Financial Select Price to Sales vs. Ten Year Return
| XLF Etf | USD 41.13 0.26 0.64% |
For Financial Select profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Financial Select to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Financial Select Sector utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Financial Select's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Financial Select Sector over time as well as its relative position and ranking within its peers.
Financial |
The market value of Financial Select Sector is measured differently than its book value, which is the value of Financial that is recorded on the company's balance sheet. Investors also form their own opinion of Financial Select's value that differs from its market value or its book value, called intrinsic value, which is Financial Select'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 Financial Select's market value can be influenced by many factors that don't directly affect Financial Select'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 Financial Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Financial Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Financial Select'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.
Financial Select Sector Ten Year Return vs. Price to Sales Fundamental Analysis
Financial Ten Year Return vs. Price to Sales
Financial Select | = | null |
Ten Year Return shows the total annualized return generated from holding a fund for the last 10 years and represents fund's capital appreciation, including dividends losses and capital gains distributions. This return indicator is considered by many investors to be the ultimate measures of fund performance and can reflect the overall performance of the market or market segment it invests in.
Financial Select |
| = | 8.30 % |
Although Ten Year Fund Return indicator can give a sense of overall fund long-term potential, it is recommended to compare funds performances against other similar funds or market benchmarks for the same 10-year interval.
Financial Ten Year Return Comparison
Financial Select is currently under evaluation in ten year return as compared to similar ETFs.
Use Financial Select 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 Financial Select 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 Financial Select will appreciate offsetting losses from the drop in the long position's value.Financial Select Pair Trading
Financial Select Sector Pair Trading Analysis
The ability to find closely correlated positions to Financial Select could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Financial Select 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 Financial Select - 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 Financial Select Sector to buy it.
The correlation of Financial Select 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 Financial Select moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Financial Select 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 Financial Select 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 Financial Select position
In addition to having Financial Select 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 Materials ETFs Thematic Idea Now
Materials ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Materials ETFs theme has 47 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 Materials ETFs Theme or any other thematic opportunities.
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Check out Your Current Watchlist. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
To fully project Financial Select's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Financial Select 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 Financial Select's income statement, its balance sheet, and the statement of cash flows.