(TSLT) T-REX 2X Long Tesla Daily - Ratings and Ratios
Swap Agreements, Tesla Stocks, Leveraged Equity
Description: TSLT T-REX 2X Long Tesla Daily
The T-REX2X Long Tesla Daily Target ETF (NASDAQ:TSLT) is a non-diversified, leveraged equity ETF that provides 200% daily exposure to Tesla (TSLA) through swap agreements with major global financial institutions. This means that the fund aims to return twice the daily performance of TSLA, making it a high-risk, high-reward investment.
To achieve its objective, the fund invests at least 80% of its net assets in swap agreements that track TSLAs daily performance. The use of leverage and derivatives makes TSLT sensitive to market volatility, and its value can fluctuate rapidly. With an Assets Under Management (AUM) of $402.78 million, TSLT has a moderate size, which may impact its liquidity and trading costs.
From a trading perspective, TSLTs high leverage and daily reset mechanism make it more suitable for short-term trading strategies rather than long-term investments. Key Performance Indicators (KPIs) to monitor for TSLT include its daily tracking error, premium/discount to NAV, and trading volume. A high tracking error or persistent premium/discount may indicate inefficiencies in the funds management or market conditions. Additionally, traders should be aware of the funds decay or compounding effect over time, which can erode returns due to the daily reset mechanism.
To evaluate TSLTs performance, one can analyze its returns relative to TSLA, as well as its volatility and drawdowns. A comparison with other leveraged ETFs or TSLA derivatives can also provide insights into its relative value and risk profile. By closely monitoring these KPIs and market conditions, traders can make more informed decisions when trading TSLT.
TSLT ETF Overview
| Market Cap in USD | 345m |
| Category | Trading--Leveraged Equity |
| TER | 1.05% |
| IPO / Inception | 2023-10-18 |
TSLT ETF Ratings
| Growth Rating | 21.7% |
| Fundamental | - |
| Dividend Rating | - |
| Return 12m vs S&P 500 | 52.5% |
| Analyst Rating | - |
TSLT Dividends
Currently no dividends paidTSLT Growth Ratios
| Growth Correlation 3m | 46% |
| Growth Correlation 12m | -25.1% |
| Growth Correlation 5y | 12.4% |
| CAGR 5y | 13.74% |
| CAGR/Max DD 3y | 0.17 |
| CAGR/Mean DD 3y | 0.26 |
| Sharpe Ratio 12m | -0.18 |
| Alpha | 0.03 |
| Beta | 0.948 |
| Volatility | 109.13% |
| Current Volume | 5906.5k |
| Average Volume 20d | 4368.7k |
| Stop Loss | 24.5 (-6.1%) |
| Signal | 0.00 |
What is the price of TSLT shares?
Over the past week, the price has changed by +45.81%, over one month by +53.62%, over three months by +48.38% and over the past year by +81.00%.
Is T-REX 2X Long Tesla Daily a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of TSLT is around 21.20 USD . This means that TSLT is currently overvalued and has a potential downside of -18.77%.
Is TSLT a buy, sell or hold?
What are the forecasts/targets for the TSLT price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 23.9 | -8.6% |
Last update: 2025-09-06 04:50
TSLT Fundamental Data Overview
CCE Cash And Equivalents = unknown
Revenue TTM is 0, using Net Income TTM 0.0 + Cost of Revenue 0.0 = 0.0 USD
Beta = 0.0
Revenue TTM = 0.0 USD
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 344.8m USD (344.8m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
FCF Yield = none (FCF TTM 0.0 / Enterprise Value 344.8m)
FCF Margin = unknown (Revenue TTM is 0)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 344.8m / Book Value Of Equity 0.0)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default)
NOPAT = 0.0 (EBIT 0.0, no tax applied on loss)
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown Debt (none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = none (Debt none / FCF TTM 0.0)
Total Stockholder Equity = unknown
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity none)
RoCE = unknown (Ebit 0.0 / (Equity none + L.T.Debt none))
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, Ebit 0.0)
WACC = unknown (E(344.8m)/V(0.0) * Re(9.50%)) + (D(none)/V(0.0) * Rd(0.0%) * (1-Tc(0.21)))
Discount Rate = 9.50% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)
Additional Sources for TSLT ETF
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle