Principal Etf Profile
Equity ratings for Principal are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of May 2022 and ending today, the 23rd of April 2024. Click here to learn more.
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RefreshPrincipal Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Principal's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Principal or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Idea | Millennials Best (View all Themes) |
| Old Name | Principal Millennials ETF |
| Business Concentration | Millennials Best, Global Large-Stock Growth, Principal Funds (View all Sectors) |
| Country Name | USA |
| Returns Y T D | 4.8 |
| Name | Principal Millennials ETF |
| Currency Code | USD |
| Open Figi | BBG00DM1BKC4 |
| In Threey Volatility | 23.81 |
| 1y Volatility | 28.33 |
| 200 Day M A | 41.9615 |
| 50 Day M A | 40.4716 |
| Code | GENY |
| Updated At | 22nd of November 2023 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.15) |
| Type | ETF |
Principal [GENY] is traded in USA and was established 2016-08-19. The fund is listed under Global Large-Stock Growth category and is part of Principal Funds family. The entity is thematically classified as Millennials Best. Principal currently have 20.38 M in assets under management (AUM). , while the total return for the last 3 years was -5.9%.
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Top Principal Etf Constituents
| SPOT | Spotify Technology SA | Stock | Communication Services |
| IAC | IAC Inc | Stock | Communication Services |
| ATVI | Activision Blizzard | Stock | Communication Services |
| NTES | NetEase | Stock | Communication Services |
| NFLX | Netflix | Stock | Communication Services |
| AAPL | Apple Inc | Stock | Information Technology |
| PYPL | PayPal Holdings | Stock | Financials |
Principal Against Markets
Picking the right benchmark for Principal etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Principal etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Principal is critical whether you are bullish or bearish towards Principal at a given time. Please also check how Principal's historical prices are related to one of the top price index indicators.
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Principal Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Principal etf to make a market-neutral strategy. Peer analysis of Principal could also be used in its relative valuation, which is a method of valuing Principal by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
How to buy Principal Etf?
Before investing in Principal, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Principal. To buy Principal etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Principal. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Principal etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Principal etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Principal etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Principal, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Principal?
The danger of trading Principal is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Principal is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Principal. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Principal is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Principal is a strong investment it is important to analyze Principal's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Principal's future performance. For an informed investment choice regarding Principal Etf, refer to the following important reports: Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
The market value of Principal is measured differently than its book value, which is the value of Principal that is recorded on the company's balance sheet. Investors also form their own opinion of Principal's value that differs from its market value or its book value, called intrinsic value, which is Principal's 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 Principal's market value can be influenced by many factors that don't directly affect Principal's 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 Principal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Principal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Principal's 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.