FlexShares Credit Financial Statements From 2010 to 2024
| LKOR Etf | USD 43.08 0.31 0.71% |
Check FlexShares Credit financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among FlexShares Credit's main balance sheet or income statement drivers, such as , as well as many indicators such as . FlexShares financial statements analysis is a perfect complement when working with FlexShares Credit Valuation or Volatility modules.
FlexShares |
FlexShares Credit Scored Long ETF Beta Analysis
FlexShares Credit'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 FlexShares Credit Beta | 2.1 |
Most of FlexShares Credit'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, FlexShares Credit Scored Long 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.
| Competition |
In accordance with the recently published financial statements, FlexShares Credit Scored Long has a Beta of 2.1. This is much higher than that of the Flexshares Trust family and significantly higher than that of the Long-Term Bond category. The beta for all United States etfs is notably lower than that of the firm.
About FlexShares Credit Financial Statements
FlexShares Credit 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 FlexShares Credit investors may analyze each financial statement separately, they are all interrelated. The changes in FlexShares Credit's assets and liabilities, for example, are also reflected in the revenues and expenses on on FlexShares Credit's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
The underlying index reflects the performance of a broad universe of longer term maturity, US-dollar denominated investment grade corporate bonds that can potentially deliver a higher total return than the overall investment grade corporate bond market, as represented by the Northern Trust US Investment Grade Long Corporate Bond Index SM . Flexshares Credit is traded on BATS Exchange in the United States.
Pair Trading with FlexShares Credit
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 FlexShares Credit 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 FlexShares Credit will appreciate offsetting losses from the drop in the long position's value.Moving together with FlexShares Etf
| 0.99 | BLV | Vanguard Long Term | PairCorr |
| 0.97 | BAB | Invesco Taxable Municipal | PairCorr |
| 1.0 | IGLB | iShares 10 Year | PairCorr |
| 1.0 | SPLB | SPDR Barclays Long | PairCorr |
| 0.98 | FFIU | Fieldstone UVA Uncon | PairCorr |
Moving against FlexShares Etf
| 0.84 | NVDX | T Rex 2X | PairCorr |
| 0.83 | NVDL | GraniteShares 15x Long | PairCorr |
| 0.83 | NVDU | Direxion Daily NVDA | PairCorr |
| 0.72 | USD | ProShares Ultra Semi Buyout Trend | PairCorr |
| 0.47 | FNGU | MicroSectors FANG Index | PairCorr |
The ability to find closely correlated positions to FlexShares Credit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FlexShares Credit 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 FlexShares Credit - 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 FlexShares Credit Scored Long to buy it.
The correlation of FlexShares Credit 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 FlexShares Credit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FlexShares Credit 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 FlexShares Credit 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 FlexShares Credit Correlation against competitors. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
The market value of FlexShares Credit is measured differently than its book value, which is the value of FlexShares that is recorded on the company's balance sheet. Investors also form their own opinion of FlexShares Credit's value that differs from its market value or its book value, called intrinsic value, which is FlexShares Credit'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 FlexShares Credit's market value can be influenced by many factors that don't directly affect FlexShares Credit'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 FlexShares Credit's value and its price as these two are different measures arrived at by different means. Investors typically determine if FlexShares Credit is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FlexShares Credit'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.