IDLB One Year Return vs. Price to Book
| IDLB Etf | USD 24.08 0.00 0.00% |
For IDLB profitability analysis, we use financial ratios and fundamental drivers that measure the ability of IDLB to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well IDLB utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between IDLB's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of IDLB over time as well as its relative position and ranking within its peers.
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The market value of IDLB is measured differently than its book value, which is the value of IDLB that is recorded on the company's balance sheet. Investors also form their own opinion of IDLB's value that differs from its market value or its book value, called intrinsic value, which is IDLB'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 IDLB's market value can be influenced by many factors that don't directly affect IDLB'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 IDLB's value and its price as these two are different measures arrived at by different means. Investors typically determine if IDLB is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IDLB'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.
IDLB Price to Book vs. One Year Return Fundamental Analysis
IDLB Price to Book vs. One Year Return
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
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| = | (27.10) % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
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Use IDLB in pair-trading
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 IDLB 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 IDLB will appreciate offsetting losses from the drop in the long position's value.IDLB Pair Trading
IDLB Pair Trading Analysis
The ability to find closely correlated positions to IDLB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IDLB 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 IDLB - 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 IDLB to buy it.
The correlation of IDLB 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 IDLB moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IDLB 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 IDLB 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.Use Investing Themes to Complement your IDLB position
In addition to having IDLB in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Almost Nothing Thematic Idea Now
Almost Nothing
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Almost Nothing theme has 21 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Almost Nothing Theme or any other thematic opportunities.
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Check out Risk vs Return Analysis 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 bureau of economic analysis. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
To fully project IDLB's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of IDLB at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include IDLB's income statement, its balance sheet, and the statement of cash flows.