Microsectors Gold 3x Etf Five Year Return
| DULL Etf | USD 12.95 0.11 0.86% |
MicroSectors Gold 3X fundamentals help investors to digest information that contributes to MicroSectors Gold's financial success or failures. It also enables traders to predict the movement of MicroSectors Etf. The fundamental analysis module provides a way to measure MicroSectors Gold's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to MicroSectors Gold etf.
MicroSectors |
MicroSectors Gold 3X ETF Five Year Return Analysis
MicroSectors Gold's Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
More About Five Year Return | All Equity Analysis
Five Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
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MicroSectors Gold Five Year Return Component Assessment
According to the company disclosure, MicroSectors Gold 3X has a Five Year Return of 0.0%. This is 100.0% lower than that of the Direxion Funds family and 100.0% lower than that of the Family category. The five year return for all United States etfs is 100.0% higher than that of the company.
MicroSectors Five Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses MicroSectors Gold's direct or indirect competition against its Five Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of MicroSectors Gold could also be used in its relative valuation, which is a method of valuing MicroSectors Gold by comparing valuation metrics of similar companies.MicroSectors Gold is currently under evaluation in five year return as compared to similar ETFs.
MicroSectors Fundamentals
| Number Of Employees | 452 | |||
| Total Asset | 1.32 M | |||
| Net Asset | 1.32 M |
About MicroSectors Gold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze MicroSectors Gold 3X's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of MicroSectors Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of MicroSectors Gold 3X based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with MicroSectors Gold
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if MicroSectors Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in MicroSectors Gold will appreciate offsetting losses from the drop in the long position's value.Moving against MicroSectors Etf
| 0.93 | FCG | First Trust Natural | PairCorr |
| 0.92 | DIG | ProShares Ultra Oil | PairCorr |
| 0.92 | IEO | iShares Oil Gas | PairCorr |
| 0.9 | NRGU | MicroSectors Big Oil | PairCorr |
| 0.9 | PXE | Invesco Dynamic Energy | PairCorr |
The ability to find closely correlated positions to MicroSectors Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MicroSectors Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back MicroSectors Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling MicroSectors Gold 3X to buy it.
The correlation of MicroSectors Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MicroSectors Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MicroSectors Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for MicroSectors Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out MicroSectors Gold Piotroski F Score and MicroSectors Gold Altman Z Score analysis. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
The market value of MicroSectors Gold is measured differently than its book value, which is the value of MicroSectors that is recorded on the company's balance sheet. Investors also form their own opinion of MicroSectors Gold's value that differs from its market value or its book value, called intrinsic value, which is MicroSectors Gold'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 MicroSectors Gold's market value can be influenced by many factors that don't directly affect MicroSectors Gold'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 MicroSectors Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if MicroSectors Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MicroSectors Gold'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.