Enact Holdings Etf Market Capitalization
| ACT Etf | USD 29.95 0.01 0.03% |
Enact Holdings fundamentals help investors to digest information that contributes to Enact Holdings' financial success or failures. It also enables traders to predict the movement of Enact Etf. The fundamental analysis module provides a way to measure Enact Holdings' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Enact Holdings etf.
Enact |
Enact Holdings ETF Market Capitalization Analysis
Enact Holdings' Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
Current Enact Holdings Market Capitalization | 4.73 B |
Most of Enact Holdings' fundamental indicators, such as Market Capitalization, 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, Enact Holdings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
| Competition |
Based on the recorded statements, the market capitalization of Enact Holdings is about 4.73 B. This is much higher than that of the Insurance family and significantly higher than that of the Financials category. The market capitalization for all United States etfs is notably lower than that of the firm.
Enact Market Capitalization Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Enact Holdings' direct or indirect competition against its Market Capitalization to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Enact Holdings could also be used in its relative valuation, which is a method of valuing Enact Holdings by comparing valuation metrics of similar companies.Enact Holdings is currently under evaluation in market capitalization as compared to similar ETFs.
Fund Asset Allocation for Enact Holdings
The fund invests 99.42% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides Enact Holdings' investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Enact Fundamentals
| Return On Equity | 0.15 | |||
| Return On Asset | 0.0949 | |||
| Profit Margin | 0.58 % | |||
| Operating Margin | 0.72 % | |||
| Current Valuation | 4.89 B | |||
| Shares Outstanding | 158 M | |||
| Shares Owned By Insiders | 81.51 % | |||
| Shares Owned By Institutions | 18.73 % | |||
| Number Of Shares Shorted | 884.25 K | |||
| Price To Earning | 5.66 X | |||
| Price To Book | 1.01 X | |||
| Price To Sales | 4.05 X | |||
| Revenue | 1.15 B | |||
| Gross Profit | 953.38 M | |||
| EBITDA | (51.74 M) | |||
| Net Income | 665.51 M | |||
| Cash And Equivalents | 538.21 M | |||
| Cash Per Share | 3.31 X | |||
| Total Debt | 758.95 M | |||
| Debt To Equity | 0.18 % | |||
| Current Ratio | 0.85 X | |||
| Book Value Per Share | 29.07 X | |||
| Cash Flow From Operations | 632.04 M | |||
| Short Ratio | 4.20 X | |||
| Earnings Per Share | 4.11 X | |||
| Price To Earnings To Growth | 28.85 X | |||
| Target Price | 33.6 | |||
| Number Of Employees | 465 | |||
| Beta | 0.54 | |||
| Market Capitalization | 4.73 B | |||
| Total Asset | 6.22 B | |||
| Retained Earnings | 2.55 B | |||
| Working Capital | 3.36 B | |||
| Current Asset | 11.02 B | |||
| Current Liabilities | 7.66 B | |||
| Annual Yield | 0.02 % | |||
| One Year Return | (6.99) % | |||
| Net Asset | 6.22 B | |||
| Last Dividend Paid | 0.64 | |||
| Equity Positions Weight | 99.42 % |
About Enact Holdings Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Enact Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Enact Holdings using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Enact Holdings based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 Enact Holdings 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, Enact Holdings' short interest history, or implied volatility extrapolated from Enact Holdings options trading.
Pair Trading with Enact Holdings
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.Moving together with Enact Etf
| 0.81 | ESNT | Essent Group Earnings Call This Week | PairCorr |
| 0.68 | AXS | AXIS Capital Holdings | PairCorr |
Moving against Enact Etf
| 0.6 | JRVR | James River Group Earnings Call This Week | PairCorr |
| 0.43 | PPHI | Positive Physicians | PairCorr |
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.Check out Enact Holdings Piotroski F Score and Enact Holdings Altman Z Score analysis. 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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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.