Ext Etf Fundamentals
EXT fundamentals help investors to digest information that contributes to EXT's financial success or failures. It also enables traders to predict the movement of EXT Etf. The fundamental analysis module provides a way to measure EXT'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 EXT etf.
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EXT ETF Price To Earning Analysis
EXT's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current EXT Price To Earning | 17.12 X |
Most of EXT's fundamental indicators, such as Price To Earning, 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, EXT is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
CompetitionBased on the latest financial disclosure, EXT has a Price To Earning of 17.12 times. This is much higher than that of the WisdomTree family and significantly higher than that of the Price To Earning category. The price to earning for all United States etfs is notably lower than that of the firm.
EXT Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining EXT's current stock value. Our valuation model uses many indicators to compare EXT value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across EXT competition to find correlations between indicators driving EXT's intrinsic value. More Info.EXT is one of the top ETFs in price to earning as compared to similar ETFs. It is rated below average in price to book as compared to similar ETFs fabricating about 0.13 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for EXT is roughly 7.41 . Comparative valuation analysis is a catch-all model that can be used if you cannot value EXT by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for EXT'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 EXT's earnings, one of the primary drivers of an investment's value.EXT Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses EXT's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of EXT could also be used in its relative valuation, which is a method of valuing EXT by comparing valuation metrics of similar companies.EXT is currently under evaluation in price to earning as compared to similar ETFs.
Fund Asset Allocation for EXT
The fund invests 100.0% of asset under management in tradable equity instruments, with the rest of investments concentrated in .Asset allocation divides EXT'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.
EXT Fundamentals
| Price To Earning | 17.12 X | |||
| Price To Book | 2.31 X | |||
| Price To Sales | 1.47 X | |||
| Total Asset | 86.77 M | |||
| One Year Return | 4.24 % | |||
| Three Year Return | 7.33 % | |||
| Five Year Return | 4.09 % | |||
| Ten Year Return | 11.72 % | |||
| Net Asset | 86.77 M | |||
| Last Dividend Paid | 0.34 | |||
| Equity Positions Weight | 100.00 % |
Pair Trading with EXT
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 EXT 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 EXT will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Unum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Unum 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 Unum - 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 Unum Group to buy it.
The correlation of Unum 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 Unum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Unum Group 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 Unum 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 Investing Opportunities 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 interest. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Other Tools for EXT Etf
When running EXT's price analysis, check to measure EXT'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 EXT is operating at the current time. Most of EXT's value examination focuses on studying past and present price action to predict the probability of EXT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EXT's price. Additionally, you may evaluate how the addition of EXT to your portfolios can decrease your overall portfolio volatility.
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