Etracs 2x Leveraged Etf Profile
| SCDL Etf | USD 35.19 0.14 0.40% |
Performance3 of 100
| Odds Of DistressLess than 9
|
ETRACS 2x is selling for 35.19 as of the 8th of May 2024. This is a 0.40 percent up since the beginning of the trading day. The etf's lowest day price was 35.19. ETRACS 2x has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for ETRACS 2x Leveraged are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of March 2024 and ending today, the 8th of May 2024. Click here to learn more.
Etracs 2X is traded on NYSEARCA Exchange in the United States. More on ETRACS 2x Leveraged
Moving together with ETRACS Etf
| 0.89 | SSO | ProShares Ultra SP500 | PairCorr |
| 0.86 | SPXL | Direxion Daily SP500 | PairCorr |
| 0.65 | QLD | ProShares Ultra QQQ Sell-off Trend | PairCorr |
| 0.92 | UPRO | ProShares UltraPro SP500 | PairCorr |
ETRACS 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. ETRACS 2x's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding ETRACS 2x 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, High Dividend Yield ETFs, Trading--Leveraged Equity, UBS (View all Sectors) |
| Issuer | UBS |
| Inception Date | 2021-02-05 |
| Benchmark | Dow Jones US Dividend 100 TR USD |
| Entity Type | Exchange-Traded Note |
| Asset Under Management | 35.2 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | High Dividend Yield |
| Market Concentration | Developed Markets |
| Region | North America |
| Advisor | UBS AG |
| Exchange | NYSE Arca, Inc. |
| Market Maker | IMC |
| Total Expense | 0.95 |
| Management Fee | 0.95 |
| Country Name | USA |
| Returns Y T D | 4.3 |
| Name | ETRACS 2x Leveraged US Dividend Factor TR ETN |
| Currency Code | USD |
| Open Figi | BBG00Z5LDLH1 |
| In Threey Volatility | 31.42 |
| 1y Volatility | 30.92 |
| 200 Day M A | 32.3882 |
| 50 Day M A | 35.3668 |
| Code | SCDL |
| Updated At | 7th of May 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.12 |
| Type | ETF |
ETRACS 2x Leveraged [SCDL] is traded in USA and was established 2021-02-04. The fund is listed under Trading--Leveraged Equity category and is part of UBS family. The entity is thematically classified as Strategy ETFs. ETRACS 2x Leveraged at this time have 38.71 M in assets. , while the total return for the last 3 years was 1.0%.
Check ETRACS 2x Probability Of Bankruptcy
ETRACS 2x Target Price Odds Analysis
Proceeding from a normal probability distribution, the odds of ETRACS 2x jumping above the current price in 90 days from now is about 46.31%. The ETRACS 2x Leveraged probability density function shows the probability of ETRACS 2x etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the etf has a beta coefficient of 1.8218. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, ETRACS 2x will likely underperform. Additionally, eTRACS 2x Leveraged has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of ETRACS 2x to move above the current price in 90 days from now is about 46.31 (This ETRACS 2x Leveraged probability density function shows the probability of ETRACS Etf to fall within a particular range of prices over 90 days) .
ETRACS 2x Leveraged Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. ETRACS 2x market risk premium is the additional return an investor will receive from holding ETRACS 2x 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 ETRACS 2x. 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 ETRACS 2x's alpha and beta are two of the key measurements used to evaluate ETRACS 2x's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0285 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.02) |
ETRACS 2x Against Markets
Picking the right benchmark for ETRACS 2x 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 ETRACS 2x 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 ETRACS 2x is critical whether you are bullish or bearish towards ETRACS 2x Leveraged at a given time. Please also check how ETRACS 2x'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 ETRACS 2x 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 Odds Of Bankruptcy Now
Odds Of BankruptcyGet analysis of equity chance of financial distress in the next 2 years |
| All Next | Launch Module |
How to buy ETRACS Etf?
Before investing in ETRACS 2x, 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 ETRACS 2x. To buy ETRACS 2x etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of ETRACS 2x. 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 ETRACS 2x etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located ETRACS 2x Leveraged 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 ETRACS 2x Leveraged 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 ETRACS 2x Leveraged, 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 ETRACS Etf please use our How to Invest in ETRACS 2x guide.
Already Invested in ETRACS 2x Leveraged?
The danger of trading ETRACS 2x Leveraged 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 ETRACS 2x 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 ETRACS 2x. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ETRACS 2x Leveraged 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 ETRACS 2x Leveraged is a strong investment it is important to analyze ETRACS 2x's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ETRACS 2x's future performance. For an informed investment choice regarding ETRACS Etf, refer to the following important reports: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ETRACS 2x Leveraged. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Note that the ETRACS 2x Leveraged information on this page should be used as a complementary analysis to other ETRACS 2x'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 Center module to all portfolio management and optimization tools to improve performance of your portfolios.
The market value of ETRACS 2x Leveraged 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 2x's value that differs from its market value or its book value, called intrinsic value, which is ETRACS 2x'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 2x's market value can be influenced by many factors that don't directly affect ETRACS 2x'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 2x's value and its price as these two are different measures arrived at by different means. Investors typically determine if ETRACS 2x is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETRACS 2x'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.