Clearshares Ultra Short Maturity Etf Net Asset
| OPER Etf | USD 100.14 0.04 0.04% |
ClearShares Ultra Short Maturity fundamentals help investors to digest information that contributes to ClearShares Ultra's financial success or failures. It also enables traders to predict the movement of ClearShares Etf. The fundamental analysis module provides a way to measure ClearShares Ultra's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ClearShares Ultra etf.
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ClearShares Ultra Short Maturity ETF Net Asset Analysis
ClearShares Ultra's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current ClearShares Ultra Net Asset | 260.42 M |
Most of ClearShares Ultra's fundamental indicators, such as Net Asset, 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, ClearShares Ultra Short Maturity is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
| Competition |
Based on the recorded statements, ClearShares Ultra Short Maturity has a Net Asset of 260.42 M. This is much higher than that of the ClearShares family and significantly higher than that of the Ultrashort Bond category. The net asset for all United States etfs is notably lower than that of the firm.
ClearShares Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ClearShares Ultra's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of ClearShares Ultra could also be used in its relative valuation, which is a method of valuing ClearShares Ultra by comparing valuation metrics of similar companies.ClearShares Ultra is currently under evaluation in net asset as compared to similar ETFs.
ClearShares Fundamentals
| Number Of Employees | 645 | |||
| Total Asset | 260.42 M | |||
| One Year Return | 5.30 % | |||
| Three Year Return | 3.90 % | |||
| Five Year Return | 2.50 % | |||
| Net Asset | 260.42 M | |||
| Last Dividend Paid | 0.04 |
About ClearShares Ultra Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ClearShares Ultra Short Maturity's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ClearShares Ultra using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ClearShares Ultra Short Maturity 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 ClearShares Ultra
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 ClearShares Ultra 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 ClearShares Ultra will appreciate offsetting losses from the drop in the long position's value.Moving together with ClearShares Etf
| 1.0 | BIL | SPDR Bloomberg 1 | PairCorr |
| 1.0 | SHV | iShares Short Treasury | PairCorr |
| 0.96 | JPST | JPMorgan Ultra Short | PairCorr |
| 1.0 | USFR | WisdomTree Floating Rate | PairCorr |
| 0.99 | ICSH | iShares Ultra Short | PairCorr |
Moving against ClearShares Etf
| 0.96 | VIIX | VIIX | PairCorr |
| 0.91 | YCL | ProShares Ultra Yen | PairCorr |
| 0.9 | ULE | ProShares Ultra Euro | PairCorr |
| 0.9 | FXY | Invesco CurrencyShares | PairCorr |
The ability to find closely correlated positions to ClearShares Ultra could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ClearShares Ultra 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 ClearShares Ultra - 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 ClearShares Ultra Short Maturity to buy it.
The correlation of ClearShares Ultra 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 ClearShares Ultra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ClearShares Ultra Short 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 ClearShares Ultra 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 ClearShares Ultra Piotroski F Score and ClearShares Ultra Altman Z Score analysis. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
The market value of ClearShares Ultra Short is measured differently than its book value, which is the value of ClearShares that is recorded on the company's balance sheet. Investors also form their own opinion of ClearShares Ultra's value that differs from its market value or its book value, called intrinsic value, which is ClearShares Ultra'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 ClearShares Ultra's market value can be influenced by many factors that don't directly affect ClearShares Ultra'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 ClearShares Ultra's value and its price as these two are different measures arrived at by different means. Investors typically determine if ClearShares Ultra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ClearShares Ultra'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.