Citadel Income Beta vs. Price To Book
| CTF-UN Fund | CAD 2.60 0.03 1.17% |
For Citadel Income profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Citadel Income to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Citadel Income utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Citadel Income's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Citadel Income over time as well as its relative position and ranking within its peers.
Citadel |
Citadel Income Price To Book vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Citadel Income's current stock value. Our valuation model uses many indicators to compare Citadel Income value to that of its competitors to determine the firm's financial worth. Citadel Income is the top fund in beta among similar funds. It also is the top fund in price to book among similar funds fabricating about 1.18 of Price To Book per Beta. Comparative valuation analysis is a catch-all model that can be used if you cannot value Citadel Income by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Citadel Income's Fund. 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.Citadel Price To Book vs. Beta
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.
Citadel Income |
| = | 0.68 |
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.
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.
Citadel Income |
| = | 0.80 X |
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.
Beta Analysis
As returns on the market increase, Citadel Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Citadel Income is expected to be smaller as well.
Citadel Income Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Citadel Income, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Citadel Income will eventually generate negative long term returns. The profitability progress is the general direction of Citadel Income's change in net profit over the period of time. It can combine multiple indicators of Citadel Income, 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.
Citadel Income Fund is a closed-ended balanced mutual fund launched by Artemis Investment Management Limited. Citadel Income Fund was formed on December 31, 2008 and is domiciled in Canada. CITADEL INCOME is traded on Toronto Stock Exchange in Canada.
Citadel Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Citadel Income. 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 Citadel Income 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 Citadel Income's important profitability drivers and their relationship over time.
Use Citadel Income 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 Citadel Income 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 Citadel Income will appreciate offsetting losses from the drop in the long position's value.Citadel Income Pair Trading
Citadel Income Pair Trading Analysis
The ability to find closely correlated positions to Citadel Income could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Citadel Income 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 Citadel Income - 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 Citadel Income to buy it.
The correlation of Citadel Income 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 Citadel Income moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Citadel Income 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 Citadel Income 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 Citadel Income position
In addition to having Citadel Income 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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Iron
Companies involved in production of steel and iron. The Iron theme has 48 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Iron Theme or any other thematic opportunities.
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Other Information on Investing in Citadel Fund
To fully project Citadel Income's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Citadel Income at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Citadel Income's income statement, its balance sheet, and the statement of cash flows.
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