Principal Quality Etf Price To Earning
| PSET Etf | USD 66.99 0.15 0.22% |
Principal Quality ETF fundamentals help investors to digest information that contributes to Principal Quality's financial success or failures. It also enables traders to predict the movement of Principal Etf. The fundamental analysis module provides a way to measure Principal Quality'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 Principal Quality etf.
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Principal Quality ETF ETF Price To Earning Analysis
Principal Quality'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 Principal Quality Price To Earning | 20.66 X |
Most of Principal Quality'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, Principal Quality ETF 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.
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Based on the latest financial disclosure, Principal Quality ETF has a Price To Earning of 20.66 times. This is much higher than that of the Principal Funds family and significantly higher than that of the Large Blend category. The price to earning for all United States etfs is notably lower than that of the firm.
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Fund Asset Allocation for Principal Quality
The fund invests 99.76% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides Principal Quality'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.
Principal Fundamentals
| Price To Earning | 20.66 X | |||
| Price To Book | 4.38 X | |||
| Price To Sales | 1.98 X | |||
| Number Of Employees | 414 | |||
| Beta | 1.05 | |||
| Total Asset | 31.33 M | |||
| One Year Return | 29.10 % | |||
| Three Year Return | 10.50 % | |||
| Five Year Return | 14.40 % | |||
| Net Asset | 31.33 M | |||
| Last Dividend Paid | 0.11 | |||
| Equity Positions Weight | 99.76 % |
About Principal Quality Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Principal Quality ETF's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Principal Quality using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Principal Quality ETF 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.
Pair Trading with Principal Quality
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 Principal Quality 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 Principal Quality will appreciate offsetting losses from the drop in the long position's value.Moving together with Principal Etf
| 0.84 | VTI | Vanguard Total Stock | PairCorr |
| 0.69 | SPY | SPDR SP 500 Aggressive Push | PairCorr |
| 0.71 | IVV | iShares Core SP | PairCorr |
| 0.81 | VIG | Vanguard Dividend | PairCorr |
| 0.69 | VV | Vanguard Large Cap | PairCorr |
The ability to find closely correlated positions to Principal Quality could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Principal Quality 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 Principal Quality - 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 Principal Quality ETF to buy it.
The correlation of Principal Quality 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 Principal Quality moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Principal Quality ETF 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 Principal Quality 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 Principal Quality Piotroski F Score and Principal Quality Altman Z Score analysis. Note that the Principal Quality ETF information on this page should be used as a complementary analysis to other Principal Quality'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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
The market value of Principal Quality ETF is measured differently than its book value, which is the value of Principal that is recorded on the company's balance sheet. Investors also form their own opinion of Principal Quality's value that differs from its market value or its book value, called intrinsic value, which is Principal Quality'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 Principal Quality's market value can be influenced by many factors that don't directly affect Principal Quality'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 Principal Quality's value and its price as these two are different measures arrived at by different means. Investors typically determine if Principal Quality is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Principal Quality'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.