Tgn Etf Profile
TGN is selling at 18.82 as of the 12th of May 2024; that is 0.75 percent up since the beginning of the trading day. The etf's open price was 18.68. Equity ratings for TGN are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 12th of April 2024 and ending today, the 12th of May 2024. Click here to learn more.
TGN Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. TGN's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding TGN or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Old Name | AXS Brendan Wood TopGun Index ETF |
| Business Concentration | Bucharest BET-NG (View all Sectors) |
| 200 Day M A | 30.3371 |
| Country Name | USA |
| 50 Day M A | 30.8409 |
| Code | TGN |
| Updated At | 3rd of February 2024 |
| Name | AXS Brendan Wood TopGun Index ETF |
| Currency Name | US Dollar |
| Currency Code | USD |
| Open Figi | BBG01BFHYJB9 |
| Type | ETF |
TGN [TGN] is traded in USA and was established null. The fund is not categorized under any group at the present time. The fund at this time have in assets.
Check TGN Probability Of Bankruptcy
TGN Target Price Odds Analysis
Contingent on a normal probability distribution, the odds of TGN jumping above the current price in 90 days from now is about 29.06%. The TGN probability density function shows the probability of TGN etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon TGN has a beta of 0.0585. This usually implies as returns on the market go up, TGN average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding TGN will be expected to be much smaller as well. Additionally, tGN has an alpha of 0.0434, implying that it can generate a 0.0434 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of TGN to move above the current price in 90 days from now is about 29.06 (This TGN probability density function shows the probability of TGN Etf to fall within a particular range of prices over 90 days) .
TGN Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. TGN market risk premium is the additional return an investor will receive from holding TGN 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 TGN. 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 TGN's alpha and beta are two of the key measurements used to evaluate TGN's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.7997 | |||
| Semi Deviation | 0.7624 | |||
| Standard Deviation | 1.12 | |||
| Variance | 1.25 |
TGN Against Markets
Picking the right benchmark for TGN etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in TGN etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for TGN is critical whether you are bullish or bearish towards TGN at a given time. Please also check how TGN's historical prices are related to one of the top price index indicators.
TGN Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with TGN etf to make a market-neutral strategy. Peer analysis of TGN could also be used in its relative valuation, which is a method of valuing TGN by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
How to buy TGN Etf?
Before investing in TGN, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in TGN. To buy TGN etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of TGN. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase TGN etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located TGN etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased TGN etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as TGN, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in TGN?
The danger of trading TGN is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of TGN is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than TGN. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile TGN is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether TGN offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TGN's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tgn Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Tgn Etf: Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the TGN information on this page should be used as a complementary analysis to other TGN's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
The market value of TGN is measured differently than its book value, which is the value of TGN that is recorded on the company's balance sheet. Investors also form their own opinion of TGN's value that differs from its market value or its book value, called intrinsic value, which is TGN'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 TGN's market value can be influenced by many factors that don't directly affect TGN'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 TGN's value and its price as these two are different measures arrived at by different means. Investors typically determine if TGN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TGN'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.