Flaherty Price to Earnings Ratio from 2010 to 2024
| DFP Etf | USD 20.59 0.18 0.88% |
Check Flaherty financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Flaherty's main balance sheet or income statement drivers, such as , as well as many indicators such as . Flaherty financial statements analysis is a perfect complement when working with Flaherty Valuation or Volatility modules.
Flaherty |
About Flaherty Financial Statements
Flaherty shareholders use historical fundamental indicators, such as Price to Earnings Ratio, to determine how well the company is positioned to perform in the future. Although Flaherty investors may analyze each financial statement separately, they are all interrelated. The changes in Flaherty's assets and liabilities, for example, are also reflected in the revenues and expenses on on Flaherty's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Flaherty Crumrine Dynamic Preferred and Income Fund Inc. is a closed ended balanced mutual fund launched and managed by Flaherty Crumrine Incorporated. The fund invests in the public equity and fixed income markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in investment grade securities consisting of preferred securities and other income-producing securities issued by companies which include traditional preferred stock, trust preferred securities, hybrid securities that have characteristics of equity and debt securities, convertible securities, subordinated debt, and senior debt. Flaherty Crumrine Dynamic Preferred and Income Fund Inc. was formed on May 23, 2013 and is domiciled in the United States.
Pair Trading with Flaherty
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 Flaherty 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 Flaherty will appreciate offsetting losses from the drop in the long position's value.Moving against Flaherty Etf
| 0.44 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.42 | DPST | Direxion Daily Regional | PairCorr |
| 0.4 | CONL | GraniteShares ETF Trust | PairCorr |
| 0.38 | BITX | Volatility Shares Trust | PairCorr |
| 0.36 | BTC | Grayscale Bitcoin Mini | PairCorr |
The ability to find closely correlated positions to Flaherty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Flaherty 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 Flaherty - 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 Flaherty and Crumrine to buy it.
The correlation of Flaherty 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 Flaherty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Flaherty and Crumrine 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 Flaherty 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.Other Information on Investing in Flaherty Etf
Flaherty financial ratios help investors to determine whether Flaherty Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Flaherty with respect to the benefits of owning Flaherty security.