ETF Opportunities Financial Statements From 2010 to 2024
| VSLU Etf | USD 37.05 0.33 0.90% |
Check ETF Opportunities financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ETF Opportunities' 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 Opportunities Valuation or Volatility modules.
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ETF Opportunities Trust ETF Beta Analysis
ETF Opportunities' 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 Opportunities Beta | 0.95 |
Most of ETF Opportunities' 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 Opportunities Trust 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.
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In accordance with the recently published financial statements, ETF Opportunities Trust has a Beta of 0.95. This is much higher than that of the Applied Finance Funds family and significantly higher than that of the Large Blend category. The beta for all United States etfs is notably lower than that of the firm.
About ETF Opportunities Financial Statements
ETF Opportunities 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 Opportunities investors may analyze each financial statement separately, they are all interrelated. The changes in ETF Opportunities' assets and liabilities, for example, are also reflected in the revenues and expenses on on ETF Opportunities' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Under normal circumstances, the fund will invest at least 80 percent of its net assets in equity securities of large cap companies. Applied Finance is traded on NYSEARCA Exchange in the United States.
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Check out the analysis of ETF Opportunities Correlation against competitors. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
The market value of ETF Opportunities Trust 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 Opportunities' value that differs from its market value or its book value, called intrinsic value, which is ETF Opportunities' 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 Opportunities' market value can be influenced by many factors that don't directly affect ETF Opportunities' 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 Opportunities' value and its price as these two are different measures arrived at by different means. Investors typically determine if ETF Opportunities is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETF Opportunities' 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.