Etracs 2x Leveraged Etf Technical Analysis
| MTUL Etf | USD 31.53 0.19 0.61% |
As of the 24th of November, ETRACS 2x shows the Downside Deviation of 2.31, mean deviation of 1.46, and Market Risk Adjusted Performance of 0.1463. Relative to fundamental indicators, the technical analysis model provides you with a way to check practical technical drivers of ETRACS 2x, as well as the relationship between them. Please confirm ETRACS 2x Leveraged variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if ETRACS 2x Leveraged is priced fairly, providing market reflects its regular price of 31.53 per share.
ETRACS 2x Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as ETRACS, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ETRACSETRACS |
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.
ETRACS 2x Leveraged Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of ETRACS 2x Leveraged volatility. High ATR values indicate high volatility, and low values indicate low volatility.
ETRACS 2x Leveraged Trend Analysis
Use this graph to draw trend lines for ETRACS 2x Leveraged. You can use it to identify possible trend reversals for ETRACS 2x as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual ETRACS 2x price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.ETRACS 2x Best Fit Change Line
The following chart estimates an ordinary least squares regression model for ETRACS 2x Leveraged applied against its price change over selected period. The best fit line has a slop of 0.1 , which means ETRACS 2x Leveraged will continue generating value for investors. It has 122 observation points and a regression sum of squares at 350.68, which is the sum of squared deviations for the predicted ETRACS 2x price change compared to its average price change.About ETRACS 2x Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of ETRACS 2x Leveraged on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of ETRACS 2x Leveraged based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on ETRACS 2x Leveraged price pattern first instead of the macroeconomic environment surrounding ETRACS 2x Leveraged. By analyzing ETRACS 2x's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of ETRACS 2x's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to ETRACS 2x specific price patterns or momentum indicators. Please read more on our technical analysis page.
ETRACS 2x November 24, 2024 Technical Indicators
Most technical analysis of ETRACS help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for ETRACS from various momentum indicators to cycle indicators. When you analyze ETRACS charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | 0.0968 | |||
| Market Risk Adjusted Performance | 0.1463 | |||
| Mean Deviation | 1.46 | |||
| Semi Deviation | 1.89 | |||
| Downside Deviation | 2.31 | |||
| Coefficient Of Variation | 847.91 | |||
| Standard Deviation | 2.08 | |||
| Variance | 4.31 | |||
| Information Ratio | 0.0549 | |||
| Jensen Alpha | 0.0268 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0493 | |||
| Treynor Ratio | 0.1363 | |||
| Maximum Drawdown | 10.98 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 4.26 | |||
| Downside Variance | 5.34 | |||
| Semi Variance | 3.59 | |||
| Expected Short fall | (1.57) | |||
| Skewness | (0.29) | |||
| Kurtosis | 2.02 |
ETRACS 2x Leveraged One Year Return
Based on the recorded statements, ETRACS 2x Leveraged has an One Year Return of 79%. This is much higher than that of the UBS family and significantly higher than that of the Trading--Leveraged Equity category. The one year return for all United States etfs is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Check out Correlation Analysis 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 employment. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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.