Axonic Etf Profile

AXSAX
 Etf
  

USD 9.04  0.03  0.33%   

Market Performance
0 of 100
Odds Of Distress
Less than 1
Axonic Strategic is trading at 9.04 as of the 8th of August 2022; that is -0.33 percent decrease since the beginning of the trading day. The etf's open price was 9.07. Axonic Strategic has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Axonic Strategic Income are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 18th of August 2020 and ending today, the 8th of August 2022. Click here to learn more.
In pursuing its investment objective, the fund seeks to maximize risk-adjusted total returns by investing primarily in income-producing instruments . Axonic Strategic is traded on NASDAQ Exchange in the United States. More on Axonic Strategic Income

Moving together with Axonic Strategic

0.84HPQHP Inc Fiscal Year End 22nd of November 2022 PairCorr
0.75CSCOCisco Systems Fiscal Year End 17th of August 2022 PairCorr
0.7JPMJP Morgan Chase Fiscal Year End 13th of January 2023 PairCorr

Axonic Strategic 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. If you consider yourself one of those investors, make sure you clearly understand your entering position. Axonic Strategic's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Axonic Strategic or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Axonic Strategic generated a negative expected return over the last 90 days
Axonic Strategic is unlikely to experience financial distress in the next 2 years
On 29th of July 2022 Axonic Strategic paid $ 0.0374 per share dividend to its current shareholders
The fund holds about 35.69% of its assets under management (AUM) in cash
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Axonic Strategic's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellFairly Valued
Startdate30th of December 2019
Last Bear Mkt-8.74%
Two Hundred Day Average9.47
Ytd-3.75%
Convertible Position4.11%
Fifty Two Week Low9.04
Preferred Position2.30%
Last Bull Mkt7.17%
As Of Date28th of July 2022
Other Position-0.32%
Fifty Two Week High9.97
One Month-0.04%
Fifty Day Average9.11
Three Month-1.71%
Axonic Strategic Income [AXSAX] is traded in USA and was established 2020-07-16. The fund is listed under Multisector Bond category and is part of Axonic family. Axonic Strategic Income presently have 1.43 B in assets under management (AUM). , while the total return for the last year was -2.56%.
Check Axonic Strategic Probability Of Bankruptcy

Sector Allocation (%)

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Axonic Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Axonic Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Axonic Strategic Income Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Top Axonic Strategic Income Constituents

Axonic Strategic Target Price Odds Analysis

What are Axonic Strategic's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Axonic Strategic jumping above the current price in 90 days from now is about 75.15%. The Axonic Strategic Income probability density function shows the probability of Axonic Strategic etf to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Axonic Strategic has a beta of 0.0168. This suggests as returns on the market go up, Axonic Strategic average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Axonic Strategic Income will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Axonic Strategic Income is significantly underperforming DOW.
  Odds Below 9.04HorizonTargetOdds Above 9.04
23.64%90 days
 9.04 
75.15%
Based on a normal probability distribution, the odds of Axonic Strategic to move above the current price in 90 days from now is about 75.15 (This Axonic Strategic Income probability density function shows the probability of Axonic Etf to fall within a particular range of prices over 90 days) .

Axonic Strategic Income Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Axonic Strategic market risk premium is the additional return an investor will receive from holding Axonic Strategic 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 Axonic Strategic. 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 Axonic Strategic's alpha and beta are two of the key measurements used to evaluate Axonic Strategic's performance over the market, the standard measures of volatility play an important role as well.

Axonic Strategic Income Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Axonic Strategic Price Ceiling Movement function is a real number to the largest previous price integer.
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Axonic Strategic Against Markets

Picking the right benchmark for Axonic Strategic 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 Axonic Strategic 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 Axonic Strategic is critical whether you are bullish or bearish towards Axonic Strategic Income at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Axonic Strategic without increasing your portfolio risk or giving up 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.

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Invested in Axonic Strategic Income?

You need to understand the risk of investing before taking a position in Axonic Strategic. The danger of trading Axonic Strategic Income 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 Axonic Strategic 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 Axonic Strategic. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Axonic Strategic Income 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.
Please continue to Trending Equities. Note that the Axonic Strategic Income information on this page should be used as a complementary analysis to other Axonic Strategic's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

Complementary Tools for Axonic Etf analysis

When running Axonic Strategic Income price analysis, check to measure Axonic Strategic's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Axonic Strategic is operating at the current time. Most of Axonic Strategic's value examination focuses on studying past and present price action to predict the probability of Axonic Strategic's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Axonic Strategic's price. Additionally, you may evaluate how the addition of Axonic Strategic to your portfolios can decrease your overall portfolio volatility.
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The market value of Axonic Strategic Income is measured differently than its book value, which is the value of Axonic that is recorded on the company's balance sheet. Investors also form their own opinion of Axonic Strategic's value that differs from its market value or its book value, called intrinsic value, which is Axonic Strategic'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 Axonic Strategic's market value can be influenced by many factors that don't directly affect Axonic Strategic'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 Axonic Strategic's value and its price as these two are different measures arrived at by different means. Investors typically determine Axonic Strategic value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Axonic Strategic'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.