(APPX) Tradr 2X Long APP Daily - Overview

ETF Category: Trading--Leveraged Equity | Exchange: NASDAQ (USA) | Market Cap: 185m USD | Total Return: 22.6% in 12m

Leveraged Swaps, Financial Derivatives
Total Rating 33
Safety 49
Buy Signal -0.04
Trading--Leveraged Equity
Category Rotation: -5.2
AUM: 185M
Avg Turnover: 34.4M
Risk 3d forecast
Volatility128%
VaR 5th Pctl23.0%
VaR vs Median-0.40%
Reward TTM
Sharpe Ratio0.86
Rel. Str. IBD71.1
Rel. Str. Peer Group41
Character TTM
Beta4.000
Beta Downside4.000
Hurst Exponent0.488
Drawdowns 3y
Max DD82.40%
CAGR/Max DD1.41
CAGR/Mean DD3.16

Warnings

Extended 1w

Tailwinds

No distinct edge detected

Description: APPX Tradr 2X Long APP Daily

The Tradr 2X Long APP Daily ETF (APPX) is a non-diversified leveraged fund designed to provide 200% of the daily price performance of AppLovin Corporation (APP). To achieve this objective, the fund invests at least 80% of its assets in financial instruments, primarily swap agreements with global financial institutions, rather than holding the underlying equity directly.

AppLovin operates within the mobile advertising and software infrastructure sector, providing a platform for developers to market, monetize, and analyze their applications. This business model relies heavily on high-frequency data processing and machine learning algorithms to optimize ad placements in real-time. Because APPX seeks leveraged daily returns, it is subject to compounding effects and volatility decay, making it a tool for short-term tactical trading rather than long-term investment.

For a deeper look into the underlying fundamentals and valuation metrics of the core asset, you can explore the data available on ValueRay.

Headlines to Watch Out For
  • AppLovin quarterly earnings performance dictates underlying asset price movement
  • Mobile advertising market demand shifts impact core software platform revenue
  • Federal Reserve interest rate policy influences high-growth technology sector valuations
  • Daily compounding effects and leverage decay amplify volatility in sideways markets
  • AppLovin strategic shift toward AI-driven recommendation engines drives investor sentiment
What is the price of APPX shares?

As of May 29, 2026, the stock is trading at USD 57.08 with a total of 799,311 shares traded.
Over the past week, the price has changed by +52.17%, over one month by +69.38%, over three months by +65.74% and over the past year by +22.55%.

Is APPX a buy, sell or hold?

Tradr 2X Long APP Daily has no consensus analysts rating.