CDX 📈 Simplify Exchange Traded - Overview
Exchange: NYSE ARCA • Country: USA • Currency: USD • Type: Etf • ISIN: US82889N8305 • High Yield Bond
CDX: High Yield Bonds, Credit Hedge Derivatives, Exchange Traded Funds
The adviser seeks to achieve the fund's investment objective by investing in high yield bonds also known as 'junk bonds' primarily by purchasing exchange traded funds and applying a credit hedge derivatives strategy to the fund's investments. Under normal circumstances, the fund will invest at least 80% of its net assets in high yield securities. The fund may invest up to 20% of its portfolio in derivatives.
Additional Sources for CDX ETF
News:
Wall Street Journal
Benzinga
Yahoo Finance
Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle
Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle
CDX ETF Overview
| Market Cap in USD | 124m |
| Category | High Yield Bond |
| TER | 0.26% |
| IPO / Inception | 2022-02-14 |
CDX ETF Ratings
| Growth 5y | 45.7% |
| Fundamental | - |
| Dividend | 51.7% |
| Rel. Strength Industry | 217 |
| Analysts | - |
| Fair Price Momentum | 22.47 USD |
| Fair Price DCF | - |
CDX Dividends
| Dividend Yield 12m | 8.19% |
| Yield on Cost 5y | 9.21% |
| Annual Growth 5y | -13.56% |
| Payout Consistency | 90.3% |
CDX Growth Ratios
| Growth Correlation 3m | -24.6% |
| Growth Correlation 12m | 91.9% |
| Growth Correlation 5y | 82.9% |
| CAGR 5y | 4.16% |
| CAGR/Mean DD 5y | 1.00 |
| Sharpe Ratio 12m | 0.52 |
| Alpha | -4.08 |
| Beta | 0.33 |
| Volatility | 8.42% |
| Current Volume | 25k |
| Average Volume 20d | 21.1k |
What is the price of CDX stocks?
As of December 27, 2024, the stock is trading at USD 21.97 with a total of 24,978 shares traded.
Over the past week, the price has changed by +1.15%, over one month by -1.00%, over three months by -1.00% and over the past year by +8.70%.
As of December 27, 2024, the stock is trading at USD 21.97 with a total of 24,978 shares traded.
Over the past week, the price has changed by +1.15%, over one month by -1.00%, over three months by -1.00% and over the past year by +8.70%.
Is Simplify Exchange Traded a good stock to buy?
Partly, yes. Based on ValueRay Analyses, Simplify Exchange Traded (NYSE ARCA:CDX) is currently (December 2024) ok to buy, but has to be watched. It has a Growth Technical Rating of 45.68 and therefor an somewhat technical positive rating according to historical growth.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of CDX as of December 2024 is 22.47. This means that CDX is currently overvalued and has a potential downside of 2.28%.
Partly, yes. Based on ValueRay Analyses, Simplify Exchange Traded (NYSE ARCA:CDX) is currently (December 2024) ok to buy, but has to be watched. It has a Growth Technical Rating of 45.68 and therefor an somewhat technical positive rating according to historical growth.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of CDX as of December 2024 is 22.47. This means that CDX is currently overvalued and has a potential downside of 2.28%.
Is CDX a buy, sell or hold?
Simplify Exchange Traded has no consensus analysts rating.
Simplify Exchange Traded has no consensus analysts rating.
What are the forecast for CDX stock price target?
According to ValueRays Forecast Model, CDX Simplify Exchange Traded will be worth about 24.5 in December 2025. The stock is currently trading at 21.97. This means that the stock has a potential upside of +11.33%.
According to ValueRays Forecast Model, CDX Simplify Exchange Traded will be worth about 24.5 in December 2025. The stock is currently trading at 21.97. This means that the stock has a potential upside of +11.33%.
| Issuer | Forecast | Upside |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 24.5 | 11.3% |