Consumer Discretionary Select Etf Net Asset

XLY Etf  USD 183.89  0.57  0.31%   
Consumer Discretionary Select fundamentals help investors to digest information that contributes to Consumer Discretionary's financial success or failures. It also enables traders to predict the movement of Consumer Etf. The fundamental analysis module provides a way to measure Consumer Discretionary's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Consumer Discretionary etf.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Consumer Net Asset Analysis

Consumer Discretionary's 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.

Net Asset

 = 

Current Market Value

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Current Liabilities

More About Net Asset | All Equity Analysis

Current Consumer Discretionary Net Asset

    
  14.17 B  
Most of Consumer Discretionary's 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, Consumer Discretionary Select 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

Consumer Discretionary Net Asset Component Assessment

Based on the recorded statements, Consumer Discretionary Select has a Net Asset of 14.17 B. This is 56.36% lower than that of the Category family and 103.0% higher than that of the Consumer Cyclical category. The net asset for all United States etfs is significantly lower than that of the firm.

Consumer Net Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Consumer Discretionary's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Consumer Discretionary could also be used in its relative valuation, which is a method of valuing Consumer Discretionary by comparing valuation metrics of similar companies.
Consumer Discretionary is currently under evaluation in net asset as compared to similar ETFs.

Fund Asset Allocation for Consumer Discretionary

The fund invests 99.88% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.
Asset allocation divides Consumer Discretionary's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.

Consumer Fundamentals

About Consumer Discretionary Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Consumer Discretionary Select's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Consumer Discretionary using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Consumer Discretionary Select based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
The fund generally invests substantially all, but at least 95, of its total assets in the securities comprising the index. SP 500 is traded on NYSEARCA Exchange in the United States.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Consumer Discretionary offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Consumer Discretionary's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Consumer Discretionary Select Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Consumer Discretionary Select Etf:
Check out Consumer Discretionary Piotroski F Score and Consumer Discretionary Altman Z Score analysis.
You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

Complementary Tools for Consumer Etf analysis

When running Consumer Discretionary's price analysis, check to measure Consumer Discretionary's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Consumer Discretionary is operating at the current time. Most of Consumer Discretionary's value examination focuses on studying past and present price action to predict the probability of Consumer Discretionary's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Consumer Discretionary's price. Additionally, you may evaluate how the addition of Consumer Discretionary to your portfolios can decrease your overall portfolio volatility.
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The market value of Consumer Discretionary is measured differently than its book value, which is the value of Consumer that is recorded on the company's balance sheet. Investors also form their own opinion of Consumer Discretionary's value that differs from its market value or its book value, called intrinsic value, which is Consumer Discretionary'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 Consumer Discretionary's market value can be influenced by many factors that don't directly affect Consumer Discretionary'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 Consumer Discretionary's value and its price as these two are different measures arrived at by different means. Investors typically determine if Consumer Discretionary is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Consumer Discretionary'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.