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3AMZ

$--
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1d
1w
1m

Analysis and statistics

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About

3AMZ.LSE refers to the GraniteShares 3x Long Amazon Daily ETP. It is an exchange-traded product (ETP) listed on the London Stock Exchange (LSE) that aims to provide three times the daily performance of Amazon (AMZN) stock. This means that if Amazon's stock price increases by 1% on a given day, the ETP aims to increase by 3%, and vice versa. However, due to the leverage involved, it's important to note that this product is designed for short-term investment horizons and carries a significant level of risk.
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Factors

Amazon Stock Price: As 3AMZ.LSE tracks Amazon shares, Amazon's performance directly influences its price.

Exchange Rate: Since Amazon trades in USD, GBP/USD fluctuations impact the ETF's value.

Supply and Demand: Increased demand for 3AMZ.LSE pushes its price up, while higher supply lowers it.

Market Sentiment: Overall investor confidence or fear regarding tech stocks affects 3AMZ.LSE.

Management Fees & Expenses: The ETF's operating costs reduce its overall returns, affecting price.

Index Tracking Efficiency: How closely the ETF mirrors Amazon's performance influences its pricing.

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