Roundhill Daily 2x Etf Profile
| MAGX Etf | 27.57 0.18 0.65% |
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Roundhill Daily is trading at 27.57 as of the 7th of May 2024; that is -0.65 percent down since the beginning of the trading day. The etf's open price was 27.75. Roundhill Daily has 50 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. Equity ratings for Roundhill Daily 2X are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 7th of February 2024 and ending today, the 7th of May 2024. Click here to learn more.
Roundhill 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. Roundhill Daily's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Roundhill Daily or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Theme ETFs (View all Sectors) |
| Issuer | Roundhill Investments |
| Inception Date | 2024-02-29 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 2.79 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | U.S. Bancorp Fund Services, LLC |
| Advisor | Roundhill Financial Inc. |
| Custodian | U.S. Bank, N.A. |
| Distributor | Foreside Fund Services, LLC |
| Portfolio Manager | Andrew Serowik, Todd Alberico, Gabriel Tan, Brian Cooper |
| Transfer Agent | U.S. Bancorp Fund Services, LLC |
| Fiscal Year End | 31-Dec |
| Exchange | NASDAQ |
| Number of Constituents | 5.0 |
| Market Maker | Flow Traders |
| Total Expense | 0.99 |
| Management Fee | 0.95 |
| Country Name | USA |
| Code | MAGX |
| Updated At | 6th of May 2024 |
| Name | Roundhill Daily 2X Long Magnificent Seven ETF |
| Currency Name | US Dollar |
| Currency Code | USD |
| Open Figi | BBG01LR3X6Q8 |
| Type | ETF |
Roundhill Daily 2X [MAGX] is traded in USA and was established null. The fund is not categorized under any group at this time. The fund now have in assets.
Check Roundhill Daily Probability Of Bankruptcy
Roundhill Daily 2X Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Roundhill Daily market risk premium is the additional return an investor will receive from holding Roundhill Daily 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 Roundhill Daily. 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 Roundhill Daily's alpha and beta are two of the key measurements used to evaluate Roundhill Daily's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0479 | |||
| Jensen Alpha | 0.1425 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0412 |
Roundhill Daily Against Markets
Picking the right benchmark for Roundhill Daily 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 Roundhill Daily 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 Roundhill Daily is critical whether you are bullish or bearish towards Roundhill Daily 2X at a given time. Please also check how Roundhill Daily's historical prices are related to one of the top price index indicators.
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How to buy Roundhill Etf?
Before investing in Roundhill Daily, 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 Roundhill Daily. To buy Roundhill Daily etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Roundhill Daily. 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 Roundhill Daily etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Roundhill Daily 2X 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 Roundhill Daily 2X 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 Roundhill Daily 2X, 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. For more information on how to buy Roundhill Etf please use our How to Invest in Roundhill Daily guide.
Already Invested in Roundhill Daily 2X?
The danger of trading Roundhill Daily 2X 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 Roundhill Daily 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 Roundhill Daily. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Roundhill Daily 2X 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 Roundhill Daily 2X offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Roundhill Daily'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 Roundhill Daily 2x Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Roundhill Daily 2x Etf: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Roundhill Daily 2X. 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 Roundhill Daily 2X information on this page should be used as a complementary analysis to other Roundhill Daily'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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
The market value of Roundhill Daily 2X is measured differently than its book value, which is the value of Roundhill that is recorded on the company's balance sheet. Investors also form their own opinion of Roundhill Daily's value that differs from its market value or its book value, called intrinsic value, which is Roundhill Daily'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 Roundhill Daily's market value can be influenced by many factors that don't directly affect Roundhill Daily'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 Roundhill Daily's value and its price as these two are different measures arrived at by different means. Investors typically determine if Roundhill Daily is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Roundhill Daily'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.