Questrade Russell Selected Fundamentals

Questrade Russell 1000 Equal Weight US Technology Index ETF Hedged to CAD -- Canada ETF  

CAD 28.23  0.17  0.61%

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Price to Book Analysis

Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is accounting value of assets minus liabilities.
Questrade Russell 
P/B 
 = 
MV Per Share 
BV Per Share 
 = 
2.85 times

About Price to Book

Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Compare to competition
Based on latest financial disclosure the price to book indicator of Questrade Russell 1000 Equal Weight US Technology Index ETF Hedged to CAD is roughly 2.85 times. This is 47.67% higher than that of the Questrade Wealth Management Inc. sector, and significantly higher than that of Price to Book industry, The Price to Book for all etfs is 193.81% lower than the firm.

Questrade Russell 1000 Fundamental Drivers Relationships

Questrade Russell 1000 Equal Weight US Technology Index ETF Hedged to CAD cannot be rated in Price to Book category at this point. It cannot be rated in Price to Sales category at this point. fabricating about  0.56  of Price to Sales per Price to Book. The ratio of Price to Book to Price to Sales for Questrade Russell 1000 Equal Weight US Technology Index ETF Hedged to CAD is roughly  1.79 

Peer Comparison

Questrade Russell Price to Sales Comparison
Questrade Russell cannot be rated in Price to Sales category at this point.

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Asset Allocation

Fund Instrument Allocation for Questrade Russell
The fund invests 49.49% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.
 Value 
      Instrument Type 

Fundamental Indicators

Current Questrade Russell financial ratios