Microsectors Gold Miners Etf Profile
| GDXU Etf | USD 32.89 5.14 13.52% |
Performance13 of 100
| Odds Of DistressLess than 10
|
MicroSectors Gold is selling for under 32.89 as of the 23rd of April 2024; that is -13.52 percent down since the beginning of the trading day. The etf's last reported lowest price was 32.59. MicroSectors Gold has less than a 10 % chance of experiencing some financial distress in the next two years of operation and had a good performance during the last 90 days. Equity ratings for MicroSectors Gold Miners are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of March 2024 and ending today, the 23rd of April 2024. Click here to learn more.
Microsectors Gold is traded on NYSEARCA Exchange in the United States. More on MicroSectors Gold Miners
Moving together with MicroSectors Etf
| 0.95 | AGQ | ProShares Ultra Silver | PairCorr |
| 0.96 | UGL | ProShares Ultra Gold | PairCorr |
| 0.95 | DGP | DB Gold Double | PairCorr |
MicroSectors 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. MicroSectors Gold's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding MicroSectors Gold 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 | Sector ETFs, Materials ETFs, Trading--Leveraged Commodities, BMO Capital Markets (View all Sectors) |
| Issuer | Bank of Montreal |
| Inception Date | 2020-12-02 |
| Benchmark | S-Network MicroSectors Gold Miners Index |
| Entity Type | Exchange-Traded Note |
| Asset Type | Equity |
| Category | Sector |
| Focus | Materials |
| Market Concentration | Blended Development |
| Region | Global |
| Exchange | NYSE Arca, Inc. |
| Market Maker | IMC |
| Total Expense | 0.95 |
| Management Fee | 0.95 |
| Country Name | USA |
| Returns Y T D | (1.5) |
| Name | MicroSectors Gold Miners 3X Leveraged ETNs |
| Currency Code | USD |
| Open Figi | BBG00Y61T9T4 |
| In Threey Volatility | 103.54 |
| 1y Volatility | 100.07 |
| 200 Day M A | 29.2874 |
| 50 Day M A | 27.4462 |
| Code | GDXU |
| Updated At | 23rd of April 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.06) |
| Type | ETF |
MicroSectors Gold Miners [GDXU] is traded in USA and was established 2020-12-02. The fund is listed under Trading--Leveraged Commodities category and is part of BMO Capital Markets family. The entity is thematically classified as Sector ETFs. MicroSectors Gold Miners currently have 73.6 M in assets under management (AUM). , while the total return for the last 3 years was -45.9%.
Check MicroSectors Gold Probability Of Bankruptcy
Top MicroSectors Gold Miners Etf Constituents
| G2XJ | VanEck Junior Gold | Etf | DE Etf |
| GDX | VanEck Gold Miners | Etf | Equity Global Resources |
MicroSectors Gold Target Price Odds Analysis
Attributed to a normal probability distribution, the odds of MicroSectors Gold jumping above the current price in 90 days from now is about 15.53%. The MicroSectors Gold Miners probability density function shows the probability of MicroSectors Gold 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 4.6448. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, MicroSectors Gold will likely underperform. Additionally, microSectors Gold Miners has an alpha of 0.354, implying that it can generate a 0.35 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of MicroSectors Gold to move above the current price in 90 days from now is about 15.53 (This MicroSectors Gold Miners probability density function shows the probability of MicroSectors Etf to fall within a particular range of prices over 90 days) .
MicroSectors Gold Miners Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. MicroSectors Gold market risk premium is the additional return an investor will receive from holding MicroSectors Gold 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 MicroSectors Gold. 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 MicroSectors Gold's alpha and beta are two of the key measurements used to evaluate MicroSectors Gold's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0827 | |||
| Jensen Alpha | 0.354 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.1106 |
MicroSectors Gold Against Markets
Picking the right benchmark for MicroSectors Gold 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 MicroSectors Gold 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 MicroSectors Gold is critical whether you are bullish or bearish towards MicroSectors Gold Miners at a given time. Please also check how MicroSectors Gold'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 MicroSectors Gold 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?
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How to buy MicroSectors Etf?
Before investing in MicroSectors Gold, 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 MicroSectors Gold. To buy MicroSectors Gold etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of MicroSectors Gold. 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 MicroSectors Gold etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located MicroSectors Gold Miners 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 MicroSectors Gold Miners 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 MicroSectors Gold Miners, 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 MicroSectors Etf please use our How to Invest in MicroSectors Gold guide.
Already Invested in MicroSectors Gold Miners?
The danger of trading MicroSectors Gold Miners 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 MicroSectors Gold 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 MicroSectors Gold. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile MicroSectors Gold Miners 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 MicroSectors Gold Miners is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if MicroSectors Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Microsectors Gold Miners Etf. Highlighted below are key reports to facilitate an investment decision about Microsectors Gold Miners Etf: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in MicroSectors Gold Miners. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
The market value of MicroSectors Gold Miners is measured differently than its book value, which is the value of MicroSectors that is recorded on the company's balance sheet. Investors also form their own opinion of MicroSectors Gold's value that differs from its market value or its book value, called intrinsic value, which is MicroSectors Gold'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 MicroSectors Gold's market value can be influenced by many factors that don't directly affect MicroSectors Gold'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 MicroSectors Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if MicroSectors Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MicroSectors Gold'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.