Axonic Strategic Income Etf Profile
| AXSAX Etf | USD 8.74 0.01 0.11% |
Performance16 of 100
| Odds Of DistressLess than 9
|
Axonic Strategic is trading at 8.74 as of the 28th of April 2024; that is -0.11 percent decrease since the beginning of the trading day. The etf's open price was 8.75. Axonic Strategic has less than a 9 % chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for Axonic Strategic Income are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of March 2024 and ending today, the 28th of April 2024. Click here to learn more.
In pursuing its investment objective, the fund seeks to maximize risk-adjusted total returns by investing primarily in income-producing instruments . Axonic Strategic is traded on NASDAQ Exchange in the United States. More on Axonic Strategic Income
Moving together with Axonic Etf
| 1.0 | AXSIX | Axonic Strategic | PairCorr |
Moving against Axonic Etf
| 0.73 | SMCAX | SMCAX | PairCorr |
Axonic 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. Axonic Strategic's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Axonic Strategic or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Multisector Bond, Axonic, Large, Multisector Bond (View all Sectors) |
| Update Date | 31st of March 2024 |
| Prev Close Price | 8.75 |
| Country Name | USA |
| Code | AXSAX |
| Name | Axonic Strategic Income A |
| Currency Name | US Dollar |
| Currency Code | USD |
| Open Figi | BBG00VFLYPB3 |
| Type | FUND |
Axonic Strategic Income [AXSAX] is traded in USA and was established 2020-07-16. The fund is listed under Multisector Bond category and is part of Axonic family. Axonic Strategic presently have 2.02 B in assets under management (AUM). with the current yeild of 0.08%, while the total return for the last year was -5.13%.
Check Axonic Strategic Probability Of Bankruptcy
Top Axonic Strategic Income Etf Constituents
| FGXXX | First American Funds | Money Market Fund | US Money Market Fund |
Axonic Strategic Target Price Odds Analysis
Based on a normal probability distribution, the odds of Axonic Strategic jumping above the current price in 90 days from now is about 17.55%. The Axonic Strategic Income probability density function shows the probability of Axonic Strategic etf to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Axonic Strategic has a beta of 0.0427. This suggests as returns on the market go up, Axonic Strategic average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Axonic Strategic Income will be expected to be much smaller as well. Additionally, axonic Strategic Income has an alpha of 0.0174, implying that it can generate a 0.0174 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Axonic Strategic to move above the current price in 90 days from now is about 17.55 (This Axonic Strategic Income probability density function shows the probability of Axonic Etf to fall within a particular range of prices over 90 days) .
Axonic Strategic Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Axonic Strategic market risk premium is the additional return an investor will receive from holding Axonic Strategic 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 Axonic Strategic. 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 Axonic Strategic's alpha and beta are two of the key measurements used to evaluate Axonic Strategic's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.0856 | |||
| Standard Deviation | 0.1445 | |||
| Variance | 0.0209 | |||
| Downside Variance | 0.019 |
Axonic Strategic Technical Analysis
Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Axonic Strategic Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Axonic Strategic price patterns.
Axonic Strategic Against Markets
Picking the right benchmark for Axonic Strategic 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 Axonic Strategic 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 Axonic Strategic is critical whether you are bullish or bearish towards Axonic Strategic Income at a given time. Please also check how Axonic Strategic's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Axonic Strategic without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Instant Ratings Now
Instant RatingsDetermine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
How to buy Axonic Etf?
Before investing in Axonic Strategic, 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 Axonic Strategic. To buy Axonic Strategic etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Axonic Strategic. 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 Axonic Strategic etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Axonic Strategic Income 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 Axonic Strategic Income 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 Axonic Strategic Income, 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 Axonic Strategic Income?
The danger of trading Axonic Strategic Income 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 Axonic Strategic 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 Axonic Strategic. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Axonic Strategic 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.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Axonic Strategic Income. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Axonic Strategic information on this page should be used as a complementary analysis to other Axonic Strategic'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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
The market value of Axonic Strategic is measured differently than its book value, which is the value of Axonic that is recorded on the company's balance sheet. Investors also form their own opinion of Axonic Strategic's value that differs from its market value or its book value, called intrinsic value, which is Axonic Strategic'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 Axonic Strategic's market value can be influenced by many factors that don't directly affect Axonic Strategic'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 Axonic Strategic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Axonic Strategic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Axonic Strategic'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.