(VXX) iPath Series SP500 VIX - Ratings and Ratios

The iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) is an exchange-traded note that provides investors with exposure to futures contracts on the CBOE Volatility Index (VIX), rather than direct exposure to the VIX index itself. This means that VXX tracks the performance of VIX futures contracts with specified maturities, making it a volatility-based investment product.

As a trading instrument, VXX is often used by investors to hedge against market volatility or to speculate on future volatility. Its performance is closely tied to the VIX index, which measures the markets expected volatility over the next 30 days. When the VIX index rises, VXX tends to perform well, and when the VIX index falls, VXX tends to underperform.

From a technical analysis perspective, VXX is currently trading below its 20-day and 50-day simple moving averages (SMA), indicating a bearish trend. The stock is facing resistance at $51.8 and $56.0, while support is seen at $43.7. To gauge the volatility of VXX, we can look at its Average True Range (ATR), which is a measure of the stocks price movement over a given period. With an ATR of 1.42, representing a 3.04% daily price range, VXX is exhibiting relatively high volatility.

Some key performance indicators (KPIs) to monitor for VXX include its rolling returns, volatility, and correlation to the underlying VIX index. Investors should also keep an eye on the ETNs assets under management (AUM), which currently stands at $353.73M USD. A declining AUM could indicate decreasing investor interest, while a rising AUM could signal increasing demand. Additionally, investors may want to track the VIX indexs term structure, as it can impact VXXs performance due to the ETNs exposure to VIX futures contracts.