Etracs Bloomberg Commodity Etf Profile
| DJCB Etf | USD 20.83 0.46 2.16% |
Performance12 of 100
| Odds Of DistressLess than 9
|
ETRACS Bloomberg is trading at 20.83 as of the 18th of April 2024, a -2.16 percent decrease since the beginning of the trading day. The etf's open price was 21.29. ETRACS Bloomberg has less than a 9 % chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for ETRACS Bloomberg Commodity are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of September 2022 and ending today, the 18th of April 2024. Click here to learn more.
The index is composed of the prices of twenty-one exchange-traded futures contracts on physical commodities. Etracs Commodity is traded on NYSEARCA Exchange in the United States. More on ETRACS Bloomberg Commodity
Moving together with ETRACS Etf
| 0.94 | PDBC | Invesco Optimum Yield | PairCorr |
| 0.92 | FTGC | First Trust Global | PairCorr |
| 0.94 | DBC | Invesco DB Commodity Sell-off Trend | PairCorr |
| 0.92 | COMT | iShares GSCI Commodity | PairCorr |
| 0.89 | GSG | iShares SP GSCI | PairCorr |
| 0.97 | DJP | iPath Bloomberg Commodity | PairCorr |
| 0.97 | BCI | abrdn Bloomberg All | PairCorr |
Moving against ETRACS Etf
| 0.71 | YCL | ProShares Ultra Yen | PairCorr |
| 0.64 | FXY | Invesco CurrencyShares | 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 Bloomberg's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding ETRACS Bloomberg or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Idea | Broad Commodities ETFs (View all Themes) |
| Business Concentration | Broad Commodities ETFs, Commodities Broad Basket, UBS AG (View all Sectors) |
| Issuer | UBS |
| Inception Date | 2019-10-24 |
| Benchmark | Bloomberg Commodity Index TR |
| Entity Type | Exchange-Traded Note |
| Asset Under Management | 44.46 Million |
| Asset Type | Commodities |
| Category | Broad Commodities |
| Focus | Broad Commodities |
| Market Concentration | Blended Development |
| Region | Global |
| Exchange | NYSE Arca, Inc. |
| Market Maker | IMC |
| Country Name | USA |
| Returns Y T D | 6.85 |
| Name | ETRACS Bloomberg Commodity Index Total ReturnSM ETN Series B |
| Currency Code | USD |
| Open Figi | BBG00QPKKJG9 |
| In Threey Volatility | 16.7 |
| 1y Volatility | 11.98 |
| 200 Day M A | 20.5069 |
| 50 Day M A | 20.2031 |
| Code | DJCB |
| Updated At | 17th of April 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.43 |
| Type | ETF |
ETRACS Bloomberg Commodity [DJCB] is traded in USA and was established 2019-10-25. The fund is listed under Commodities Broad Basket category and is part of UBS AG family. The entity is thematically classified as Broad Commodities ETFs. ETRACS Bloomberg Com currently have 116.44 M in assets under management (AUM). , while the total return for the last 3 years was 9.3%.
Check ETRACS Bloomberg Probability Of Bankruptcy
Top ETRACS Bloomberg Commodity Etf Constituents
| GOLD | Barrick Gold Corp | Stock | Materials |
| CORN | Teucrium Corn | Etf | Commodities Focused |
| LEAD | Siren DIVCON Leaders | Etf | Large Blend |
ETRACS Bloomberg Target Price Odds Analysis
What are ETRACS Bloomberg's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of ETRACS Bloomberg jumping above the current price in 90 days from now is about 13.73%. The ETRACS Bloomberg Commodity probability density function shows the probability of ETRACS Bloomberg etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days ETRACS Bloomberg has a beta of 0.0294 suggesting as returns on the market go up, ETRACS Bloomberg average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding ETRACS Bloomberg Commodity will be expected to be much smaller as well. Additionally, eTRACS Bloomberg Commodity has an alpha of 0.0985, implying that it can generate a 0.0985 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of ETRACS Bloomberg to move above the current price in 90 days from now is about 13.73 (This ETRACS Bloomberg Commodity probability density function shows the probability of ETRACS Etf to fall within a particular range of prices over 90 days) .
ETRACS Bloomberg Com Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. ETRACS Bloomberg market risk premium is the additional return an investor will receive from holding ETRACS Bloomberg 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 Bloomberg. 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 Bloomberg's alpha and beta are two of the key measurements used to evaluate ETRACS Bloomberg's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0832 | |||
| Jensen Alpha | 0.0985 | |||
| Total Risk Alpha | 0.0378 | |||
| Sortino Ratio | 0.0648 |
ETRACS Bloomberg Against Markets
Picking the right benchmark for ETRACS Bloomberg 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 Bloomberg 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 Bloomberg is critical whether you are bullish or bearish towards ETRACS Bloomberg Commodity at a given time. Please also check how ETRACS Bloomberg'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 Bloomberg 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 Economic Indicators Now
Economic IndicatorsTop statistical indicators that provide insights into how an economy is performing |
| All Next | Launch Module |
How to buy ETRACS Etf?
Before investing in ETRACS Bloomberg, 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 Bloomberg. To buy ETRACS Bloomberg etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of ETRACS Bloomberg. 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 Bloomberg etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located ETRACS Bloomberg Commodity 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 Bloomberg Commodity 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 Bloomberg Commodity, 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 Bloomberg guide.
Already Invested in ETRACS Bloomberg Commodity?
The danger of trading ETRACS Bloomberg Commodity 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 Bloomberg 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 Bloomberg. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ETRACS Bloomberg Com 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 Bloomberg Com offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ETRACS Bloomberg'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 Etracs Bloomberg Commodity Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Etracs Bloomberg Commodity Etf: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ETRACS Bloomberg Commodity. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the ETRACS Bloomberg Com information on this page should be used as a complementary analysis to other ETRACS Bloomberg'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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
The market value of ETRACS Bloomberg Com 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 Bloomberg's value that differs from its market value or its book value, called intrinsic value, which is ETRACS Bloomberg'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 Bloomberg's market value can be influenced by many factors that don't directly affect ETRACS Bloomberg'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 Bloomberg's value and its price as these two are different measures arrived at by different means. Investors typically determine if ETRACS Bloomberg is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETRACS Bloomberg'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.