Dynamic Active Crossover Etf Current Valuation
| DXO Etf | CAD 19.47 0.03 0.15% |
Valuation analysis of Dynamic Active Crossover helps investors to measure Dynamic Active's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns.
Fairly Valued
Today
Please note that Dynamic Active's price fluctuation is very steady at this time. Calculation of the real value of Dynamic Active Crossover is based on 3 months time horizon. Increasing Dynamic Active's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since Dynamic Active is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Dynamic Etf. However, Dynamic Active's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 19.47 | Real 19.5 | Hype 19.47 | Naive 19.28 |
The intrinsic value of Dynamic Active's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Dynamic Active's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Dynamic Active Crossover helps investors to forecast how Dynamic etf's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Dynamic Active more accurately as focusing exclusively on Dynamic Active's fundamentals will not take into account other important factors: Dynamic Active Crossover ETF Current Valuation Analysis
Dynamic Active's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Dynamic Active Crossover has a Current Valuation of 0.0. This indicator is about the same for the BlackRock Asset Management Canada Ltd average (which is currently at 0.0) family and about the same as High Yield Fixed Income (which currently averages 0.0) category. This indicator is about the same for all Canada etfs average (which is currently at 0.0).
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| All Next | Launch Module |
Dynamic Fundamentals
| Beta | 1.0 | |||
| Total Asset | 26.85 M | |||
| One Year Return | 6.40 % | |||
| Three Year Return | 1.50 % | |||
| Five Year Return | 3.60 % | |||
| Net Asset | 26.85 M | |||
| Last Dividend Paid | 0.057 |
About Dynamic Active Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Dynamic Active Crossover's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Dynamic Active using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Dynamic Active Crossover 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.
Pair Trading with Dynamic Active
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 Dynamic Active 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 Dynamic Active will appreciate offsetting losses from the drop in the long position's value.Moving together with Dynamic Etf
| 0.83 | ZHY | BMO High Yield | PairCorr |
| 0.88 | XSI | iShares Short Term | PairCorr |
| 0.65 | PBD | Purpose Total Return | PairCorr |
The ability to find closely correlated positions to Dynamic Active could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dynamic Active 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 Dynamic Active - 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 Dynamic Active Crossover to buy it.
The correlation of Dynamic Active 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 Dynamic Active moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dynamic Active Crossover 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 Dynamic Active 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 Dynamic Etf
Dynamic Active financial ratios help investors to determine whether Dynamic 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 Dynamic with respect to the benefits of owning Dynamic Active security.