EA Series Financial Statements From 2010 to 2024
| DRLL Etf | USD 31.12 0.18 0.58% |
Check EA Series financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among DRLL main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . DRLL financial statements analysis is a perfect complement when working with EA Series Valuation or Volatility modules.
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EA Series Trust ETF Net Asset Analysis
EA Series' Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current EA Series Net Asset | 284.27 M |
Most of EA Series' fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, EA Series Trust is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
| Competition |
Based on the recorded statements, EA Series Trust has a Net Asset of 284.27 M. This is much higher than that of the Strive AM family and significantly higher than that of the Equity Energy category. The net asset for all United States etfs is notably lower than that of the firm.
About EA Series Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include EA Series income statement, its balance sheet, and the statement of cash flows. EA Series investors use historical funamental indicators, such as EA Series's revenue or net income, to determine how well the company is positioned to perform in the future. Although EA Series investors may use each financial statement separately, they are all related. The changes in EA Series's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on EA Series's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on EA Series Financial Statements. Understanding these patterns can help to make the right decision on long term investment in EA Series. Please read more on our technical analysis and fundamental analysis pages.
The index is a subset of a float-adjusted capitalization weighted index of equity securities comprising the 1,000 largest companies from the U.S. stock market. Ea Series is traded on NYSEARCA Exchange in the United States.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards EA Series in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, EA Series' short interest history, or implied volatility extrapolated from EA Series options trading.
Pair Trading with EA Series
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if EA Series position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in EA Series will appreciate offsetting losses from the drop in the long position's value.Moving together with DRLL Etf
| 0.99 | XLE | Energy Select Sector Aggressive Push | PairCorr |
| 1.0 | VDE | Vanguard Energy Index | PairCorr |
| 0.99 | XOP | SPDR SP Oil | PairCorr |
| 0.93 | OIH | VanEck Oil Services | PairCorr |
| 1.0 | IYE | iShares Energy ETF | PairCorr |
Moving against DRLL Etf
| 0.84 | HUM | Humana Inc Earnings Call This Week | PairCorr |
| 0.6 | INTC | Intel Financial Report 25th of July 2024 | PairCorr |
| 0.41 | HD | Home Depot Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to EA Series could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EA Series when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back EA Series - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling EA Series Trust to buy it.
The correlation of EA Series is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EA Series moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EA Series Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for EA Series can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of EA Series Correlation against competitors. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
The market value of EA Series Trust is measured differently than its book value, which is the value of DRLL that is recorded on the company's balance sheet. Investors also form their own opinion of EA Series' value that differs from its market value or its book value, called intrinsic value, which is EA Series' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because EA Series' market value can be influenced by many factors that don't directly affect EA Series' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between EA Series' value and its price as these two are different measures arrived at by different means. Investors typically determine if EA Series is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EA Series' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.