Principal Active Financials
| YLD Etf | USD 19.58 0.04 0.20% |
Net Expense Ratio 0.0039 | 3 y Sharp Ratio 0.05 |
Principal |
The data published in Principal Active's official financial statements typically reflect Principal Active'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 Principal Active's quantitative information. For example, before you start analyzing numbers published by Principal accountants, it's essential to understand Principal Active's liquidity, profitability, and earnings quality within the context of the Principal Funds space in which it operates.
Please note, the presentation of Principal Active's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Principal Active's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Principal Active's management manipulating its earnings.
Principal Active Etf Summary
Principal Active competes with SPDR SSgA, First Trust, Saba Closed, Xtrackers Short, and IShares Morningstar. The fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing, under normal circumstances, at least 80 percent of its net assets, plus any borrowings for investment purposes, in below-investment grade fixed income securities, such as bonds and bank loans. Principal Edge is traded on NYSEARCA Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US74255Y1029 |
| CUSIP | 74255Y102 |
| Region | Global |
| Investment Issuer | Principal |
| Etf Family | Principal Funds |
| Fund Category | Asset Allocation |
| Portfolio Concentration | Target Outcome |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
Principal Active Key Financial Ratios
Principal Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Principal Active's current stock value. Our valuation model uses many indicators to compare Principal Active value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Principal Active competition to find correlations between indicators driving Principal Active's intrinsic value. More Info.Principal Active High is rated first in price to earning as compared to similar ETFs. It is rated first in price to book as compared to similar ETFs fabricating about 0.09 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Principal Active High is roughly 11.17 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Principal Active 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.Principal Active High Systematic Risk
Principal Active's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Principal Active 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 Principal Active High correlated with the market. If Beta is less than 0 Principal Active generally moves in the opposite direction as compared to the market. If Principal Active Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Principal Active High is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Principal Active is generally in the same direction as the market. If Beta > 1 Principal Active moves generally in the same direction as, but more than the movement of the benchmark.
About Principal Active Financials
What exactly are Principal Active 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 Principal Active's income statement, its balance sheet, and the statement of cash flows. Potential Principal Active investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Principal Active investors may use each financial statement separately, they are all related. The changes in Principal Active's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Principal Active'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.Principal Active Thematic Clasifications
Principal Active High is part of several thematic ideas from Target Outcome ETFs to Asset Allocation 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 IdeasPrincipal Active November 28, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Principal Active help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Principal Active High. We use our internally-developed statistical techniques to arrive at the intrinsic value of Principal Active High based on widely used predictive technical indicators. In general, we focus on analyzing Principal Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Principal Active's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.423 | |||
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 1.76 | |||
| Value At Risk | (0.72) | |||
| Potential Upside | 0.6192 |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Principal Active High. 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 Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
The market value of Principal Active High is measured differently than its book value, which is the value of Principal that is recorded on the company's balance sheet. Investors also form their own opinion of Principal Active's value that differs from its market value or its book value, called intrinsic value, which is Principal Active'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 Principal Active's market value can be influenced by many factors that don't directly affect Principal Active'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 Principal Active's value and its price as these two are different measures arrived at by different means. Investors typically determine if Principal Active is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Principal Active'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.