에 대한 최신 뉴스 Cambria Tail Risk ETF (BATS:TAIL)

Cambria Tail Risk ETF

The Fund is actively managed and seeks to achieve its investment objective by investing in cash and U.S. government bonds and utilizing a put option strategy to manage the risk of a significant negative movement in the value of domestic equities commonly referred to as tail risk over rolling one-month periods. To hedge against sharp declines in the U.S. stock market, each month, the Fund purchases U.S. exchange-listed protective out of the money put options on U.S. stock indices.

First American Treasury Obligations Fund

Black,Swan,Event.,Concept.,This,Is,A,Term,Used,To

Equities

Specialty ETFs

Hedge Funds

Markets

ETFs

TAIL

UVXY

억만장자 투자자 마크 스피츠나겔(Mark Spitznagel)이 이끄는 유니버사 인베스트먼트(Universa Investments) 헤지펀드는 2020년 초 COVID-19 시장 폭락 동안 단 한 분기 만에 4,144%의 수익률을 기록했다. 그가 어떻게 그렇게 했는지 살펴보겠다.

&#39;블랙 스완&#39; 헤지 펀드, 코로나19 시장 대폭락 중 4,000% 이익 기록: 이것이 그들의 비결

Tailwind International Acquisition Corp Class A

Tailwind International Acquisition Corp Warrants (01/03/2028)

Looking into the current session, Alexandria Real Estate Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARE#NYSE">ARE</a>) shares are trading at $98.67, after a 0.28% spike. Moreover, over the past month, the stock increased by 2.64%, but in the past year, fell by 23.92%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2025/1742412619_0.png" alt="Past Year Chart" />

<h3>Alexandria Real Estate P/E Ratio Analysis in Relation to Industry Peers</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Alexandria Real Estate has a lower P/E than the aggregate P/E of 134.11 of the Helath Care REITs industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1742412619_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

News

Intraday Update

A Look Into Alexandria Real Estate Inc's Price Over Earnings

CODA

CORRECTION: Coda Octopus Group Q1 2025 GAAP EPS $0.08 Misses $0.10 Estimate, Sales $5.21M Miss $6.16M Estimate

<a href="https://www.youtube.com/watch?v=3YawYbsF8go" title="https://www.youtube.com/watch?v=3YawYbsF8go">https://www.youtube.com/watch?v=3YawYbsF8go</a>

Macro Economic Events

Economics

Federal Reserve

Fed Chair Powell Says We'd Look Carefully At Allowing MBS To Roll Off Even After Stop Shrinking Total Balance Sheet; TGA Flows Got Us Thinking About This; Slowing Balance Sheet Reduction Was Provoked By TGA, But It Fits In Nicely With Principles And Plans; Pretty Strong Support For Balance Sheet Decision

Fed Chair Powell Says If The Soft Data Affects The Hard Data We Will Know It Very Quickly, But We Don't See That Yet; I Don't See A Reason To Think We Are Looking At A Replay Of The 70s; Inflation Is Still Running In The 2s, With A Pickup From Tariffs; Fed Staff Has A Placeholder Forecast On Effect Of Tariffs; On Balance Sheet We Looked At Pausing, And At Slowing; People Came To Be Strongly In Favor Of Slowing Balance Sheet Shrinkage

Billionaire Elon Musk <a href="https://www.benzinga.com/news/23/04/31810229/elon-musk-bought-twitter-1-year-ago-a-look-back-at-whats-happened-since-and-what-could-be-next">paid $44 billion </a>to acquire social media platform Twitter, which he later rebranded to X.
The valuation of the platform <a href="https://www.benzinga.com/24/12/42271676/fidelity-raises-valuation-of-elon-musks-x-but-its-still-worth-72-less-than-his-buyout-price">has declined sharply</a> since the 2022 purchase with Fidelity marking the value down by 72% as of December.
A new report shows a secondary deal for the company has pushed its valuation back to where Musk took the company private.
What Happened: X is once again worth $44 billion, a valuation that comes with Musk sharing improving financials for the company and advertisers like Apple and Amazon.com returning to<a href="https://www.benzinga.com/general/social-media/25/01/43373012/elon-musk-bringing-advertisers-back-to-x-amazon-boosts-spending-apple-considers-return"> spending on the platform.</a>
A secondary deal completed earlier this month valued the company at $44 billion, according to a new Financial Times <a href="https://www.ft.com/content/d4616dec-c4c7-417f-8549-134710bbc5b1">report</a>.
The report said the social media company could also be raising up to $2 billion in a primary round, looking to pay off some of the company's debt.
Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-03-19/elon-musk-s-x-raises-close-to-1-billion-in-fresh-equity-funding">reported </a>Wednesday that X raised around $1 billion in new equity from investors including Musk, valuing the company at close to what the billionaire originally paid. Darsana Capital Partners, who bought some of X's debt in recent months, participated in the equity round, according to the report.
While X's revenue has dropped since Musk took the company private, a recent report showed an improvement in recent months to revenue and showed that adjusted EBITDA was also improving.
As Benzinga recently reported, large banks that helped finance the Twitter buyout have been stuck holding their debt in the company longer than they typically do on large buyout deals like Musk's. A quick declining value led to bankers seeing lower valuation for their debt and reasons to hold on until things improved.
Lenders sold off their debt recently with values of 90 to 95 cents on the dollar and in some cases at original value, which comes on top of interest payments the banks have already received.
Read Also: <a href="https://www.benzinga.com/general/social-media/25/03/44386585/twitter-blue-bird-logo-from-hq-up-for-auction-heres-how-much-social-media-history-could-set-you-back">Twitter Blue Bird Logo From HQ Up For Auction: Here&#8217;s How Much Social Media History Could Set You Back</a>
Why It's Important: One of the items helping X's valuation is likely the company's stake in artificial intelligence start-up xAI. Musk offered a 25% stake in xAI to investors who helped back the original Twitter purchase.
X is also nearing the launch of X Money, the company's push into digital wallets and peer-to-peer payments as part of Musk's plan to have the company part of an "everything app." Visa Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) was named as the<a href="https://www.benzinga.com/general/social-media/25/01/43277294/visa-stock-moves-higher-as-company-becomes-first-partner-of-musks-xmoney-whats-going-on"> company's first partner </a>for X Money back in January.
In February, <a href="https://www.benzinga.com/25/02/44022369/exclusive-if-x-went-public-today-would-it-be-worth-75-billion-or-less-than-20-billion-poll-says-this-amount">Benzinga asked readers </a>what value they thought was appropriate for X.
&#8220;What do you believe is a fair valuation for X (formerly Twitter)?&#8221; Benzinga asked.
The results were:
<ul>
<li>Less than $20 Billion: 45%</li>
<li>$41-$75 Billion: 24%</li>
<li>Over $75 Billion: 16%</li>
<li>$21-$40 Billion: 15%</li>
</ul>
Nearly half of the voters in the poll said X should be valued at less than $20 billion, which would represent a valuation of less than half of what Musk paid for the company back in 2022.
The next highest vote-getter was the $41 to $75 billion range at 24%. Over $75 billion ranked third at 16%. This means that 40% of voters think X should be valued at $41 billion or more.
While that&#8217;s good news, the majority (60%) see X valuation fairly valued at $40 billion or less today.
Musk&nbsp;<a href="https://www.benzinga.com/m-a/22/10/29334819/elon-musk-sees-long-term-potential-in-twitter-despite-obviously-overpaying-for-it" target="_blank" rel="noreferrer noopener">previously shared optimism&nbsp;</a>for X and its future valuation.
"I see a clear, but difficult, path to a &lt;$250B valuation," he said.
Benzinga readers don&#8217;t see X&#8217;s valuation getting there yet, but perhaps Musk will be proven right someday.
The new valuation for X could boost Musk&#8217;s wealth, which has taken a hit in 2025. Musk is ranked as the world's richest person by <a href="https://www.bloomberg.com/billionaires/?sref=TBDibEcD">Bloomberg </a>with a wealth of $303 billion. Musk has lost $130 billion in wealth in 2025 with shares of Tesla Inc down 38% year-to-date in 2025.
Now Read:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44403637/fed-holds-rates-while-growth-forecasts-slip-inflation-projections-rise">Fed Holds Rates While Growth Forecasts Slip, Inflation Projections Rise</a></li>
</ul>
Image: Shutterstock

Social Media

Termination

Elon Musk Paid High Price For Twitter But After Years Of Declining Value, X Is Once Again Worth $44 Billion

Deep-pocketed investors have adopted a bullish approach towards Five Below (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in FIVE usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 34 extraordinary options activities for Five Below. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 67% leaning bullish and 23% bearish. Among these notable options, 6 are puts, totaling $349,980, and 28 are calls, amounting to $2,113,698.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $55.0 to $100.0 for Five Below over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Five Below's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Five Below's whale trades within a strike price range from $55.0 to $100.0 in the last 30 days. 
<h3>Five Below Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1742411779_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>FIVE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$6.3</td>
<td>$5.9</td>
<td>$6.2</td>
<td>$80.00</td>
<td>$868.0K</td>
<td>2.0K</td>
<td>1.5K</td>
</tr>
<tr>
<td>FIVE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$2.75</td>
<td>$2.6</td>
<td>$2.8</td>
<td>$80.00</td>
<td>$126.0K</td>
<td>491</td>
<td>790</td>
</tr>
<tr>
<td>FIVE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$8.2</td>
<td>$8.1</td>
<td>$8.1</td>
<td>$80.00</td>
<td>$108.5K</td>
<td>503</td>
<td>426</td>
</tr>
<tr>
<td>FIVE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$4.6</td>
<td>$3.7</td>
<td>$4.3</td>
<td>$75.00</td>
<td>$86.0K</td>
<td>407</td>
<td>633</td>
</tr>
<tr>
<td>FIVE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$4.9</td>
<td>$4.6</td>
<td>$4.9</td>
<td>$75.00</td>
<td>$85.2K</td>
<td>407</td>
<td>178</td>
</tr>
</tbody>
</table>

<h3>About Five Below</h3>
Five Below Inc is a specialty value retailer offering merchandise targeted at the tween and teen demographic. The Company's edited assortment of products includes select brands and licensed merchandise.
<h3>Current Position of Five Below</h3>
<ul>
<li>Currently trading with a volume of 1,922,653, the FIVE's price is up by 2.33%, now at $75.63. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 0 days.</li>
</ul>
<h3>Expert Opinions on Five Below</h3>
In the last month, 2 experts released ratings on this stock with an average target price of $80.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Telsey Advisory Group continues to hold a Market Perform rating for Five Below, targeting a price of $85. 
&#x2A; An analyst from Loop Capital persists with their Hold rating on Five Below, maintaining a target price of $75. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Five Below with <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> for real-time alerts.

Options

FIVE

Five Below Options Trading: A Deep Dive into Market Sentiment

Investors with a lot of money to spend have taken a bullish stance on FedEx (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with FDX, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://www.benzinga.com/pro/">Benzinga</a>'s options scanner spotted 17 uncommon options trades for FedEx.
This isn't normal.
The overall sentiment of these big-money traders is split between 41% bullish and 23%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $411,690, and 10 are calls, for a total amount of $540,669.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $200.0 to $280.0 for FedEx during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of FedEx stands at 553.53, with a total volume reaching 944.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in FedEx, situated within the strike price corridor from $200.0 to $280.0, throughout the last 30 days.
<h3>FedEx Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1742411774_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>FDX</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$48.45</td>
<td>$46.55</td>
<td>$47.5</td>
<td>$200.00</td>
<td>$166.2K</td>
<td align="right">303</td>
<td align="right">50</td>
</tr>
<tr>
<td>FDX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$28.65</td>
<td>$27.85</td>
<td>$27.9</td>
<td>$250.00</td>
<td>$139.5K</td>
<td align="right">829</td>
<td align="right">50</td>
</tr>
<tr>
<td>FDX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$28.65</td>
<td>$27.9</td>
<td>$27.55</td>
<td>$250.00</td>
<td>$137.7K</td>
<td align="right">829</td>
<td align="right">100</td>
</tr>
<tr>
<td>FDX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$47.5</td>
<td>$46.55</td>
<td>$47.5</td>
<td>$200.00</td>
<td>$71.2K</td>
<td align="right">303</td>
<td align="right">15</td>
</tr>
<tr>
<td>FDX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$52.4</td>
<td>$50.6</td>
<td>$51.37</td>
<td>$200.00</td>
<td>$51.3K</td>
<td align="right">110</td>
<td align="right">10</td>
</tr>
</tbody>
</table>

<h3>About FedEx</h3>
FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2024, which ended in May, FedEx derived 47% of revenue from its express division, 37% from ground, and 10% from freight, its asset-based less-than-truckload shipping segment. The remainder came from other services, including FedEx Office, which provides document production/shipping, and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016, boosting its presence across Europe. TNT was previously the fourth-largest global parcel delivery provider.
Having examined the options trading patterns of FedEx, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of FedEx</h3>
<ul>
<li>Trading volume stands at 732,936, with FDX's price down by -0.06%, positioned at $245.66.</li>
<li>RSI indicators show the stock to be may be approaching oversold.</li>
<li>Earnings announcement expected in 1 days.</li>
</ul>
<h3>Expert Opinions on FedEx</h3>
4 market experts have recently issued ratings for this stock, with a consensus target price of $305.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from JP Morgan has decided to maintain their Overweight rating on FedEx, which currently sits at a price target of $323. 
&#x2A; Consistent in their evaluation, an analyst from Wells Fargo keeps a Equal-Weight rating on FedEx with a target price of $275. 
&#x2A; An analyst from Citigroup persists with their Buy rating on FedEx, maintaining a target price of $317. 
&#x2A; Reflecting concerns, an analyst from Truist Securities lowers its rating to Buy with a new price target of $305.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest FedEx options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

Unpacking the Latest Options Trading Trends in FedEx

Whales with a lot of money to spend have taken a noticeably bearish stance on Affirm Holdings.
Looking at options history for Affirm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) we detected 22 trades.
If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 68% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $490,300 and 15, calls, for a total amount of $842,709.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $27.5 to $100.0 for Affirm Holdings over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Affirm Holdings's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Affirm Holdings's whale trades within a strike price range from $27.5 to $100.0 in the last 30 days. 
<h3>Affirm Holdings Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1742411768_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AFRM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$3.05</td>
<td>$3.0</td>
<td>$3.05</td>
<td>$27.50</td>
<td>$120.4K</td>
<td>1.7K</td>
<td>1.0K</td>
</tr>
<tr>
<td>AFRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$16.9</td>
<td>$16.85</td>
<td>$16.9</td>
<td>$35.00</td>
<td>$103.0K</td>
<td>61</td>
<td>34</td>
</tr>
<tr>
<td>AFRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$1.04</td>
<td>$1.0</td>
<td>$1.0</td>
<td>$57.50</td>
<td>$100.0K</td>
<td>1.0K</td>
<td>249</td>
</tr>
<tr>
<td>AFRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$19.6</td>
<td>$19.35</td>
<td>$19.4</td>
<td>$27.50</td>
<td>$91.1K</td>
<td>90</td>
<td>56</td>
</tr>
<tr>
<td>AFRM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$0.57</td>
<td>$0.57</td>
<td>$0.57</td>
<td>$37.50</td>
<td>$89.2K</td>
<td>314</td>
<td>1.3K</td>
</tr>
</tbody>
</table>

<h3>About Affirm Holdings</h3>
Affirm Holdings Inc offers a platform for digital and mobile-first commerce. It comprises a point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. The firm generates its revenue from merchant networks, and through virtual card networks among others. Geographically, it generates a majority share of its revenue from the United States.
Following our analysis of the options activities associated with Affirm Holdings, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of Affirm Holdings</h3>
<ul>
<li>With a volume of 6,892,720, the price of AFRM is up 9.79% at $47.98. </li>
<li>RSI indicators hint that the underlying stock may be approaching oversold.</li>
<li>Next earnings are expected to be released in 49 days.</li>
</ul>
<h3>What The Experts Say On Affirm Holdings</h3>
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $56.67.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on Affirm Holdings with a target price of $50. 
&#x2A; An analyst from Goldman Sachs persists with their Buy rating on Affirm Holdings, maintaining a target price of $56. 
&#x2A; In a positive move, an analyst from Compass Point has upgraded their rating to Buy and adjusted the price target to $64. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Affirm Holdings options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

AFRM

A Closer Look at Affirm Holdings's Options Market Dynamics

<a href="https://www.theinformation.com/articles/openais-agents-pose-risks-doordash-consumer-apps" title="https://www.theinformation.com/articles/openais-agents-pose-risks-doordash-consumer-apps">https://www.theinformation.com/articles/openais-agents-pose-risks-doordash-consumer-apps</a>

DASH

MSFT

'OpenAI's 'Agents' Pose Risks To DoorDash, Other Consumer Apps' - The Information

Fed Chair Powell Says We Are At A Place Where We Can Cut, Or Hold At What Is Clearly A Restrictive Stance Of Policy; Asked If Fed Might Cut Rates In May, Says We Are Not Going To Be In Any Hurry To Move On Rate Cuts; Removing 'Roughly In Balance' To Describe Risks From Statement Isn't Meant To Convey A Signal; Policymakers Widely Raised Their Estimates Of The Risks To Fed Goals; Fed Watches For Material Changes To Financial Conditions That Are Persistent; We Want To Focus On The Hard Data

<a href="https://www.adweek.com/media/acxiom-cuts-10-of-workforce-amid-restructuring/" title="https://www.adweek.com/media/acxiom-cuts-10-of-workforce-amid-restructuring/">https://www.adweek.com/media/acxiom-cuts-10-of-workforce-amid-restructuring/</a>

Management

'Acxiom Cuts 10% Of Workforce Amid Restructuring; The Cuts Across Client Services, Financial Analysts, And Strategic Partnerships Come Ahead Of Omnicom's Takeover Of Acxiom Parent IPG' - ADWEEK

Fed Chair Powell Says Tariffs Tend To Bring Growth Down And Inflation Up; I'm Not Dismissing Rise In Short-Term Inflation Expectations, But There's No Story Of An Increase In Long-Term Expectations; No Plan To Taper MBS Runoff, We May Or May Not Stop MBS Runoff, We Haven't Made Any Decisions; We Strongly Desire MBS To Roll Off Fed's Balance Sheet; We'd Look Carefully At Allowing MBS To Roll Off Even After Stop Shrinking Total Balance Sheet

WIIM

BKNG

BURL

EXPE

WRBY

Shares of travel, leisure and retail companies are trading higher amid strength in consumer discretionary stocks following the Fed's decision to leave rates unchanged.

Fed Chair Powell Says If Cut Pace Of Balance Sheet Runoff, Means Will Make Reductions More Slowly, But For Longer; Still Think Reserves Are Abundant; Hard To See Underlying Signal With TGA Going Down;  TGA Is Emptying So Reserves Are Higher So You Can't Seen Underlying Signal; Decision To Slow Balance Sheet Reduction Is Not Sending A Signal; We Said We Will Stop Balance Sheet Shrinkage Somewhat Above Level That Is Ample; We Are Still Far From That , Will Approach That Level More Slowly

Stereotaxis, Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/STXS#AMEX">STXS</a>) shares are moving higher on Wednesday after the company announced it <a href="https://www.benzinga.com//node/44395310">was accepted into</a> the NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) Connect program.
What To Know: Stereotaxis was accepted into the NVIDIA Connect program, which supports member companies with NVIDIA&#8217;s software development resources, frameworks and software development kits.
&#8220;We greatly appreciate the support of NVIDIA in our efforts to pioneer endovascular robotics and take the technology to new incredible heights,&#8221; said David Fischel, Stereotaxis Chairman &amp; CEO. 
The company&#8217;s technology was also highlighted by NVIDIA at its GTC Conference this week in San Jose, California. Specifically, NVIDIA&#8217;s Vice President of Healthcare and Life Sciences pointed out Stereotaxis&#8217; surgical robots and its efforts to incorporate AI into robotics.
See Also: <a href="https://www.benzinga.com/trading-ideas/technicals/25/03/44402886/can-gms-nvidia-powered-ai-push-steer-stock-away-from-looming-death-cross">Can GM&#8217;s Nvidia-Powered AI Push Steer Stock Away From Looming Death Cross?</a>
STXS Price Action: At the time of publication, Stereotaxis stock is trading 11.6% higher at $2.06, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: This illustration was generated using artificial intelligence via Midjourney.

Movers

NVDA

STXS

What's Going On With Stereotaxis Shares Wednesday?

Fed Chair Powell Says Broadly Speaking Forecasts Point To Weaker Growth, Higher Inflation, Which Call For Different Responses, Cancel Each Other Out; Sentiment Has Fallen Off, But Economy Seems To Be Healthy; Drop In Sentiment Is Partly To Do With Big Changes By Administration On Policy; Powell: Some Of Flatlining In Fed Projections For Core Inflation This Year Is From Tariffs; Flows In And Out Of TGA Got Us Thinking About Balance Sheet Reductions; This Was A Good Time To Slow Balance Sheet Shrinkage

Econ #s

Union Pacific And National Conference Of Firemen & Oilers Reach Tentative Agreement Before Current One Expires July 1

Fed Chair Powell Says We Will Know In A Couple Of Months If Higher Goods Inflation In First Two Months Of The Year Was From Tariffs; Looking For Direct Evidence That Particular Pieces Of Inflation Are Caused, Or Not Caused, By Tariffs; Housing Services Inflation Has Been Behaving Well, Moving Down In A Good Way; People Are Unhappy, And They Are Not Wrong, That Prices Went Up Alot

Across the recent three months, 9 analysts have shared their insights on Five9 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>), expressing a variety of opinions spanning from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">4</td>
<td align="right">5</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">3</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $55.0, a high estimate of $65.00, and a low estimate of $46.00. This current average reflects an increase of 5.26% from the previous average price target of $52.25. 
<img src="https://www.benzinga.com/files/images/story/2025/1742410874_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Five9. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Rishi Jaluria</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$65.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Scott Berg</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$52.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Thomas Blakey</td>
<td>Cantor Fitzgerald</td>
<td>Raises</td>
<td>Overweight</td>
<td>$57.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>James Fish</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$53.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>Scott Berg</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$52.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Catharine Trebnick</td>
<td>Rosenblatt</td>
<td>Raises</td>
<td>Buy</td>
<td>$58.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Ryan Macwilliams</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$60.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Scott Berg</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$52.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Thomas Blakey</td>
<td>Cantor Fitzgerald</td>
<td>Announces</td>
<td>Overweight</td>
<td>$46.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Five9. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Five9 compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Five9's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Capture valuable insights into Five9's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/FIVN/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Five9 analyst ratings.</a>
<h2>Discovering Five9: A Closer Look</h2>
Five9 offers cloud-native contact center software enabling digital customer service, sales, and marketing engagement. The company's Virtual Contact Center platform combines core telephony functionality, omnichannel engagement, and various modules into a unified cloud contact-center-as-a-service, or CCaaS, platform. Five9's modules include digital self-service, agent assist technology, workflow automation, as well as workforce optimization solutions that optimize call center efficiency, and manage interaction quality and agent performance.
<h3>Five9's Economic Impact: An Analysis</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Five9's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2024, the company achieved a revenue growth rate of approximately 16.56%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 4.15%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Five9's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 1.95%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Five9's ROA stands out, surpassing industry averages. With an impressive ROA of 0.57%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: With a high debt-to-equity ratio of 1.98, Five9 faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>The Significance of Analyst Ratings Explained</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

FIVN

What 9 Analyst Ratings Have To Say About Five9

4 analysts have expressed a variety of opinions on Dycom Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DY#NYSE">DY</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $211.25, a high estimate of $229.00, and a low estimate of $200.00. This current average represents a 6.11% decrease from the previous average price target of $225.00. 
<img src="https://www.benzinga.com/files/images/story/2025/1742410866_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The analysis of recent analyst actions sheds light on the perception of Dycom Industries by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Alex Rygiel</td>
<td>B. Riley Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$200.00</td>
<td>$234.00</td>
</tr>
<tr>
<td>Jackson Ader</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$201.00</td>
<td>$229.00</td>
</tr>
<tr>
<td>Frank Louthan</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Strong Buy</td>
<td>$215.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>Sangita Jain</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$229.00</td>
<td>$227.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Dycom Industries. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Dycom Industries compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Dycom Industries's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Dycom Industries's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/DY/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Dycom Industries analyst ratings.</a>
<h2>Unveiling the Story Behind Dycom Industries</h2>
Dycom Industries Inc is a provider of specialty contracting services to the telecommunications infrastructure and utility industries throughout the United States. Its operating companies supply telecommunications providers with a comprehensive portfolio of specialty services, including program management; planning; engineering and design; aerial, underground, and wireless construction; maintenance; and fulfillment services and provide underground facility locating services for various utilities, including telecommunications providers, and others. It also provides a range of construction, maintenance, and installation services, including the placement and splicing of fiber, copper, and coaxial cables. It provides services throughout the United States.
<h3>Unraveling the Financial Story of Dycom Industries</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Dycom Industries's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 13.87% as of 31 January, 2025, showcasing a substantial increase in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Dycom Industries's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 3.01%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Dycom Industries's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 2.64%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Dycom Industries's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 1.08%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a high debt-to-equity ratio of 0.85, Dycom Industries faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>Analyst Ratings: Simplified</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Outlook: Dycom Industries Through The Eyes Of 4 Analysts

억만장자 투자자 마크 스피츠나겔(Mark Spitznagel)이 이끄는 유니버사 인베스트먼트(Universa Investments) 헤지펀드는 2020년 초 COVID-19 시장 폭락 동안 단 한 분기 만에 4,144%의 수익률을 기록했다. 그가 어떻게 그렇게 했는지<a href="https://www.benzinga.com/markets/equities/24/07/39870083/black-swan-investor-says-greatest-bubble-in-human-history-is-on-the-verge-of-bursting-calls-stoc"> 살펴</a>보겠다.
알아야 할 사항: 스피츠나겔은 2008년 글로벌 금융위기를 정확히 예측하고 &#8220;블랙 스완&#8221; 사건으로 인한 광범위한 시장 폭락 시에 수익을 내는 전문 투자자로 알려져 있다.
다음 읽기: <a href="https://www.benzinga.com/general/travel/25/03/44359238/severe-storm-system-brings-devastation-at-least-42-dead-power-outages-widespread-damage-reported">심각한 폭풍 시스템으로 인한 참사: 최소 42명 사망, 정전, 광범위한 피해 보고 </a>
스피츠나겔의 유니버사 인베스트먼트 펀드의 COVID-19로 인한 막대한 수익은 고객에게 보낸 편지에서 유출되어 <a href="https://markets.businessinsider.com/news/stocks/black-swan-fund-universa-investments-4000-percent-return-hedging-coronavirus-2020-4-1029076165">비즈니스 인사이더</a>가 확인한 바 있다. 편지에서 스피츠나겔은 펀드가 극단적인 시장 하락으로부터 포트폴리오를 보호하기 위해 사용한 &#8220;테일 리스크 헷징&#8221; 전략을 강조했다. 반면, 넓은 시장과 지수는 급격한 하락을 겪었다.
<h1 class="wp-block-heading">테일 리스크 헤징이란?</h1>
테일 리스크는 확률 분포의 극단적인 사건들이 발생할 위험을 의미한다. 테일 리스크 헤징은 극단적인 시장 하락으로부터 포트폴리오를 보호하기 위한 투자 전략으로, 금융 상품과 전략의 조합을 자주 사용한다.
테일 리스크 헤징 전략은 일반적으로 풋 옵션, 신용 부도 스왑, 변동성 지수 선물, 미국 국채 또는 이들의 조합을 사용한다.
투자자들은 Cambria Tail Risk ETF(BATS:<a class="ticker" href="https://www.benzinga.com/stock/TAIL#BATS">TAIL</a>)를 통해 S&amp;P 500 지수의 아웃 오브 더 머니(OTM) 풋 옵션 포트폴리오와 미국 국채를 보유하여 위험을 완화하는 테일 리스크 헤지를 쉽게 이용할 수 있다.
ProShares Trust Ultra VIX 단기 선물 ETF(BATS:<a class="ticker" href="https://www.benzinga.com/stock/UVXY#BATS">UVXY</a>)는 S&amp;P 500 VIX 단기 선물 지수의 일일 성과에 1.5배 레버리지로 노출되며, 테일 리스크 헤징 전략의 일부가 될 수 있다.
사진: Shutterstock 
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Cambria Tail Risk ETF

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화요일, 3월 18, 2025

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