Tune Etf Profile
TUNE is trading at 19.92 as of the 28th of April 2024, a No Change since the beginning of the trading day. The etf's lowest day price was 19.92. Equity ratings for TUNE are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of March 2024 and ending today, the 28th of April 2024. Click here to learn more.
TUNE 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. TUNE's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding TUNE or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO - Focusrite Novation Inc | Phillip Wagner |
| Old Name | Tidal Trust II |
| Business Concentration | Other, Other (View all Sectors) |
| Name | Tidal Trust II |
| Currency Code | USD |
| C I K | 1.11 Million |
| 50 Day M A | 19.3462 |
| Code | TUNE |
| Country Name | USA |
| Open Figi | BBG01H30YXL4 |
| C U S I P | 59514P109 |
| Home Category | Domestic |
| 200 Day M A | 19.7942 |
| Updated At | 4th of July 2023 |
| Currency Name | US Dollar |
| Type | Common Stock |
| I P O Date | 22nd of June 2023 |
| Is Delisted | false |
TUNE [TUNE] is traded in USA and was established null. The fund is not categorized under any group at this time. The fund at this time have in assets.
TUNE currently holds about 32.29 M in cash with 2.81 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.038.
Check TUNE Probability Of Bankruptcy
TUNE Target Price Odds Analysis
What are TUNE's target price odds to finish over the current price? Based on a normal probability distribution, the odds of TUNE jumping above the current price in 90 days from now is about 15.45%. The TUNE probability density function shows the probability of TUNE etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days TUNE has a beta of -0.0033. This usually implies as returns on the benchmark increase, returns on holding TUNE are expected to decrease at a much lower rate. During a bear market, however, TUNE is likely to outperform the market. Additionally, tUNE 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 TUNE to move above the current price in 90 days from now is about 15.45 (This TUNE probability density function shows the probability of TUNE Etf to fall within a particular range of prices over 90 days) .
TUNE Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. TUNE market risk premium is the additional return an investor will receive from holding TUNE 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 TUNE. 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 TUNE's alpha and beta are two of the key measurements used to evaluate TUNE's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.7332 | |||
| Standard Deviation | 1.08 | |||
| Variance | 1.17 | |||
| Risk Adjusted Performance | 0.0036 |
TUNE Against Markets
Picking the right benchmark for TUNE 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 TUNE 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 TUNE is critical whether you are bullish or bearish towards TUNE at a given time. Please also check how TUNE's historical prices are related to one of the top price index indicators.
TUNE Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with TUNE etf to make a market-neutral strategy. Peer analysis of TUNE could also be used in its relative valuation, which is a method of valuing TUNE by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
How to buy TUNE Etf?
Before investing in TUNE, 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 TUNE. To buy TUNE etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of TUNE. 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 TUNE etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located TUNE 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 TUNE 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 TUNE, 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.
Already Invested in TUNE?
The danger of trading TUNE 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 TUNE 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 TUNE. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile TUNE 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 TUNE is a strong investment it is important to analyze TUNE'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 TUNE's future performance. For an informed investment choice regarding TUNE Etf, refer to the following important reports: Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. 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 TUNE is measured differently than its book value, which is the value of TUNE that is recorded on the company's balance sheet. Investors also form their own opinion of TUNE's value that differs from its market value or its book value, called intrinsic value, which is TUNE'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 TUNE's market value can be influenced by many factors that don't directly affect TUNE'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 TUNE's value and its price as these two are different measures arrived at by different means. Investors typically determine if TUNE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TUNE'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.