Etracs Monthly Pay Etf Performance
| HDLB Etf | USD 14.00 0.03 0.21% |
The etf shows a Beta (market volatility) of 0.57, which means possible diversification benefits within a given portfolio. As returns on the market increase, ETRACS Monthly's returns are expected to increase less than the market. However, during the bear market, the loss of holding ETRACS Monthly is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days ETRACS Monthly Pay has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong essential indicators, ETRACS Monthly is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors. ...more
| In Threey Sharp Ratio | 0.15 |
ETRACS |
ETRACS Monthly Relative Risk vs. Return Landscape
If you would invest 1,398 in ETRACS Monthly Pay on November 2, 2024 and sell it today you would earn a total of 2.00 from holding ETRACS Monthly Pay or generate 0.14% return on investment over 90 days. ETRACS Monthly Pay is currently generating 0.0156% in daily expected returns and assumes 1.6368% risk (volatility on return distribution) over the 90 days horizon. In different words, 14% of etfs are less volatile than ETRACS, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
ETRACS Monthly Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ETRACS Monthly's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as ETRACS Monthly Pay, and traders can use it to determine the average amount a ETRACS Monthly's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0095
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| Negative Returns | HDLB |
Estimated Market Risk
| 1.64 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ETRACS Monthly is not performing at its full potential. However, 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 Monthly by adding ETRACS Monthly to a well-diversified portfolio.
ETRACS Monthly Fundamentals Growth
ETRACS Etf prices reflect investors' perceptions of the future prospects and financial health of ETRACS Monthly, and ETRACS Monthly fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on ETRACS Etf performance.
| Total Asset | 16.87 M | |||
About ETRACS Monthly Performance
By analyzing ETRACS Monthly's fundamental ratios, stakeholders can gain valuable insights into ETRACS Monthly's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if ETRACS Monthly has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if ETRACS Monthly has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
The index is designed to measure the performance of 40 dividend yielding, relatively lower volatility Index Constituent Securities from the universe of the largest 1,000 U.S. listed stocks by market capitalization, as described herein. Etracs 2X is traded on NYSEARCA Exchange in the United States.| The fund created five year return of -4.0% | |
| ETRACS Monthly Pay retains all of the assets under management (AUM) in different types of exotic instruments |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ETRACS Monthly Pay. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of ETRACS Monthly Pay 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 Monthly's value that differs from its market value or its book value, called intrinsic value, which is ETRACS Monthly'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 Monthly's market value can be influenced by many factors that don't directly affect ETRACS Monthly'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 Monthly's value and its price as these two are different measures arrived at by different means. Investors typically determine if ETRACS Monthly is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETRACS Monthly'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.