ALPS Price To Earning vs. Price To Sales
Based on ALPS's profitability indicators, ALPS 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 ALPS's ability to earn profits and add value for shareholders.
Check out Your Current Watchlist 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 metropolitan statistical area.
For ALPS profitability analysis, we use financial ratios and fundamental drivers that measure the ability of ALPS to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well ALPS utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between ALPS's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of ALPS over time as well as its relative position and ranking within its peers.
ALPS |
The market value of ALPS is measured differently than its book value, which is the value of ALPS that is recorded on the company's balance sheet. Investors also form their own opinion of ALPS's value that differs from its market value or its book value, called intrinsic value, which is ALPS'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 ALPS's market value can be influenced by many factors that don't directly affect ALPS'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 ALPS's value and its price as these two are different measures arrived at by different means. Investors typically determine if ALPS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ALPS'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.
ALPS Price To Sales vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining ALPS's current stock value. Our valuation model uses many indicators to compare ALPS value to that of its competitors to determine the firm's financial worth. ALPS is rated first in price to earning as compared to similar ETFs. It is rated first in price to sales as compared to similar ETFs fabricating about 0.09 of Price To Sales per Price To Earning. The ratio of Price To Earning to Price To Sales for ALPS is roughly 11.13 . 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 ALPS's earnings, one of the primary drivers of an investment's value.ALPS Price To Sales vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
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| = | 17.81 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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.
ALPS |
| = | 1.60 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.
ALPS Price To Sales Comparison
ALPS is currently under evaluation in price to sales as compared to similar ETFs.
ALPS Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in ALPS, profitability is also one of the essential criteria for including it into their portfolios because, without profit, ALPS will eventually generate negative long term returns. The profitability progress is the general direction of ALPS's change in net profit over the period of time. It can combine multiple indicators of ALPS, 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 investment results that correspond generally to the performance of its underlying index, the Summit Zacks Global Water Index . Summit Water is traded on Archipelago Exchange in USA.
ALPS Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on ALPS. 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 ALPS 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 ALPS's important profitability drivers and their relationship over time.
| Price To Earning vs Price To Book | ||
| One Year Return vs Price To Sales | ||
| Price To Earning vs Net Asset | ||
| Equity Positions Weight vs Price To Sales |
Use ALPS 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 ALPS 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 ALPS will appreciate offsetting losses from the drop in the long position's value.ALPS Pair Trading
ALPS Pair Trading Analysis
The ability to find closely correlated positions to Oracle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oracle 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 Oracle - 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 Oracle to buy it.
The correlation of Oracle 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 Oracle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oracle 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 Oracle 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 ALPS position
In addition to having ALPS 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 Railroads Thematic Idea Now
Railroads
Companies involved in manufacturing and maintenance of freight railroads and passenger trains as well as providing railroad services to public. The Railroads theme has 46 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 Railroads Theme or any other thematic opportunities.
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Check out Your Current Watchlist 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 metropolitan statistical area. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Other Tools for ALPS Etf
When running ALPS's price analysis, check to measure ALPS'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 ALPS is operating at the current time. Most of ALPS's value examination focuses on studying past and present price action to predict the probability of ALPS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ALPS's price. Additionally, you may evaluate how the addition of ALPS to your portfolios can decrease your overall portfolio volatility.
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