Alerian Energy Financial Statements From 2010 to 2024
| ENFR Etf | USD 33.11 0.41 1.25% |
Check Alerian Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Alerian Energy's main balance sheet or income statement drivers, such as , as well as many indicators such as . Alerian financial statements analysis is a perfect complement when working with Alerian Energy Valuation or Volatility modules.
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Alerian Energy Infrastructure ETF Beta Analysis
Alerian Energy's 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.
Current Alerian Energy Beta | 0.82 |
Most of Alerian Energy's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Alerian Energy Infrastructure is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
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In accordance with the recently published financial statements, Alerian Energy Infrastructure has a Beta of 0.82. This is much higher than that of the ALPS family and significantly higher than that of the Energy Limited Partnership category. The beta for all United States etfs is notably lower than that of the firm.
Alerian Energy Infra Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Alerian Energy's current stock value. Our valuation model uses many indicators to compare Alerian Energy value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Alerian Energy competition to find correlations between indicators driving Alerian Energy's intrinsic value. More Info.Alerian Energy Infrastructure is rated # 3 ETF in price to earning as compared to similar ETFs. It is one of the top ETFs in price to book as compared to similar ETFs fabricating about 0.08 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Alerian Energy Infrastructure is roughly 13.25 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Alerian Energy 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.About Alerian Energy Financial Statements
Alerian Energy shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Alerian Energy investors may analyze each financial statement separately, they are all interrelated. The changes in Alerian Energy's assets and liabilities, for example, are also reflected in the revenues and expenses on on Alerian Energy's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
The underlying index is a composite of North American energy infrastructure companies engaged in midstream activities involving energy commodities including gathering and processing, liquefaction, pipeline transportation, rail terminaling, and storage . Alerian Energy is traded on NYSEARCA Exchange in the United States.
Pair Trading with Alerian Energy
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 Alerian Energy 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 Alerian Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Alerian Etf
| 0.99 | EMLP | First Trust North | PairCorr |
| 0.89 | AMJ | JPMorgan | PairCorr |
| 0.9 | MLPA | Global X MLP | PairCorr |
| 1.0 | MLPX | Global X MLP | PairCorr |
| 1.0 | TPYP | Tortoise North American | PairCorr |
Moving against Alerian Etf
| 0.76 | TLT | iShares 20 Year Aggressive Push | PairCorr |
The ability to find closely correlated positions to Alerian Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alerian Energy 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 Alerian Energy - 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 Alerian Energy Infrastructure to buy it.
The correlation of Alerian Energy 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 Alerian Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alerian Energy Infra 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 Alerian Energy 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.Check out the analysis of Alerian Energy Correlation against competitors. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
The market value of Alerian Energy Infra is measured differently than its book value, which is the value of Alerian that is recorded on the company's balance sheet. Investors also form their own opinion of Alerian Energy's value that differs from its market value or its book value, called intrinsic value, which is Alerian Energy'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 Alerian Energy's market value can be influenced by many factors that don't directly affect Alerian Energy'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 Alerian Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alerian Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alerian Energy'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.