ALD Three Year Return vs. Five Year Return
Based on the measurements of profitability obtained from ALD's financial statements, ALD may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in May. Profitability indicators assess ALD's ability to earn profits and add value for shareholders.
Check out Trending Equities 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 bureau of economic analysis.
For ALD profitability analysis, we use financial ratios and fundamental drivers that measure the ability of ALD to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well ALD utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between ALD's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of ALD over time as well as its relative position and ranking within its peers.
ALD |
The market value of ALD is measured differently than its book value, which is the value of ALD that is recorded on the company's balance sheet. Investors also form their own opinion of ALD's value that differs from its market value or its book value, called intrinsic value, which is ALD'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 ALD's market value can be influenced by many factors that don't directly affect ALD'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 ALD's value and its price as these two are different measures arrived at by different means. Investors typically determine if ALD is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ALD'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.
ALD Five Year Return vs. Three Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining ALD's current stock value. Our valuation model uses many indicators to compare ALD value to that of its competitors to determine the firm's financial worth. ALD is second largest ETF in three year return as compared to similar ETFs. It is the top ETF in five year return as compared to similar ETFs reporting about 0.15 of Five Year Return per Three Year Return. The ratio of Three Year Return to Five Year Return for ALD is roughly 6.61 . Comparative valuation analysis is a catch-all model that can be used if you cannot value ALD by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for ALD's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the ALD's earnings, one of the primary drivers of an investment's value.ALD Five Year Return vs. Three Year Return
Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
ALD |
| = | 3.04 % |
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
ALD |
| = | 0.46 % |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
ALD Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in ALD, profitability is also one of the essential criteria for including it into their portfolios because, without profit, ALD will eventually generate negative long term returns. The profitability progress is the general direction of ALD's change in net profit over the period of time. It can combine multiple indicators of ALD, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The investment seeks a high level of total return consisting of both income and capital appreciation. WisdomTree Asia is traded on Archipelago Exchange in USA.
ALD Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on ALD. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of ALD position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the ALD's important profitability drivers and their relationship over time.
| Three Year Return vs One Year Return | ||
| Net Asset vs Five Year Return | ||
| Three Year Return vs Last Dividend Paid | ||
| Bond Positions Weight vs Five Year Return |
Use ALD in pair-trading
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 ALD 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 ALD will appreciate offsetting losses from the drop in the long position's value.ALD Pair Trading
ALD Pair Trading Analysis
The ability to find closely correlated positions to Helmerich could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Helmerich 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 Helmerich - 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 Helmerich and Payne to buy it.
The correlation of Helmerich 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 Helmerich moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Helmerich and Payne 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 Helmerich 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.Use Investing Themes to Complement your ALD position
In addition to having ALD in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Utilities ETFs Thematic Idea Now
Utilities ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Utilities ETFs theme has 13 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Utilities ETFs Theme or any other thematic opportunities.
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Other Tools for ALD Etf
When running ALD's price analysis, check to measure ALD'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 ALD is operating at the current time. Most of ALD's value examination focuses on studying past and present price action to predict the probability of ALD's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ALD's price. Additionally, you may evaluate how the addition of ALD to your portfolios can decrease your overall portfolio volatility.
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