ETF Managers Financial Statements From 2010 to 2024
| VALT Etf | USD 48.52 0.01 0.02% |
Check ETF Managers financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ETF Managers' main balance sheet or income statement drivers, such as , as well as many indicators such as . ETF financial statements analysis is a perfect complement when working with ETF Managers Valuation or Volatility modules.
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ETF Managers Group ETF Beta Analysis
ETF Managers' 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 ETF Managers Beta | 0.13 |
Most of ETF Managers' 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, ETF Managers Group 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.
CompetitionIn accordance with the recently published financial statements, ETF Managers Group has a Beta of 0.13. This is much higher than that of the ETFMG family and significantly higher than that of the Ultrashort Bond category. The beta for all United States etfs is notably lower than that of the firm.
About ETF Managers Financial Statements
ETF Managers 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 ETF Managers investors may analyze each financial statement separately, they are all interrelated. The changes in ETF Managers' assets and liabilities, for example, are also reflected in the revenues and expenses on on ETF Managers' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
The fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing in a diversified portfolio of high-quality short-term U.S. dollar denominated domestic and foreign debt securities and other instruments. Etfmg Sit is traded on NYSEARCA Exchange in the United States.
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Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
The market value of ETF Managers Group is measured differently than its book value, which is the value of ETF that is recorded on the company's balance sheet. Investors also form their own opinion of ETF Managers' value that differs from its market value or its book value, called intrinsic value, which is ETF Managers' 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 ETF Managers' market value can be influenced by many factors that don't directly affect ETF Managers' 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 ETF Managers' value and its price as these two are different measures arrived at by different means. Investors typically determine if ETF Managers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETF Managers' 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.