BetaPro Natural Financial Statements From 2010 to 2024
| HND Etf | CAD 21.34 1.84 9.44% |
Market Capitalisation {Big=-, Small=-, Mega=-, Medium=-, Micro=-} |
Check BetaPro Natural financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among BetaPro Natural's main balance sheet or income statement drivers, such as , as well as many indicators such as . BetaPro financial statements analysis is a perfect complement when working with BetaPro Natural Valuation or Volatility modules.
BetaPro |
BetaPro Natural Gas ETF Price To Earning Analysis
BetaPro Natural's 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.
Current BetaPro Natural Price To Earning | 14.32 X |
Most of BetaPro Natural's fundamental indicators, such as Price To Earning, 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, BetaPro Natural Gas is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
| Competition |
Based on the latest financial disclosure, BetaPro Natural Gas has a Price To Earning of 14.32 times. This is much higher than that of the Horizons ETFs Management (Canada) Inc family and significantly higher than that of the Passive Inverse/Leveraged category. The price to earning for all Canada etfs is notably lower than that of the firm.
About BetaPro Natural Financial Statements
BetaPro Natural investors utilize fundamental indicators, such as revenue or net income, to predict how BetaPro Etf might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
The investment seeks to replicate two times the inverse of the daily performance, net of expenses, of the NYMEX natural gas futures contract for the next delivery month. BETAPRO NAT is traded on Toronto Stock Exchange in Canada.
Pair Trading with BetaPro Natural
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 BetaPro Natural 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 BetaPro Natural will appreciate offsetting losses from the drop in the long position's value.Moving against BetaPro Etf
| 0.86 | HNU | BetaPro Natural Gas | PairCorr |
| 0.83 | HED | BetaPro SPTSX Capped | PairCorr |
| 0.52 | XIT | iShares SPTSX Capped | PairCorr |
| 0.48 | HXU | BetaPro SP TSX | PairCorr |
| 0.42 | XSB | iShares Canadian Short | PairCorr |
The ability to find closely correlated positions to BetaPro Natural could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BetaPro Natural 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 BetaPro Natural - 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 BetaPro Natural Gas to buy it.
The correlation of BetaPro Natural 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 BetaPro Natural moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BetaPro Natural Gas 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 BetaPro Natural 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.Other Information on Investing in BetaPro Etf
BetaPro Natural financial ratios help investors to determine whether BetaPro Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in BetaPro with respect to the benefits of owning BetaPro Natural security.