Sofi Select 500 Etf Beta

SFY Etf  USD 18.59  0.16  0.87%   
SoFi Select 500 fundamentals help investors to digest information that contributes to SoFi Select's financial success or failures. It also enables traders to predict the movement of SoFi Etf. The fundamental analysis module provides a way to measure SoFi Select'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 SoFi Select etf.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

SoFi Beta Analysis

SoFi Select'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.

Beta

 = 

Covariance

Variance

More About Beta | All Equity Analysis

Current SoFi Select Beta

    
  1.06  
Most of SoFi Select'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, SoFi Select 500 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

SoFi Select Beta Component Assessment

In accordance with the recently published financial statements, SoFi Select 500 has a Beta of 1.06. This is much higher than that of the SoFi family and significantly higher than that of the Large Growth category. The beta for all United States etfs is notably lower than that of the firm.

SoFi Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses SoFi Select'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 SoFi Select could also be used in its relative valuation, which is a method of valuing SoFi Select by comparing valuation metrics of similar companies.
SoFi Select is currently under evaluation in beta as compared to similar ETFs.

Fund Asset Allocation for SoFi Select

The fund invests 99.69% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.
Asset allocation divides SoFi Select'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.
SoFi Select returns are very sensitive to returns on the market. As the market goes up or down, SoFi Select is expected to follow.

SoFi Fundamentals

About SoFi Select Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze SoFi Select 500's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of SoFi Select using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of SoFi Select 500 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.
Under normal circumstances, at least 80 percent of the funds total assets will be invested in the component securities of the index. Sofi Select is traded on NYSEARCA Exchange in the United States.

Currently Active Assets on Macroaxis

When determining whether SoFi Select 500 offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SoFi Select's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sofi Select 500 Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Sofi Select 500 Etf:
Check out SoFi Select Piotroski F Score and SoFi Select Altman Z Score analysis.
Note that the SoFi Select 500 information on this page should be used as a complementary analysis to other SoFi Select'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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for SoFi Etf analysis

When running SoFi Select's price analysis, check to measure SoFi Select'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 SoFi Select is operating at the current time. Most of SoFi Select's value examination focuses on studying past and present price action to predict the probability of SoFi Select's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SoFi Select's price. Additionally, you may evaluate how the addition of SoFi Select to your portfolios can decrease your overall portfolio volatility.
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Investing Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Sectors
List of equity sectors categorizing publicly traded companies based on their primary business activities
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
ETFs
Find actively traded Exchange Traded Funds (ETF) from around the world
Piotroski F Score
Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
Global Correlations
Find global opportunities by holding instruments from different markets
Bonds Directory
Find actively traded corporate debentures issued by US companies
Top Crypto Exchanges
Search and analyze digital assets across top global cryptocurrency exchanges
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
The market value of SoFi Select 500 is measured differently than its book value, which is the value of SoFi that is recorded on the company's balance sheet. Investors also form their own opinion of SoFi Select's value that differs from its market value or its book value, called intrinsic value, which is SoFi Select'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 SoFi Select's market value can be influenced by many factors that don't directly affect SoFi Select'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 SoFi Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if SoFi Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SoFi Select'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.