Macquarie ETF Financial Statements From 2010 to 2024
| PWER Etf | 29.64 0.33 1.13% |
Check Macquarie ETF financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Macquarie ETF's main balance sheet or income statement drivers, such as , as well as many indicators such as . Macquarie financial statements analysis is a perfect complement when working with Macquarie ETF Valuation or Volatility modules.
Macquarie |
Macquarie ETF Trust ETF Price To Earning Analysis
Macquarie ETF'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 Macquarie ETF Price To Earning | 22.62 X |
Most of Macquarie ETF'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, Macquarie ETF Trust 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.
| Competition |
Based on the latest financial disclosure, Macquarie ETF Trust has a Price To Earning of 22.62 times. This is much higher than that of the Other family and significantly higher than that of the Equity Energy category. The price to earning for all United States etfs is notably lower than that of the firm.
About Macquarie ETF Financial Statements
Macquarie ETF shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Macquarie ETF investors may analyze each financial statement separately, they are all interrelated. The changes in Macquarie ETF's assets and liabilities, for example, are also reflected in the revenues and expenses on on Macquarie ETF's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
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Pair Trading with Macquarie ETF
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 Macquarie ETF 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 Macquarie ETF will appreciate offsetting losses from the drop in the long position's value.Moving together with Macquarie Etf
| 0.74 | XLE | Energy Select Sector | PairCorr |
| 0.75 | VDE | Vanguard Energy Index | PairCorr |
| 0.7 | XOP | SPDR SP Oil | PairCorr |
| 0.61 | OIH | VanEck Oil Services | PairCorr |
| 0.74 | IYE | iShares Energy ETF | PairCorr |
The ability to find closely correlated positions to Macquarie ETF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Macquarie ETF 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 Macquarie ETF - 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 Macquarie ETF Trust to buy it.
The correlation of Macquarie ETF 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 Macquarie ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Macquarie ETF Trust 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 Macquarie ETF 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 the analysis of Macquarie ETF Correlation against competitors. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
The market value of Macquarie ETF Trust is measured differently than its book value, which is the value of Macquarie that is recorded on the company's balance sheet. Investors also form their own opinion of Macquarie ETF's value that differs from its market value or its book value, called intrinsic value, which is Macquarie ETF'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 Macquarie ETF's market value can be influenced by many factors that don't directly affect Macquarie ETF'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 Macquarie ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Macquarie ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Macquarie ETF'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.