MicroSectors Travel Financials
| FLYU Etf | USD 66.52 0.32 0.48% |
Net Expense Ratio 0.0095 |
MicroSectors |
The data published in MicroSectors Travel's official financial statements typically reflect MicroSectors Travel's 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 MicroSectors Travel's quantitative information. For example, before you start analyzing numbers published by MicroSectors accountants, it's essential to understand MicroSectors Travel's liquidity, profitability, and earnings quality within the context of the Trading--Leveraged Equity space in which it operates.
Please note, the imprecision that can be found in MicroSectors Travel's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of MicroSectors Travel 3X. Check MicroSectors Travel's Beneish M Score to see the likelihood of MicroSectors Travel's management manipulating its earnings.
MicroSectors Travel Etf Summary
MicroSectors Travel competes with MicroSectors Travel, MicroSectors Gold, Direxion Daily, MicroSectors Solactive, and MicroSectors Gold. MicroSectors Travel is entity of United States. It is traded as Etf on NYSE ARCA exchange.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US06368J2006 |
| CUSIP | 06368J200 |
| Region | North America |
| Investment Issuer | Bank of Montreal |
| Business Address | , Canada |
| Fund Category | Sector |
| Portfolio Concentration | Consumer Discretionary |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
MicroSectors Travel Systematic Risk
MicroSectors Travel's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. MicroSectors Travel 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 MicroSectors Travel correlated with the market. If Beta is less than 0 MicroSectors Travel generally moves in the opposite direction as compared to the market. If MicroSectors Travel Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one MicroSectors Travel is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of MicroSectors Travel is generally in the same direction as the market. If Beta > 1 MicroSectors Travel moves generally in the same direction as, but more than the movement of the benchmark.
Steps to analyze company Financials for Investing
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as MicroSectors Travel is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of MicroSectors has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it. In summary, you can determine if MicroSectors Travel's financials are consistent with your investment objective using the following steps:- Review MicroSectors Travel's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
- Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
- Study the cash flow inflows and outflows to understand MicroSectors Travel's liquidity and solvency.
- Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
- Compare MicroSectors Travel's financials to those of its peers to see how it stacks up and identify any potential red flags.
- Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if MicroSectors Travel's stock is overvalued or undervalued.
MicroSectors Travel Thematic Clasifications
MicroSectors Travel 3X is part of several thematic ideas from Sector ETFs to Consumer Discretionary 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 IdeasMicroSectors Travel November 28, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of MicroSectors Travel help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of MicroSectors Travel 3X. We use our internally-developed statistical techniques to arrive at the intrinsic value of MicroSectors Travel 3X based on widely used predictive technical indicators. In general, we focus on analyzing MicroSectors Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build MicroSectors Travel's daily price indicators and compare them against related drivers.
| Downside Deviation | 2.57 | |||
| Information Ratio | 0.2939 | |||
| Maximum Drawdown | 15.38 | |||
| Value At Risk | (4.18) | |||
| Potential Upside | 7.48 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in MicroSectors Travel 3X. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
The market value of MicroSectors Travel is measured differently than its book value, which is the value of MicroSectors that is recorded on the company's balance sheet. Investors also form their own opinion of MicroSectors Travel's value that differs from its market value or its book value, called intrinsic value, which is MicroSectors Travel'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 MicroSectors Travel's market value can be influenced by many factors that don't directly affect MicroSectors Travel'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 MicroSectors Travel's value and its price as these two are different measures arrived at by different means. Investors typically determine if MicroSectors Travel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MicroSectors Travel'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.