Etracs 2xmonthly Pay Etf Performance
| PFFL Etf | USD 9.59 0.07 0.72% |
The etf shows a Beta (market volatility) of 1.43, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ETRACS 2xMonthly will likely underperform.
Risk-Adjusted Performance
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Over the last 90 days ETRACS 2xMonthly Pay has generated negative risk-adjusted returns adding no value to investors with long positions. Despite quite persistent technical and fundamental indicators, ETRACS 2xMonthly is not utilizing all of its potentials. The latest stock price mess, may contribute to short-term losses for the institutional investors. ...more
1 | How To Trade - Stock Traders Daily | 05/03/2024 |
| In Threey Sharp Ratio | -0.42 |
ETRACS |
ETRACS 2xMonthly Relative Risk vs. Return Landscape
If you would invest 1,003 in ETRACS 2xMonthly Pay on February 23, 2024 and sell it today you would lose (44.00) from holding ETRACS 2xMonthly Pay or give up 4.39% of portfolio value over 90 days. ETRACS 2xMonthly Pay is currently does not generate positive expected returns and assumes 1.2747% risk (volatility on return distribution) over the 90 days horizon. In different words, 11% of etfs are less volatile than ETRACS, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
ETRACS 2xMonthly Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ETRACS 2xMonthly's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as ETRACS 2xMonthly Pay, and traders can use it to determine the average amount a ETRACS 2xMonthly's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0487
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| Negative Returns | PFFL |
Estimated Market Risk
| 1.27 actual daily | 11 89% of assets are more volatile |
Expected Return
| -0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ETRACS 2xMonthly is not performing at its full potential. However, 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 ETRACS 2xMonthly to a well-diversified portfolio.
ETRACS 2xMonthly Fundamentals Growth
ETRACS Etf prices reflect investors' perceptions of the future prospects and financial health of ETRACS 2xMonthly, and ETRACS 2xMonthly fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on ETRACS Etf performance.
| Total Asset | 18.95 M | |||
About ETRACS 2xMonthly Performance
To evaluate ETRACS 2xMonthly Pay Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when ETRACS 2xMonthly generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare ETRACS Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand ETRACS 2xMonthly Pay market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents ETRACS's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.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 Pay generated a negative expected return over the last 90 days | |
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| ETRACS 2xMonthly Pay created five year return of -7.0% | |
| This fund maintains all of the assets in different exotic instruments |
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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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.