Etracs 2x Leveraged Etf EBITDA
| USML Etf | USD 41.76 0.64 1.51% |
Fundamental analysis of ETRACS 2x allows traders to better anticipate movements in ETRACS 2x's stock price by examining its financial health and performance throughout various phases of its business cycle.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. ETRACS 2x Leveraged ETF EBITDA Analysis
ETRACS 2x's EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
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According to the company disclosure, ETRACS 2x Leveraged reported earnings before interest,tax, depreciation and amortization of 0.0. This indicator is about the same for the UBS average (which is currently at 0.0) family and about the same as Trading--Leveraged Equity (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
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ETRACS Fundamentals
| Beta | 1.29 | |||
| Total Asset | 36.02 M | |||
| One Year Return | 1.60 % | |||
| Three Year Return | 10.30 % | |||
| Net Asset | 36.02 M |
About ETRACS 2x Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ETRACS 2x Leveraged's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ETRACS 2x using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ETRACS 2x Leveraged 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.
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Try AI Portfolio ProphetCheck out ETRACS 2x Piotroski F Score and ETRACS 2x Altman Z Score analysis. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
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.