ALPS Emerging Price to Sales vs. Three Year Return
| EDOG Etf | USD 20.55 0.04 0.19% |
For ALPS Emerging profitability analysis, we use financial ratios and fundamental drivers that measure the ability of ALPS Emerging to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well ALPS Emerging Sector utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between ALPS Emerging's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of ALPS Emerging Sector over time as well as its relative position and ranking within its peers.
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The market value of ALPS Emerging Sector is measured differently than its book value, which is the value of ALPS that is recorded on the company's balance sheet. Investors also form their own opinion of ALPS Emerging's value that differs from its market value or its book value, called intrinsic value, which is ALPS Emerging'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 ALPS Emerging's market value can be influenced by many factors that don't directly affect ALPS Emerging'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 ALPS Emerging's value and its price as these two are different measures arrived at by different means. Investors typically determine if ALPS Emerging is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ALPS Emerging'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.
ALPS Emerging Sector Three Year Return vs. Price to Sales Fundamental Analysis
ALPS Three Year Return vs. Price to Sales
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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.
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| = | 1.70 % |
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.
ALPS Three Year Return Comparison
ALPS Emerging is currently under evaluation in three year return as compared to similar ETFs.
Use ALPS Emerging 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 ALPS Emerging 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 ALPS Emerging will appreciate offsetting losses from the drop in the long position's value.ALPS Emerging Pair Trading
ALPS Emerging Sector Pair Trading Analysis
The ability to find closely correlated positions to ALPS Emerging could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ALPS Emerging 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 ALPS Emerging - 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 ALPS Emerging Sector to buy it.
The correlation of ALPS Emerging 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 ALPS Emerging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ALPS Emerging Sector 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 ALPS Emerging 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 ALPS Emerging position
In addition to having ALPS Emerging 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 Office Supplies Thematic Idea Now
Office Supplies
Companies producing and selling office supplies, and accessories. The Office Supplies theme has 43 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 Office Supplies Theme or any other thematic opportunities.
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Check out Investing Opportunities. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
To fully project ALPS Emerging's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of ALPS Emerging Sector at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include ALPS Emerging's income statement, its balance sheet, and the statement of cash flows.