US Global Equity Positions Weight vs. Price To Sales
| JETS Etf | USD 25.81 0.26 1.02% |
For US Global profitability analysis, we use financial ratios and fundamental drivers that measure the ability of US Global to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well US Global Jets utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between US Global's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of US Global Jets over time as well as its relative position and ranking within its peers.
JETS |
The market value of US Global Jets is measured differently than its book value, which is the value of JETS that is recorded on the company's balance sheet. Investors also form their own opinion of US Global's value that differs from its market value or its book value, called intrinsic value, which is US Global'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 US Global's market value can be influenced by many factors that don't directly affect US Global'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 US Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if US Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, US Global'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.
US Global Jets Price To Sales vs. Equity Positions Weight Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining US Global's current stock value. Our valuation model uses many indicators to compare US Global value to that of its competitors to determine the firm's financial worth. US Global Jets is considered the top ETF in equity positions weight as compared to similar ETFs. It also is considered the top ETF in price to sales as compared to similar ETFs fabricating about 0.01 of Price To Sales per Equity Positions Weight. The ratio of Equity Positions Weight to Price To Sales for US Global Jets is roughly 130.84 . Comparative valuation analysis is a catch-all technique that is used if you cannot value US Global by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.JETS Price To Sales vs. Equity Positions Weight
Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
US Global |
| = | 99.44 % |
Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
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.
US Global |
| = | 0.76 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.
JETS Price To Sales Comparison
US Global is currently under evaluation in price to sales as compared to similar ETFs.
US Global Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in US Global, profitability is also one of the essential criteria for including it into their portfolios because, without profit, US Global will eventually generate negative long term returns. The profitability progress is the general direction of US Global's change in net profit over the period of time. It can combine multiple indicators of US Global, 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 uses a passive management approach to track the performance, before fees and expenses, of the index. US Global is traded on NYSEARCA Exchange in the United States.
JETS Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on US Global. 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 US Global 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 US Global's important profitability drivers and their relationship over time.
Use US Global 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 US Global 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 US Global will appreciate offsetting losses from the drop in the long position's value.US Global Pair Trading
US Global Jets Pair Trading Analysis
The ability to find closely correlated positions to US Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace US Global 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 US Global - 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 US Global Jets to buy it.
The correlation of US Global 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 US Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if US Global Jets 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 US Global 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 US Global position
In addition to having US Global 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 Farming Thematic Idea Now
Farming
Companies producing farming products and providing services for farmers. The Farming theme has 37 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 Farming Theme or any other thematic opportunities.
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Check out Risk vs Return Analysis. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
To fully project US Global's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of US Global Jets 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 US Global's income statement, its balance sheet, and the statement of cash flows.