Ishares Gsci Commodity Etf Fundamentals
| COMT Etf | USD 27.66 0.03 0.11% |
iShares GSCI Commodity fundamentals help investors to digest information that contributes to IShares GSCI's financial success or failures. It also enables traders to predict the movement of IShares Etf. The fundamental analysis module provides a way to measure IShares GSCI'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 IShares GSCI etf.
IShares |
iShares GSCI Commodity ETF Beta Analysis
IShares GSCI'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 IShares GSCI Beta | 0.99 |
Most of IShares GSCI'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, iShares GSCI Commodity 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.
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In accordance with the recently published financial statements, iShares GSCI Commodity has a Beta of 0.99. This is much higher than that of the iShares family and significantly higher than that of the Commodities Broad Basket category. The beta for all United States etfs is notably lower than that of the firm.
iShares GSCI Commodity Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining IShares GSCI's current stock value. Our valuation model uses many indicators to compare IShares GSCI value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across IShares GSCI competition to find correlations between indicators driving IShares GSCI's intrinsic value. More Info.iShares GSCI Commodity 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 0.08 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for iShares GSCI Commodity is roughly 13.32 . Comparative valuation analysis is a catch-all model that can be used if you cannot value IShares GSCI by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for IShares GSCI'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 IShares GSCI's earnings, one of the primary drivers of an investment's value.Did you try this?
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Fund Asset Allocation for IShares GSCI
The fund invests most of its asset in various types of exotic instruments. .Asset allocation divides IShares GSCI'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.
IShares GSCI returns are very sensitive to returns on the market. As the market goes up or down, IShares GSCI is expected to follow.
IShares Fundamentals
| Price To Earning | 22.91 X | |||
| Price To Book | 1.72 X | |||
| Price To Sales | 1.29 X | |||
| Earnings Per Share | (1.59) X | |||
| Number Of Employees | 327 | |||
| Beta | 0.99 | |||
| Total Asset | 2.27 B | |||
| One Year Return | 7.40 % | |||
| Three Year Return | 12.20 % | |||
| Five Year Return | 6.30 % | |||
| Net Asset | 2.27 B | |||
| Last Dividend Paid | 0.86 | |||
| Bond Positions Weight | 0.91 % |
About IShares GSCI Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze iShares GSCI Commodity's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of IShares GSCI using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of iShares GSCI Commodity 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.In seeking to achieve its investment objective, the fund may invest in a combination of exchange-traded commodity futures contracts, exchange-traded options on commodity-related futures contracts and exchange-cleared commodity related swaps , thereby obtaining exposure to the commodities markets. Commodities Select is traded on NASDAQ 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 IShares GSCI 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, IShares GSCI's short interest history, or implied volatility extrapolated from IShares GSCI options trading.
Pair Trading with IShares GSCI
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 IShares GSCI 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 IShares GSCI will appreciate offsetting losses from the drop in the long position's value.Moving together with IShares Etf
| 0.99 | PDBC | Invesco Optimum Yield Sell-off Trend | PairCorr |
| 0.99 | FTGC | First Trust Global | PairCorr |
| 0.97 | DBC | Invesco DB Commodity Sell-off Trend | PairCorr |
| 0.99 | GSG | iShares SP GSCI | PairCorr |
The ability to find closely correlated positions to IShares GSCI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares GSCI 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 IShares GSCI - 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 iShares GSCI Commodity to buy it.
The correlation of IShares GSCI 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 IShares GSCI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares GSCI Commodity 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 IShares GSCI 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 IShares GSCI Piotroski F Score and IShares GSCI Altman Z Score analysis. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
The market value of iShares GSCI Commodity is measured differently than its book value, which is the value of IShares that is recorded on the company's balance sheet. Investors also form their own opinion of IShares GSCI's value that differs from its market value or its book value, called intrinsic value, which is IShares GSCI'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 IShares GSCI's market value can be influenced by many factors that don't directly affect IShares GSCI'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 IShares GSCI's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares GSCI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares GSCI'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.