Roundhill Daily 2x Etf Market Value
| MAGX Etf | 43.00 0.41 0.96% |
| Symbol | Roundhill |
The market value of Roundhill Daily 2X is measured differently than its book value, which is the value of Roundhill that is recorded on the company's balance sheet. Investors also form their own opinion of Roundhill Daily's value that differs from its market value or its book value, called intrinsic value, which is Roundhill Daily'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 Roundhill Daily's market value can be influenced by many factors that don't directly affect Roundhill Daily'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 Roundhill Daily's value and its price as these two are different measures arrived at by different means. Investors typically determine if Roundhill Daily is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Roundhill Daily'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.
Roundhill Daily 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Roundhill Daily's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Roundhill Daily.
| 04/07/2025 |
| 07/06/2025 |
If you would invest 0.00 in Roundhill Daily on April 7, 2025 and sell it all today you would earn a total of 0.00 from holding Roundhill Daily 2X or generate 0.0% return on investment in Roundhill Daily over 90 days. Roundhill Daily is related to or competes with IShares Dividend, Martin Currie, AdvisorShares Gerber, Roundhill Ball, Global X, Democracy International, and IShares ESG. Roundhill Daily is entity of United States More
Roundhill Daily Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Roundhill Daily's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Roundhill Daily 2X upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.92 | |||
| Information Ratio | 0.0929 | |||
| Maximum Drawdown | 38.64 | |||
| Value At Risk | (8.91) | |||
| Potential Upside | 7.25 |
Roundhill Daily Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Roundhill Daily's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Roundhill Daily's standard deviation. In reality, there are many statistical measures that can use Roundhill Daily historical prices to predict the future Roundhill Daily's volatility.| Risk Adjusted Performance | 0.1913 | |||
| Jensen Alpha | 0.318 | |||
| Total Risk Alpha | 0.2719 | |||
| Sortino Ratio | 0.1053 | |||
| Treynor Ratio | 0.209 |
Roundhill Daily 2X Backtested Returns
Roundhill Daily appears to be not too volatile, given 3 months investment horizon. Roundhill Daily 2X maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the entity had a 0.19 % return per unit of risk over the last 3 months. By analyzing Roundhill Daily's technical indicators, you can evaluate if the expected return of 0.97% is justified by implied risk. Please evaluate Roundhill Daily's Coefficient Of Variation of 885.28, semi deviation of 4.44, and Risk Adjusted Performance of 0.1913 to confirm if our risk estimates are consistent with your expectations. The etf holds a Beta of 2.96, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Roundhill Daily will likely underperform.
Auto-correlation | 0.88 |
Very good predictability
Roundhill Daily 2X has very good predictability. Overlapping area represents the amount of predictability between Roundhill Daily time series from 7th of April 2025 to 22nd of May 2025 and 22nd of May 2025 to 6th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Roundhill Daily 2X price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Roundhill Daily price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 2.75 |
Roundhill Daily 2X lagged returns against current returns
Autocorrelation, which is Roundhill Daily etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Roundhill Daily's etf expected returns. We can calculate the autocorrelation of Roundhill Daily returns to help us make a trade decision. For example, suppose you find that Roundhill Daily has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Roundhill Daily regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Roundhill Daily etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Roundhill Daily etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Roundhill Daily etf over time.
Current vs Lagged Prices |
| Timeline |
Roundhill Daily Lagged Returns
When evaluating Roundhill Daily's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Roundhill Daily etf have on its future price. Roundhill Daily autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Roundhill Daily autocorrelation shows the relationship between Roundhill Daily etf current value and its past values and can show if there is a momentum factor associated with investing in Roundhill Daily 2X.
Regressed Prices |
| Timeline |
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Check out Roundhill Daily Correlation, Roundhill Daily Volatility and Roundhill Daily Alpha and Beta module to complement your research on Roundhill Daily. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Roundhill Daily technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.