(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 and , the 3-month outlook for MAGX can be analyzed as follows:

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

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
What is the price of MAGX stocks?
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%.
Is Roundhill Daily 2X Long a good stock to buy?
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%.
Is MAGX a buy, sell or hold?
Roundhill Daily 2X Long has no consensus analysts rating.
What are the forecast for MAGX stock price target?
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%