ATAC Rotation Financial Statements From 2010 to 2025
| RORO Etf | USD 15.49 0.27 1.71% |
Check ATAC Rotation financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ATAC Rotation's main balance sheet or income statement drivers, such as , as well as many indicators such as . ATAC financial statements analysis is a perfect complement when working with ATAC Rotation Valuation or Volatility modules.
ATAC |
ATAC Rotation ETF ETF Price To Earning Analysis
ATAC Rotation'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 ATAC Rotation Price To Earning | 17.85 X |
Most of ATAC Rotation'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, ATAC Rotation ETF 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, ATAC Rotation ETF has a Price To Earning of 17.85 times. This is much higher than that of the ATAC Fund family and significantly higher than that of the Tactical Allocation category. The price to earning for all United States etfs is notably lower than that of the firm.
ATAC Rotation ETF Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining ATAC Rotation's current stock value. Our valuation model uses many indicators to compare ATAC Rotation value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across ATAC Rotation competition to find correlations between indicators driving ATAC Rotation's intrinsic value. More Info.ATAC Rotation ETF is presently regarded as number one ETF in price to earning as compared to similar ETFs. It also is presently regarded as number one ETF in price to book as compared to similar ETFs fabricating about 0.10 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for ATAC Rotation ETF is roughly 10.20 . 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 ATAC Rotation's earnings, one of the primary drivers of an investment's value.About ATAC Rotation Financial Statements
ATAC Rotation investors utilize fundamental indicators, such as revenue or net income, to predict how ATAC 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.
Under normal circumstances, at least 80 percent of the funds net assets, plus borrowings for investment purposes, will be invested in securities that are traded principally in the United States, securities issued or guaranteed by the U.S. government, its agencies, or instrumentalities, or ETFs that invest, under normal circumstances, at least 80 percent of their net assets, plus borrowings for investment purposes, in the foregoing securities. Atac US is traded on NYSEARCA Exchange in the United States.
Pair Trading with ATAC Rotation
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 ATAC Rotation 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 ATAC Rotation will appreciate offsetting losses from the drop in the long position's value.Moving together with ATAC Etf
Moving against ATAC Etf
| 0.57 | NORW | Global X MSCI | PairCorr |
| 0.55 | NUSA | Nuveen Enhanced Yield | PairCorr |
| 0.47 | IAUM | iShares Gold Trust | PairCorr |
| 0.46 | SGOL | abrdn Physical Gold | PairCorr |
| 0.39 | MFDX | PIMCO RAFI Dynamic | PairCorr |
The ability to find closely correlated positions to ATAC Rotation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ATAC Rotation 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 ATAC Rotation - 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 ATAC Rotation ETF to buy it.
The correlation of ATAC Rotation 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 ATAC Rotation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ATAC Rotation ETF 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 ATAC Rotation 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 ATAC Rotation Correlation against competitors. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
The market value of ATAC Rotation ETF is measured differently than its book value, which is the value of ATAC that is recorded on the company's balance sheet. Investors also form their own opinion of ATAC Rotation's value that differs from its market value or its book value, called intrinsic value, which is ATAC Rotation'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 ATAC Rotation's market value can be influenced by many factors that don't directly affect ATAC Rotation'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 ATAC Rotation's value and its price as these two are different measures arrived at by different means. Investors typically determine if ATAC Rotation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ATAC Rotation'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.