ETFMG Travel Weighted Average Shares from 2010 to 2024
| AWAY Etf | USD 19.37 0.10 0.51% |
Check ETFMG Travel financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ETFMG main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . ETFMG financial statements analysis is a perfect complement when working with ETFMG Travel Valuation or Volatility modules.
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About ETFMG Travel Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include ETFMG Travel income statement, its balance sheet, and the statement of cash flows. ETFMG Travel investors use historical funamental indicators, such as ETFMG Travel's Weighted Average Shares, to determine how well the company is positioned to perform in the future. Although ETFMG Travel investors may use each financial statement separately, they are all related. The changes in ETFMG Travel's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on ETFMG Travel's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on ETFMG Travel Financial Statements. Understanding these patterns can help to make the right decision on long term investment in ETFMG Travel. Please read more on our technical analysis and fundamental analysis pages.
The fund invests at least 80 percent of its total assets, exclusive of collateral held from securities lending, in the component securities of the index and in ADRs and GDRs based on the component securities in the index. Etfmg Travel is traded on NYSEARCA Exchange in the United States.
Pair Trading with ETFMG Travel
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 ETFMG Travel 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 ETFMG Travel will appreciate offsetting losses from the drop in the long position's value.Moving together with ETFMG Etf
| 0.68 | XLY | Consumer Discretionary | PairCorr |
| 0.76 | VCR | Vanguard Consumer | PairCorr |
| 0.87 | ITB | iShares Home Construction | PairCorr |
| 0.76 | FDIS | Fidelity MSCI Consumer | PairCorr |
| 0.91 | XHB | SPDR SP Homebuilders | PairCorr |
Moving against ETFMG Etf
| 0.7 | HUM | Humana Inc Earnings Call This Week | PairCorr |
| 0.66 | RCD | Invesco Symbol Change | PairCorr |
The ability to find closely correlated positions to ETFMG Travel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ETFMG Travel 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 ETFMG Travel - 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 ETFMG Travel Tech to buy it.
The correlation of ETFMG Travel 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 ETFMG Travel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ETFMG Travel Tech 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 ETFMG Travel 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.Check out the analysis of ETFMG Travel Correlation against competitors. Note that the ETFMG Travel Tech information on this page should be used as a complementary analysis to other ETFMG Travel's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
The market value of ETFMG Travel Tech is measured differently than its book value, which is the value of ETFMG that is recorded on the company's balance sheet. Investors also form their own opinion of ETFMG Travel's value that differs from its market value or its book value, called intrinsic value, which is ETFMG Travel'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 ETFMG Travel's market value can be influenced by many factors that don't directly affect ETFMG Travel'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 ETFMG Travel's value and its price as these two are different measures arrived at by different means. Investors typically determine if ETFMG Travel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETFMG Travel'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.