CMD Financial Statements From 2010 to 2024
CMD financial statements provide useful quarterly and yearly information to potential CMD investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on CMD financial statements helps investors assess CMD's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting CMD's valuation are summarized below:CMD does not right now have any fundamental signals for analysis.
This module can also supplement various CMD Technical models . 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 population.
Check CMD financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CMD main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . CMD financial statements analysis is a perfect complement when working with CMD Valuation or Volatility modules.
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CMD ETF Beta Analysis
CMD's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current CMD Beta | 1.55 |
Most of CMD's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, CMD is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
CompetitionIn accordance with the recently published financial statements, CMD has a Beta of 1.55. This is much higher than that of the ProShares family and significantly higher than that of the Trading--Inverse Commodities category. The beta for all United States etfs is notably lower than that of the firm.
CMD Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining CMD's current stock value. Our valuation model uses many indicators to compare CMD value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across CMD competition to find correlations between indicators driving CMD's intrinsic value. More Info.CMD is the top ETF in price to earning as compared to similar ETFs. It is the top ETF in price to book as compared to similar ETFs fabricating about 0.06 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for CMD is roughly 17.41 . Comparative valuation analysis is a catch-all model that can be used if you cannot value CMD by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for CMD'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 CMD's earnings, one of the primary drivers of an investment's value.Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards CMD in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, CMD's short interest history, or implied volatility extrapolated from CMD options trading.
Pair Trading with CMD
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 CMD 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 CMD will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Microsoft could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microsoft 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 Microsoft - 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 Microsoft to buy it.
The correlation of Microsoft 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 Microsoft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microsoft 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 Microsoft 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 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 population. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Other Tools for CMD Etf
When running CMD's price analysis, check to measure CMD'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 CMD is operating at the current time. Most of CMD's value examination focuses on studying past and present price action to predict the probability of CMD's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CMD's price. Additionally, you may evaluate how the addition of CMD to your portfolios can decrease your overall portfolio volatility.
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