Legal General One Year Return vs. Five Year Return
| ETLZ Etf | EUR 107.68 0.74 0.68% |
For Legal General profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Legal General to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Legal General UCITS utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Legal General's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Legal General UCITS over time as well as its relative position and ranking within its peers.
Legal |
Legal General UCITS Five Year Return vs. One Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Legal General's current stock value. Our valuation model uses many indicators to compare Legal General value to that of its competitors to determine the firm's financial worth. Legal General UCITS is rated below average in one year return as compared to similar ETFs. It is rated below average in five year return as compared to similar ETFs . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Legal General's earnings, one of the primary drivers of an investment's value.Legal Five Year Return vs. One Year Return
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Legal General |
| = | (9.94) % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
Legal General |
| = | 6.08 % |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
Legal Five Year Return Comparison
Legal General is currently under evaluation in five year return as compared to similar ETFs.
Legal General Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Legal General, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Legal General will eventually generate negative long term returns. The profitability progress is the general direction of Legal General's change in net profit over the period of time. It can combine multiple indicators of Legal General, 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 Fund is designed to track the performance of the Russell 2000 Index. GO UCITS is traded on Frankfurt Stock Exchange in Germany.
Legal Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Legal General. 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 Legal General 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 Legal General's important profitability drivers and their relationship over time.
| One Year Return vs Three Year Return | ||
| Ten Year Return vs Five Year Return | ||
| One Year Return vs Net Asset | ||
| Equity Positions Weight vs Five Year Return |
Use Legal General 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 Legal General 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 Legal General will appreciate offsetting losses from the drop in the long position's value.Legal General Pair Trading
Legal General UCITS Pair Trading Analysis
The ability to find closely correlated positions to Legal General could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Legal General 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 Legal General - 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 Legal General UCITS to buy it.
The correlation of Legal General 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 Legal General moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Legal General UCITS 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 Legal General 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 Legal General position
In addition to having Legal General 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?
Run Power Assets Thematic Idea Now
Power Assets
Large capitalization equities showing high long-term performance indicators and above average return expectations based on Macroaxis rating system. The Power Assets theme has 49 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 Power Assets Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in Legal Etf
To fully project Legal General's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Legal General UCITS 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 Legal General's income statement, its balance sheet, and the statement of cash flows.