Defense Cash Position Weight vs. Price To Book

FSDAX Fund  USD 19.41  0.03  0.15%   
Based on the measurements of profitability obtained from Defense's financial statements, Defense And Aerospace may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess Defense's ability to earn profits and add value for shareholders.
For Defense profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Defense to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Defense And Aerospace utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Defense's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Defense And Aerospace over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Defense's value and its price as these two are different measures arrived at by different means. Investors typically determine if Defense is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Defense'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.

Defense And Aerospace Price To Book vs. Cash Position Weight Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Defense's current stock value. Our valuation model uses many indicators to compare Defense value to that of its competitors to determine the firm's financial worth.
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Defense And Aerospace is rated # 2 fund in cash position weight among similar funds. It is one of the top funds in price to book among similar funds fabricating about  20.05  of Price To Book per Cash Position Weight. 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 Defense's earnings, one of the primary drivers of an investment's value.

Defense Price To Book vs. Cash Position Weight

Percentage of fund asset invested in cash equivalents or risk-free instruments. About 40% of all global funds carry cash on their balance sheet.

Defense

Cash Percentage

 = 

% of Cash

in the fund

 = 
0.20 %
Funds or ETFs that have over 40% of their value invested in low-risk instruments or cash equivalents typically attract conservative investors.
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.

Defense

P/B

 = 

MV Per Share

BV Per Share

 = 
4.01 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.

Defense Price To Book Comparison

4.013.062.799.34100%
Defense is currently under evaluation in price to book among similar funds.

Defense Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Defense, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Defense will eventually generate negative long term returns. The profitability progress is the general direction of Defense's change in net profit over the period of time. It can combine multiple indicators of Defense, 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 invests primarily in common stocks. It invests at least 80 percent of assets in securities of companies principally engaged in the research, manufacture, or sale of products or services related to the defense or aerospace industries. The fund invests in domestic and foreign issuers. It uses fundamental analysis of factors such as each issuers financial condition and industry position, as well as market and economic conditions to select investments. The fund is non-diversified.

Defense Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Defense. 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 Defense 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 Defense's important profitability drivers and their relationship over time.

Use Defense 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 Defense 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 Defense will appreciate offsetting losses from the drop in the long position's value.

Defense Pair Trading

Defense And Aerospace Pair Trading Analysis

The ability to find closely correlated positions to Defense could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Defense 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 Defense - 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 Defense And Aerospace to buy it.
The correlation of Defense 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 Defense moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Defense And Aerospace 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 Defense 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Defense position

In addition to having Defense 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 Broad Municipals ETFs Thematic Idea Now

Broad Municipals ETFs
Broad Municipals ETFs Theme
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Broad Municipals ETFs theme has 51 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 Broad Municipals ETFs Theme or any other thematic opportunities.
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Other Information on Investing in Defense Mutual Fund

To fully project Defense's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Defense And Aerospace 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 Defense's income statement, its balance sheet, and the statement of cash flows.
Potential Defense investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Defense investors may work on each financial statement separately, they are all related. The changes in Defense's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Defense's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
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