Elevation Series Financials
| CBSE Etf | USD 36.83 0.07 0.19% |
Net Expense Ratio 0.0086 | 3 y Sharp Ratio 0.24 |
Elevation |
The data published in Elevation Series' official financial statements typically reflect Elevation Series' business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Elevation Series' quantitative information. For example, before you start analyzing numbers published by Elevation accountants, it's essential to understand Elevation Series' liquidity, profitability, and earnings quality within the context of the Changebridge space in which it operates.
Please note, the presentation of Elevation Series' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Elevation Series' management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Elevation Series' management manipulating its earnings.
Elevation Series Etf Summary
Elevation Series competes with Elevation Series, and JPMorgan BetaBuilders. The fund is an actively-managed ETF that seeks to achieve its investment objective by purchasing securities Changebridge Capital, LLC, the funds investment adviser, believes to have above-average financial characteristics and growth potential that exhibit positive ESG attributes. Changebridge Capital is traded on NYSEARCA Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US53656F6319 |
| CUSIP | 53656F631 |
| Region | North America |
| Investment Issuer | Clough Capital Partners |
| Etf Family | Changebridge |
| Fund Category | Strategy |
| Portfolio Concentration | Theme |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
Elevation Series Key Financial Ratios
Elevation Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Elevation Series's current stock value. Our valuation model uses many indicators to compare Elevation Series value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Elevation Series competition to find correlations between indicators driving Elevation Series's intrinsic value. More Info.Elevation Series Trust is the top ETF in beta as compared to similar ETFs. It also is the top ETF in one year return as compared to similar ETFs reporting about 42.29 of One Year Return per Beta. Comparative valuation analysis is a catch-all technique that is used if you cannot value Elevation Series by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Elevation Series Trust Systematic Risk
Elevation Series' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Elevation Series volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Elevation Series Trust correlated with the market. If Beta is less than 0 Elevation Series generally moves in the opposite direction as compared to the market. If Elevation Series Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Elevation Series Trust is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Elevation Series is generally in the same direction as the market. If Beta > 1 Elevation Series moves generally in the same direction as, but more than the movement of the benchmark.
About Elevation Series Financials
What exactly are Elevation Series Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Elevation Series' income statement, its balance sheet, and the statement of cash flows. Potential Elevation Series investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Elevation Series investors may use each financial statement separately, they are all related. The changes in Elevation Series's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Elevation Series's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.Elevation Series Thematic Clasifications
Elevation Series Trust is part of several thematic ideas from Strategy ETFs to Theme ETFs. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasElevation Series January 24, 2025 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Elevation Series help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Elevation Series Trust. We use our internally-developed statistical techniques to arrive at the intrinsic value of Elevation Series Trust based on widely used predictive technical indicators. In general, we focus on analyzing Elevation Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Elevation Series's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.33 | |||
| Information Ratio | 0.1501 | |||
| Maximum Drawdown | 7.63 | |||
| Value At Risk | (1.40) | |||
| Potential Upside | 2.63 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Elevation Series Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
The market value of Elevation Series Trust is measured differently than its book value, which is the value of Elevation that is recorded on the company's balance sheet. Investors also form their own opinion of Elevation Series' value that differs from its market value or its book value, called intrinsic value, which is Elevation Series' 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 Elevation Series' market value can be influenced by many factors that don't directly affect Elevation Series' 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 Elevation Series' value and its price as these two are different measures arrived at by different means. Investors typically determine if Elevation Series is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elevation Series' 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.