Etracs 2xmonthly Pay Etf Price on December 11, 2023
| PFFL Etf | USD 9.69 0.02 0.21% |
Below is the normalized historical share price chart for ETRACS 2xMonthly Pay extending back to September 26, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of ETRACS 2xMonthly stands at 9.69, as last reported on the 18th of May 2024, with the highest price reaching 9.69 and the lowest price hitting 9.69 during the day.
If you're considering investing in ETRACS Etf, it is important to understand the factors that can impact its price. We consider ETRACS 2xMonthly not too volatile. ETRACS 2xMonthly Pay secures Sharpe Ratio (or Efficiency) of 0.0188, which denotes the etf had a 0.0188% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for ETRACS 2xMonthly Pay, which you can use to evaluate the volatility of the entity. Please confirm ETRACS 2xMonthly's Mean Deviation of 1.02, market risk adjusted performance of 0.0081, and Downside Deviation of 1.62 to check if the risk estimate we provide is consistent with the expected return of 0.0255%.
ETRACS Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 28.01 | 200 Day MA 9.6163 | 1 y Volatility 25.85 | 50 Day MA 9.8954 | Inception Date 2018-09-26 |
ETRACS |
Sharpe Ratio = 0.0188
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Estimated Market Risk
| 1.36 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average ETRACS 2xMonthly is performing at about 1% of its full potential. 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 2xMonthly by adding it to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
ETRACS 2xMonthly Valuation on December 11, 2023
It is possible to determine the worth of ETRACS 2xMonthly on a given historical date. On December 11, 2023 ETRACS was worth 9.53 at the beginning of the trading date compared to the closed value of 8.92. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ETRACS 2xMonthly etf. Still, in general, we apply an absolute valuation method to find ETRACS 2xMonthly's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of ETRACS 2xMonthly where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ETRACS 2xMonthly's related companies.
| Open | High | Low | Close | Volume | |
| 9.53 | 9.58 | 8.97 | 8.97 | 14,423 | |
12/11/2023 | 9.53 | 9.55 | 8.92 | 8.92 | 8,833 |
| 9.33 | 9.41 | 8.91 | 8.91 | 3,032 |
| Backtest ETRACS 2xMonthly | | | ETRACS 2xMonthly History | | | ETRACS 2xMonthly Valuation | Previous | Next |
ETRACS 2xMonthly Trading Date Momentum on December 11, 2023
| On December 12 2023 ETRACS 2xMonthly Pay was traded for 8.91 at the closing time. The top price for the day was 9.41 and the lowest listed price was 8.91 . The trading volume for the day was 3 K. The trading history from December 12, 2023 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.11% . The overall trading delta against the current closing price is 10.99% . |
ETRACS 2xMonthly Pay Fundamentals Correlations and Trends
By evaluating ETRACS 2xMonthly's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among ETRACS 2xMonthly's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. ETRACS financial account trend analysis is a perfect complement when working with valuation or volatility modules.About ETRACS 2xMonthly Etf history
ETRACS 2xMonthly investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for ETRACS is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ETRACS 2xMonthly Pay will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing ETRACS 2xMonthly stock prices may prove useful in developing a viable investing in ETRACS 2xMonthly
The index is designed to track the price movements of an equally weighted portfolio of two exchange-traded funds that hold preferred securities of various issuers. Etracs 2X is traded on NYSEARCA Exchange in the United States.
ETRACS 2xMonthly Etf Technical Analysis
ETRACS 2xMonthly 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.
Price Boundaries
ETRACS 2xMonthly Period Price Range
Low | December 11, 2023
| High |
9.53 | 8.92 |
ETRACS 2xMonthly May 18, 2024 Market Strength
Market strength indicators help investors to evaluate how ETRACS 2xMonthly etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ETRACS 2xMonthly shares will generate the highest return on investment. By undertsting and applying ETRACS 2xMonthly etf market strength indicators, traders can identify ETRACS 2xMonthly Pay entry and exit signals to maximize returns
ETRACS 2xMonthly Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ETRACS 2xMonthly's price direction in advance. Along with the technical and fundamental analysis of ETRACS Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of ETRACS to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0096 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0) |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ETRACS 2xMonthly Pay. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the ETRACS 2xMonthly Pay information on this page should be used as a complementary analysis to other ETRACS 2xMonthly'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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
The market value of ETRACS 2xMonthly 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 2xMonthly's value that differs from its market value or its book value, called intrinsic value, which is ETRACS 2xMonthly'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 2xMonthly's market value can be influenced by many factors that don't directly affect ETRACS 2xMonthly'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 2xMonthly's value and its price as these two are different measures arrived at by different means. Investors typically determine if ETRACS 2xMonthly is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETRACS 2xMonthly'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.