ETRACS 2x Net Asset vs. Beta
| QULL Etf | USD 52.49 0.54 1.04% |
For ETRACS 2x profitability analysis, we use financial ratios and fundamental drivers that measure the ability of ETRACS 2x to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well ETRACS 2x Leveraged utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between ETRACS 2x's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of ETRACS 2x Leveraged over time as well as its relative position and ranking within its peers.
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 Leveraged Beta vs. Net Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining ETRACS 2x's current stock value. Our valuation model uses many indicators to compare ETRACS 2x value to that of its competitors to determine the firm's financial worth. ETRACS 2x Leveraged is presently regarded as number one ETF in net asset as compared to similar ETFs. It also is presently regarded as number one ETF in beta as compared to similar ETFs . The ratio of Net Asset to Beta for ETRACS 2x Leveraged is about 18,403,846 . Comparative valuation analysis is a catch-all technique that is used if you cannot value ETRACS 2x by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.ETRACS Beta vs. Net Asset
Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
ETRACS 2x |
| = | 38.28 M |
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
ETRACS 2x |
| = | 2.08 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
ETRACS Beta Comparison
ETRACS 2x is currently under evaluation in beta as compared to similar ETFs.
Beta Analysis
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ETRACS 2x will likely underperform.
ETRACS 2x Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in ETRACS 2x, profitability is also one of the essential criteria for including it into their portfolios because, without profit, ETRACS 2x will eventually generate negative long term returns. The profitability progress is the general direction of ETRACS 2x's change in net profit over the period of time. It can combine multiple indicators of ETRACS 2x, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Etracs 2X is traded on NYSEARCA Exchange in the United States.
ETRACS Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on ETRACS 2x. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of ETRACS 2x position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the ETRACS 2x's important profitability drivers and their relationship over time.
Use ETRACS 2x in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ETRACS 2x position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ETRACS 2x will appreciate offsetting losses from the drop in the long position's value.ETRACS 2x Pair Trading
ETRACS 2x Leveraged Pair Trading Analysis
The ability to find closely correlated positions to ETRACS 2x could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ETRACS 2x when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ETRACS 2x - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ETRACS 2x Leveraged to buy it.
The correlation of ETRACS 2x is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ETRACS 2x moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ETRACS 2x Leveraged moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ETRACS 2x can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your ETRACS 2x position
In addition to having ETRACS 2x in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Education Thematic Idea Now
Education
Companies involved in apprenticeship, education, tutoring, schooling, online universities, and other learning services. The Education theme has 42 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Education Theme or any other thematic opportunities.
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Check out Your Equity Center. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
To fully project ETRACS 2x's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of ETRACS 2x Leveraged at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include ETRACS 2x's income statement, its balance sheet, and the statement of cash flows.