IShares SPTSX Price To Sales vs. Beta
Based on the key profitability measurements obtained from IShares SPTSX's financial statements, iShares SPTSX Canadian may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in January. Profitability indicators assess IShares SPTSX's ability to earn profits and add value for shareholders.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Please note, there is a significant difference between IShares SPTSX's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares SPTSX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares SPTSX'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.
For IShares SPTSX profitability analysis, we use financial ratios and fundamental drivers that measure the ability of IShares SPTSX to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well iShares SPTSX Canadian utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between IShares SPTSX's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of iShares SPTSX Canadian over time as well as its relative position and ranking within its peers.
IShares |
iShares SPTSX Canadian Beta vs. Price To Sales Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining IShares SPTSX's current stock value. Our valuation model uses many indicators to compare IShares SPTSX value to that of its competitors to determine the firm's financial worth. iShares SPTSX Canadian is the top ETF in price to sales as compared to similar ETFs. It is fifth largest ETF in beta as compared to similar ETFs totaling about 0.72 of Beta per Price To Sales. The ratio of Price To Sales to Beta for iShares SPTSX Canadian is roughly 1.40 . Comparative valuation analysis is a catch-all model that can be used if you cannot value IShares SPTSX by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for IShares SPTSX's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.IShares Beta vs. Price To Sales
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
IShares SPTSX |
| = | 1.27 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
IShares SPTSX |
| = | 0.91 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
IShares Beta Comparison
IShares SPTSX is currently under evaluation in beta as compared to similar ETFs.
Beta Analysis
IShares SPTSX returns are very sensitive to returns on the market. As the market goes up or down, IShares SPTSX is expected to follow.
IShares SPTSX Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in IShares SPTSX, profitability is also one of the essential criteria for including it into their portfolios because, without profit, IShares SPTSX will eventually generate negative long term returns. The profitability progress is the general direction of IShares SPTSX's change in net profit over the period of time. It can combine multiple indicators of IShares SPTSX, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The investment seeks to replicate the performance, net of expenses, of the SPTSX Canadian Dividend Aristocrats index. ISHARES SP is traded on Toronto Stock Exchange in Canada.
IShares Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on IShares SPTSX. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of IShares SPTSX position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the IShares SPTSX's important profitability drivers and their relationship over time.
Use IShares SPTSX in pair-trading
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 IShares SPTSX 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 IShares SPTSX will appreciate offsetting losses from the drop in the long position's value.IShares SPTSX Pair Trading
iShares SPTSX Canadian Pair Trading Analysis
The ability to find closely correlated positions to Stanley Black could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Stanley Black 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 Stanley Black - 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 Stanley Black Decker to buy it.
The correlation of Stanley Black 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 Stanley Black moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stanley Black Decker 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 Stanley Black 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.Use Investing Themes to Complement your IShares SPTSX position
In addition to having IShares SPTSX in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Other Tools for IShares Etf
When running IShares SPTSX's price analysis, check to measure IShares SPTSX's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy IShares SPTSX is operating at the current time. Most of IShares SPTSX's value examination focuses on studying past and present price action to predict the probability of IShares SPTSX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IShares SPTSX's price. Additionally, you may evaluate how the addition of IShares SPTSX to your portfolios can decrease your overall portfolio volatility.
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