Basic Materials Financial Statements From 2010 to 2024
| RYBIX Fund | USD 90.58 0.45 0.50% |
Check Basic Materials financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Basic Materials' main balance sheet or income statement drivers, such as , as well as many indicators such as . Basic financial statements analysis is a perfect complement when working with Basic Materials Valuation or Volatility modules.
Basic |
Basic Materials Fund Mutual Fund Price To Earning Analysis
Basic Materials' 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 Basic Materials Price To Earning | 18.97 X |
Most of Basic Materials' 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, Basic Materials Fund 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, Basic Materials Fund has a Price To Earning of 18.97 times. This is much higher than that of the Rydex Funds family and significantly higher than that of the Natural Resources category. The price to earning for all United States funds is notably lower than that of the firm.
Basic Materials Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Basic Materials's current stock value. Our valuation model uses many indicators to compare Basic Materials value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Basic Materials competition to find correlations between indicators driving Basic Materials's intrinsic value. More Info.Basic Materials Fund is rated top fund in price to earning among similar funds. It also is rated top fund in price to book among similar funds fabricating about 0.11 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Basic Materials Fund is roughly 8.74 . 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 Basic Materials' earnings, one of the primary drivers of an investment's value.About Basic Materials Financial Statements
Basic Materials investors use historical fundamental indicators, such as Basic Materials' revenue or net income, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Basic Materials. Please read more on our technical analysis and fundamental analysis pages.
The fund invests substantially all of its net assets in equity securities of Basic Materials Companies that are traded in the United States and in derivatives. It may invest to a significant extent in the securities of Basic Materials Companies that have small to mid-sized capitalizations. Basic Materials Companies are engaged in the manufacture, mining, processing, or distribution of raw materials and intermediate goods used in the industrials sector, and may be involved in the production and transportation of metals, textiles, and wood products.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Basic Mutual Fund
Basic Materials financial ratios help investors to determine whether Basic Mutual Fund 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 Basic with respect to the benefits of owning Basic Materials security.
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