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Asset Summary

No data available for Daily Sep 17, 2024, .

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

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Frequently Asked Questions

Factors influencing SDOW’s performance include changes in the DJIA, market conditions, and the effectiveness of the fund’s leveraged strategy. The daily rebalancing and effects of compounding can lead to performance deviations over longer periods.

SDOW typically distributes dividends on a quarterly basis. These dividends come from the income generated by the fund’s holdings and derivatives.

Risks include high volatility and potential for significant losses if the DJIA rises. Due to its leveraged inverse nature, SDOW can experience large swings in value, and its performance over longer periods may not precisely reflect three times the inverse of the DJIA's performance due to compounding effects.

SDOW aims to provide three times the inverse of the DJIA's daily performance. On a daily basis, if the DJIA decreases by 1%, SDOW aims to increase by 3%. Due to daily rebalancing and the effects of compounding, performance over periods longer than one day may differ significantly from three times the inverse of the DJIA's performance.

Historical performance data for SDOW can be reviewed on financial platforms and includes past returns and NAV. It's important to evaluate the ETF’s performance with an understanding of its daily leveraged inverse exposure and compounding effects.

SDOW adjusts its holdings and leverage daily to achieve its goal of providing three times the inverse daily performance of the DJIA. Any changes in the index’s composition are reflected in the fund’s adjustments to maintain the targeted leverage exposure.

SDOW has an expense ratio of approximately 0.95%. This fee covers management costs and operational expenses associated with running the ETF.

SDOW specifically targets three times the inverse daily performance of the DJIA. Other leveraged inverse ETFs may focus on different indices or leverage levels. For instance, SQQQ provides three times the inverse of the Nasdaq-100 Index, while SH offers a single inverse of the S&P 500 Index.

Key performance metrics for SDOW include its net asset value (NAV), expense ratio, total return, and tracking error. NAV indicates the per-share value of the ETF, the expense ratio reflects the cost of managing the fund, total return shows income and capital gains, and tracking error measures deviation from the fund’s target performance.

Yes, SDOW can be held in retirement accounts such as IRAs or 401(k)s. However, due to its high-risk and leveraged nature, it is important to assess whether it aligns with your long-term investment strategy and risk tolerance.

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Disclaimers

The information displayed on this site is sourced from third-party providers and is believed to be reliable. RankMyTrade (RMT) has not independently verified this data and does not guarantee its accuracy. The information and calculations provided by RankMyTrade are for educational and informational purposes only and should not be construed as financial or investment advice.

With any investment, your capital is at risk. The value of your portfolio go down as well as up. Past performance is no guarantee of future results. By using this website, you accept our Terms of Service, Privacy Policy, and Payment Agreement.

Market data is provided in near real-time when available, but we do not guarantee its accuracy or timeliness.

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