Enact Holdings Revenue vs. Equity Positions Weight
| ACT Etf | USD 31.51 0.02 0.06% |
For Enact Holdings profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Enact Holdings to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Enact Holdings utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Enact Holdings's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Enact Holdings over time as well as its relative position and ranking within its peers.
Enact |
The market value of Enact Holdings is measured differently than its book value, which is the value of Enact that is recorded on the company's balance sheet. Investors also form their own opinion of Enact Holdings' value that differs from its market value or its book value, called intrinsic value, which is Enact Holdings' 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 Enact Holdings' market value can be influenced by many factors that don't directly affect Enact Holdings' 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 Enact Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Enact Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enact Holdings' 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.
Enact Holdings Equity Positions Weight vs. Revenue Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Enact Holdings's current stock value. Our valuation model uses many indicators to compare Enact Holdings value to that of its competitors to determine the firm's financial worth. Enact Holdings is third largest ETF in revenue as compared to similar ETFs. It is the top ETF in equity positions weight as compared to similar ETFs . The ratio of Revenue to Equity Positions Weight for Enact Holdings is about 11,604,164 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Enact Holdings by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Enact Holdings' 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 Enact Holdings' earnings, one of the primary drivers of an investment's value.Enact Equity Positions Weight vs. Revenue
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Enact Holdings |
| = | 1.15 B |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
Enact Holdings |
| = | 99.42 % |
Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
Enact Holdings Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Enact Holdings, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Enact Holdings will eventually generate negative long term returns. The profitability progress is the general direction of Enact Holdings' change in net profit over the period of time. It can combine multiple indicators of Enact Holdings, 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.
Enact Holdings, Inc. operates as a private mortgage insurance company in the United States. Enact Holdings is listed under InsuranceSpecialty in the United States and is traded on NASDAQ Exchange exchange.
Enact Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Enact Holdings. 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 Enact Holdings 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 Enact Holdings' important profitability drivers and their relationship over time.
Use Enact Holdings 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 Enact Holdings 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 Enact Holdings will appreciate offsetting losses from the drop in the long position's value.Enact Holdings Pair Trading
Enact Holdings Pair Trading Analysis
The ability to find closely correlated positions to Enact Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enact Holdings 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 Enact Holdings - 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 Enact Holdings to buy it.
The correlation of Enact Holdings 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 Enact Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enact Holdings 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 Enact Holdings 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 Enact Holdings position
In addition to having Enact Holdings 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 Beer and Liquor Thematic Idea Now
Beer and Liquor
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Beer and Liquor theme has 33 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 Beer and Liquor Theme or any other thematic opportunities.
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Check out Trending Equities. For more information on how to buy Enact Etf please use our How to Invest in Enact Holdings guide.Note that the Enact Holdings information on this page should be used as a complementary analysis to other Enact Holdings' 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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
To fully project Enact Holdings' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Enact Holdings 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 Enact Holdings' income statement, its balance sheet, and the statement of cash flows.