 22.00 | |
| 10/18/2024 | 42.28 | 42.28 | 42.28 | 42.28 | 100.00 | |
| 10/17/2024 | 42.22 | 42.22 | 42.22 | 42.22 | 100.00 | |
| 10/16/2024 | 42.15 | 42.15 | 42.15 | 42.15 | 100.00 | |
| 10/15/2024 | 42.73 | 42.73 | 41.71 | 41.71 | 239.00 | |
| 10/14/2024 | 42.06 | 42.06 | 42.06 | 42.06 | 6.00 | |
| 10/11/2024 | 41.53 | 41.53 | 41.53 | 41.53 | 100.00 | |
| 10/10/2024 | 41.00 | 41.00 | 40.97 | 40.97 | 400.00 | |
| 10/09/2024 | 41.26 | 41.26 | 41.26 | 41.26 | 100.00 | |
| 10/08/2024 | 40.27 | 40.61 | 40.27 | 40.61 | 104.00 | |
| 10/07/2024 | 39.89 | 40.00 | 39.89 | 39.92 | 726.00 | |
| 10/04/2024 | 40.77 | 40.78 | 40.75 | 40.78 | 700.00 | |
| 10/03/2024 | 41.45 | 41.45 | 40.42 | 40.45 | 200.00 | |
| 10/02/2024 | 40.67 | 40.73 | 40.67 | 40.73 | 100.00 | |
| 10/01/2024 | 41.71 | 41.71 | 40.82 | 40.82 | 200.00 | |
| 09/30/2024 | 40.98 | 40.98 | 40.98 | 40.98 | 200.00 | |
| 09/27/2024 | 40.82 | 40.82 | 40.82 | 40.82 | 100.00 | |
| 09/26/2024 | 40.73 | 40.73 | 40.73 | 40.73 | 100.00 | |
| 09/25/2024 | 40.50 | 40.50 | 40.50 | 40.50 | 57.00 | |
| 09/24/2024 | 40.76 | 40.76 | 40.76 | 40.76 | 2.00 | |
| 09/23/2024 | 40.97 | 40.97 | 40.97 | 40.97 | 34.00 | |
| 09/20/2024 | 40.70 | 40.70 | 40.70 | 40.70 | 1.00 | |
| 09/19/2024 | 40.68 | 40.68 | 40.68 | 40.68 | 100.00 | |
| 09/18/2024 | 40.39 | 40.39 | 40.39 | 40.39 | 100.00 | |
| 09/17/2024 | 40.70 | 40.70 | 40.70 | 40.70 | 100.00 | |
| 09/16/2024 | 41.17 | 41.17 | 41.17 | 41.17 | 100.00 | |
| 09/13/2024 | 40.77 | 40.77 | 40.77 | 40.77 | 100.00 | |
| 09/12/2024 | 40.35 | 40.35 | 40.27 | 40.27 | 100.00 | |
| 09/11/2024 | 45.94 | 45.94 | 39.32 | 39.86 | 600.00 | |
| 09/10/2024 | 40.00 | 40.00 | 40.00 | 40.00 | 21.00 | |
| 09/09/2024 | 39.79 | 39.79 | 39.79 | 39.79 | 13.00 | |
| 09/06/2024 | 39.15 | 39.15 | 39.15 | 39.15 | 100.00 | |
| 09/05/2024 | 39.86 | 39.86 | 39.86 | 39.86 | 31.00 | |
| 09/04/2024 | 40.50 | 40.50 | 40.50 | 40.50 | 200.00 |
About ETRACS 2x Etf history
ETRACS 2x investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for ETRACS is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ETRACS 2x Leveraged will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing ETRACS 2x stock prices may prove useful in developing a viable investing in ETRACS 2x
ETRACS 2x Etf Technical Analysis
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.
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ETRACS 2x Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ETRACS 2x's price direction in advance. Along with the technical and fundamental analysis of ETRACS Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of ETRACS to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0927 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0012 | |||
| Treynor Ratio | 0.0972 |
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| Pattern Recognition | ||
| Price Transform | ||
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| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ETRACS 2x Leveraged. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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.