Conductor Global Equity Etf Beta
CGV Etf | USD 13.28 0.02 0.15% |
Conductor Global Equity fundamentals help investors to digest information that contributes to Conductor Global's financial success or failures. It also enables traders to predict the movement of Conductor Etf. The fundamental analysis module provides a way to measure Conductor Global's 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 Conductor Global etf.
Conductor |
Conductor Beta Analysis
Conductor Global'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 Conductor Global Beta | 0.61 |
Most of Conductor Global'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, Conductor Global Equity 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.
Competition |
Conductor Global Beta Component Assessment
In accordance with the recently published financial statements, Conductor Global Equity has a Beta of 0.61. This is much higher than that of the Conductor family and significantly higher than that of the Family category. The beta for all United States etfs is notably lower than that of the firm.
Conductor Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Conductor Global's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Conductor Global could also be used in its relative valuation, which is a method of valuing Conductor Global by comparing valuation metrics of similar companies.Conductor Global is currently under evaluation in beta as compared to similar ETFs.
Fund Asset Allocation for Conductor Global
The fund invests 55.51% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides Conductor Global's 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.
As returns on the market increase, Conductor Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Conductor Global is expected to be smaller as well.
Conductor Fundamentals
Return On Asset | 2.36 | |||
Profit Margin | 2.75 % | |||
Operating Margin | 8.71 % | |||
Current Valuation | 5.83 B | |||
Shares Outstanding | 151.98 M | |||
Number Of Shares Shorted | 53.31 K | |||
Price To Earning | 49.67 X | |||
Price To Book | 1.08 X | |||
Price To Sales | 1.36 X | |||
Revenue | 3.11 B | |||
Gross Profit | 496.8 M | |||
EBITDA | 889.99 M | |||
Net Income | 85.4 M | |||
Cash And Equivalents | 337.1 M | |||
Cash Per Share | 2.22 X | |||
Total Debt | 2 B | |||
Debt To Equity | 0.50 % | |||
Current Ratio | 2.01 X | |||
Cash Flow From Operations | 740.88 M | |||
Short Ratio | 4.00 X | |||
Earnings Per Share | 0.55 X | |||
Price To Earnings To Growth | 0.56 X | |||
Number Of Employees | 7.2 K | |||
Beta | 0.61 | |||
Market Capitalization | 4.18 B | |||
Total Asset | 64.07 M | |||
Retained Earnings | 1.16 B | |||
Working Capital | 953 M | |||
Current Asset | 2.12 B | |||
Current Liabilities | 1.16 B | |||
One Year Return | (6.32) % | |||
Three Year Return | 2.15 % | |||
Five Year Return | 0.92 % | |||
Net Asset | 64.07 M | |||
Equity Positions Weight | 55.51 % |
About Conductor Global Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Conductor Global Equity's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Conductor Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Conductor Global Equity 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.The fund seeks to invest under normal circumstances in equity securities that are economically tied to at least three countries . Affinity Conductor is traded on NYSEARCA Exchange in the United States.
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 Conductor Global 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, Conductor Global's short interest history, or implied volatility extrapolated from Conductor Global options trading.
Pair Trading with Conductor Global
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 Conductor Global 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 Conductor Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Conductor Etf
0.89 | FNDC | Schwab Fundamental | PairCorr |
0.79 | AVDV | Avantis International | PairCorr |
0.75 | DLS | WisdomTree International | PairCorr |
0.89 | PDN | Invesco FTSE RAFI | PairCorr |
0.78 | DISV | Dimensional ETF Trust | PairCorr |
The ability to find closely correlated positions to Conductor Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Conductor Global 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 Conductor Global - 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 Conductor Global Equity to buy it.
The correlation of Conductor Global 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 Conductor Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Conductor Global Equity 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 Conductor Global 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 Conductor Global Piotroski F Score and Conductor Global Altman Z Score analysis. Note that the Conductor Global Equity information on this page should be used as a complementary analysis to other Conductor Global'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.
Complementary Tools for Conductor Etf analysis
When running Conductor Global's price analysis, check to measure Conductor Global'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 Conductor Global is operating at the current time. Most of Conductor Global's value examination focuses on studying past and present price action to predict the probability of Conductor Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Conductor Global's price. Additionally, you may evaluate how the addition of Conductor Global to your portfolios can decrease your overall portfolio volatility.
Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
Transaction History View history of all your transactions and understand their impact on performance | |
Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
Content Syndication Quickly integrate customizable finance content to your own investment portal | |
Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
Bonds Directory Find actively traded corporate debentures issued by US companies |
The market value of Conductor Global Equity is measured differently than its book value, which is the value of Conductor that is recorded on the company's balance sheet. Investors also form their own opinion of Conductor Global's value that differs from its market value or its book value, called intrinsic value, which is Conductor Global'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 Conductor Global's market value can be influenced by many factors that don't directly affect Conductor Global'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 Conductor Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Conductor Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Conductor Global'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.