Max Airlines 3x Etf Profile
| JETD Etf | 20.73 0.42 1.99% |
Performance0 of 100
| Odds Of DistressLess than 9
|
MAX Airlines is trading at 20.73 as of the 11th of June 2024, a -1.99% down since the beginning of the trading day. The etf's lowest day price was 19.66. MAX Airlines has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for MAX Airlines 3X are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 12th of May 2024 and ending today, the 11th of June 2024. Click here to learn more.
MAX Airlines is entity of United States. It is traded as Etf on NYSE ARCA exchange. More on MAX Airlines 3X
Moving against MAX Etf
MAX Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Sector ETFs, Industrials ETFs, Trading--Inverse Equity, Metals & Mining, Materials, Materials (View all Sectors) |
| Issuer | Bank of Montreal |
| Inception Date | 2023-06-20 |
| Benchmark | Prime Airlines Index |
| Entity Type | Exchange-Traded Note |
| Asset Type | Equity |
| Category | Sector |
| Focus | Industrials |
| Market Concentration | Developed Markets |
| Region | North America |
| Advisor | Bank of Montreal |
| Exchange | NYSE Arca, Inc. |
| Market Maker | Old Mission |
| Total Expense | 0.95 |
| Management Fee | 0.95 |
| 200 Day M A | 27.6614 |
| Country Name | USA |
| 50 Day M A | 21.3478 |
| Code | JETD |
| Updated At | 10th of June 2024 |
| Returns Y T D | (15.21) |
| Name | MAX Airlines -3X Inverse Leveraged ETN |
| Currency Name | US Dollar |
| Currency Code | USD |
| Open Figi | BBG01GWQHJH2 |
| Type | ETF |
MAX Airlines 3X [JETD] is traded in USA and was established null. The fund is listed under Trading--Inverse Equity category and is part of Metals & Mining family. The entity is thematically classified as Sector ETFs. MAX Airlines 3X currently have in assets under management (AUM).
Check MAX Airlines Probability Of Bankruptcy
MAX Airlines 3X Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. MAX Airlines market risk premium is the additional return an investor will receive from holding MAX Airlines long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in MAX Airlines. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although MAX Airlines' alpha and beta are two of the key measurements used to evaluate MAX Airlines' performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | 0.1949 |
MAX Airlines Against Markets
Additional Information and Resources on Investing in MAX Etf
When determining whether MAX Airlines 3X is a strong investment it is important to analyze MAX Airlines' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MAX Airlines' future performance. For an informed investment choice regarding MAX Etf, refer to the following important reports:Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in MAX Airlines 3X. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
The market value of MAX Airlines 3X is measured differently than its book value, which is the value of MAX that is recorded on the company's balance sheet. Investors also form their own opinion of MAX Airlines' value that differs from its market value or its book value, called intrinsic value, which is MAX Airlines' 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 MAX Airlines' market value can be influenced by many factors that don't directly affect MAX Airlines' 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 MAX Airlines' value and its price as these two are different measures arrived at by different means. Investors typically determine if MAX Airlines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MAX Airlines' 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.