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Do Up and Down Order in Asset Price Matter for 2X or 3X Bull ETFs?

This post tackles the problem if there are fixed number of ups and downs with a magnitute of 1% in asset prices, whether leveraged ETFs are more dangerous?. This simulator shows a random order of fixed number of ups and donws of 2% for 2x bull and 3% for 3x bull.

Percent Change in 1x bull asset:

Number of Ups: Number of Downs
t 1x return 1x price 2x price 3x price
0 0 100 100 100
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