Offers a leveraged exchange-traded fund (ETF) product. Now — the numbers.
An investor who bought at the very peak is down 92% today. The business is the same; what changed most is the price — and the expectations — the market pins on it.
This is a fund, not a company — there are no company accounts here to point to a strength. What it holds is what it is.
This stock swings about 7.8 times as much as the market average. Big rallies — and big drops — can both happen fast.
The stock trades 92% below its five-year peak.
We grade companies — revenue, margins, balance sheets. This is a fund, so there is no report card to give. That is not a low grade; it is a different kind of thing.
One-line summary: a basket, not a business. Judge it by what it holds.