Madison Covered Financial Statements From 2010 to 2024
| MCN Etf | USD 7.07 0.01 0.14% |
Market Capitalization 162.8 M |
Check Madison Covered financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Madison Covered's main balance sheet or income statement drivers, such as , as well as many indicators such as . Madison financial statements analysis is a perfect complement when working with Madison Covered Valuation or Volatility modules.
Madison |
Madison Covered Call ETF Price To Book Analysis
Madison Covered's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current Madison Covered Price To Book | 1.04 X |
Most of Madison Covered's fundamental indicators, such as Price To Book, 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, Madison Covered Call is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
| Competition |
Based on the latest financial disclosure, Madison Covered Call has a Price To Book of 1.04 times. This is much higher than that of the Financial Services family and significantly higher than that of the Asset Management category. The price to book for all United States etfs is notably lower than that of the firm.
Madison Covered Call Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Madison Covered's current stock value. Our valuation model uses many indicators to compare Madison Covered value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Madison Covered competition to find correlations between indicators driving Madison Covered's intrinsic value. More Info.Madison Covered Call is rated below average in price to earning as compared to similar ETFs. It is regarded second largest ETF in price to book as compared to similar ETFs fabricating about 0.06 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Madison Covered Call is roughly 15.41 . 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 Madison Covered's earnings, one of the primary drivers of an investment's value.About Madison Covered Financial Statements
Madison Covered investors utilize fundamental indicators, such as revenue or net income, to predict how Madison Etf might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Madison Covered Call Equity Strategy Fund is a closed-ended equity mutual fund launched by Madison Investment Holdings, Inc. It is managed by Madison Asset Management, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in reasonably priced growth stocks of large and mid-cap companies. It also writes covered call options to make its investments. The fund employs fundamental analysis with a bottom-up stock picking approach, focusing on such factors as PEG ratios , financial strength, and industry leadership to create its portfolio. It benchmarks the performance of its portfolio against the CBOE SP 500 BuyWrite Index. The fund conducts in-house research to make its investments. It was formerly known as MadisonClaymore Covered Call Equity Strategy Fund. Madison Covered Call Equity Strategy Fund was formed on May 6, 2004 and is domiciled in the United States.
Pair Trading with Madison Covered
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 Madison Covered 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 Madison Covered will appreciate offsetting losses from the drop in the long position's value.Moving together with Madison Etf
Moving against Madison Etf
| 0.51 | XHLF | Bondbloxx ETF Trust | PairCorr |
| 0.5 | GLD | SPDR Gold Shares | PairCorr |
| 0.47 | EOS | Eaton Vance Enhanced | PairCorr |
| 0.4 | TGRW | T Rowe Price | PairCorr |
| 0.33 | BTC | Grayscale Bitcoin Mini | PairCorr |
The ability to find closely correlated positions to Madison Covered could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Madison Covered 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 Madison Covered - 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 Madison Covered Call to buy it.
The correlation of Madison Covered 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 Madison Covered moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Madison Covered Call 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 Madison Covered 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 Madison Etf
Madison Covered financial ratios help investors to determine whether Madison 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 Madison with respect to the benefits of owning Madison Covered security.