(MAGX) Roundhill Daily 2X Long - Ratings and Ratios
Exchange: NASDAQ • Country: USA • Currency: USD • Type: Etf • • Trading--Leveraged Equity
MAGX: Stocks, Long Term Contracts, Futures, Swap Agreements, Derivatives, Equity
The Roundhill Daily 2X Long Magnificent Seven ETF (NASDAQ:MAGX) is an actively managed exchange-traded fund (ETF) designed to pursue capital appreciation as its primary investment objective. The fund employs a leveraged investment strategy, aiming to deliver twice the daily returns of the Magnificent Seven companies, which are typically high-growth technology firms within the technology sector. To achieve its investment objective, the fund invests in a combination of equity securities and derivatives, such as swap agreements and futures contracts. The ETF is non-diversified, meaning it may concentrate its holdings in a limited number of securities, which can increase risk but also potentially amplify returns.
From a technical perspective, the fund has shown recent trading activity with an average 20-day volume of 98,392 shares, indicating moderate liquidity. The last price of $38.28 reflects current market sentiment, while the SMA (Simple Moving Average) metrics provide insights into its recent performance trends. The SMA 20 of 43.33 and SMA 50 of 45.97 suggest that the fund has been trading below its short-term and medium-term averages, indicating bearish momentum in recent weeks. However, the SMA 200 of 38.16 is slightly below the current price, which may signal potential support at this level. The ATR (Average True Range) of 2.19 highlights the funds volatility, which is typical for leveraged ETFs.
From a fundamental perspective, the fund has an assets under management (AUM) of $64.62 million, which is relatively small compared to other ETFs in the leveraged equity category. This smaller AUM may result in higher trading costs and less liquidity, but it also allows for more agile portfolio management. The funds structure is designed to appeal to investors seeking amplified exposure to the performance of high-growth technology companies, making it a tool for speculative or tactical investments rather than long-term buy-and-hold strategies.
3-Month Forecast
Based on the provided
From a technical standpoint, the funds price action is likely to remain volatile, given its leveraged nature and the ATR of 2.19. The SMA 20 and SMA 50 being above the current price may indicate bearish momentum in the short term, while the SMA 200 being slightly below could act as a support level. If the fund breaks below the SMA 200, it may face further downside pressure. Conversely, if it regains the SMA 50 level, it could signal a potential reversal.
From a fundamental perspective, the performance of the underlying Magnificent Seven companies will be a key driver of MAGXs returns. Market sentiment toward high-growth technology stocks, broader equity market trends, and macroeconomic factors such as interest rates and inflation will also play a significant role. Given its leveraged nature, MAGX is likely to experience exaggerated movements in response to these factors, making it a high-risk, high-reward investment.
Additional Sources for MAGX ETF
Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle
MAGX ETF Overview
Market Cap in USD | 48m |
Category | Trading--Leveraged Equity |
TER | 0.95% |
IPO / Inception | 2024-02-28 |
MAGX ETF Ratings
Growth 5y | 44.9% |
Fundamental | - |
Dividend | 11.4% |
Rel. Strength Industry | 21 |
Analysts | - |
Fair Price Momentum | 28.39 USD |
Fair Price DCF | - |
MAGX Dividends
Dividend Yield 12m | 1.18% |
Yield on Cost 5y | 1.59% |
Annual Growth 5y | -100.00% |
Payout Consistency | 100.0% |
MAGX Growth Ratios
Growth Correlation 3m | -84.9% |
Growth Correlation 12m | 84.6% |
Growth Correlation 5y | 86.1% |
CAGR 5y | 32.05% |
CAGR/Max DD 5y | 0.84 |
Sharpe Ratio 12m | 0.53 |
Alpha | 8.88 |
Beta | 3.06 |
Volatility | 76.23% |
Current Volume | 48.8k |
Average Volume 20d | 88.4k |
As of March 16, 2025, the stock is trading at USD 34.07 with a total of 48,812 shares traded.
Over the past week, the price has changed by -5.99%, over one month by -27.83%, over three months by -34.29% and over the past year by +32.95%.
Partly, yes. Based on ValueRay Analyses, Roundhill Daily 2X Long (NASDAQ:MAGX) is currently (March 2025) ok to buy, but has to be watched. It has a Growth Technical Rating of 44.91 and therefor an somewhat technical positive rating according to historical growth.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of MAGX as of March 2025 is 28.39. This means that MAGX is currently overvalued and has a potential downside of -16.67%.
Roundhill Daily 2X Long has no consensus analysts rating.
According to ValueRays Forecast Model, MAGX Roundhill Daily 2X Long will be worth about 34.1 in March 2026. The stock is currently trading at 34.07. This means that the stock has a potential upside of +0%.
Issuer | Forecast | Upside |
---|---|---|
Wallstreet Target Price | - | - |
Analysts Target Price | - | - |
ValueRay Target Price | 34.1 | 0% |