Enact Holdings Etf Beta
| ACT Etf | USD 35.21 0.05 0.14% |
Enact Holdings fundamentals help investors to digest information that contributes to Enact Holdings' financial success or failures. It also enables traders to predict the movement of Enact Etf. The fundamental analysis module provides a way to measure Enact Holdings' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Enact Holdings etf.
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Enact Holdings ETF Beta Analysis
Enact Holdings' 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 Enact Holdings Beta | 0.57 |
Most of Enact Holdings' 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, Enact Holdings 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, Enact Holdings has a Beta of 0.569. This is much higher than that of the Insurance family and significantly higher than that of the Financials category. The beta for all United States etfs is notably lower than that of the firm.
Enact Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Enact Holdings' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Enact Holdings could also be used in its relative valuation, which is a method of valuing Enact Holdings by comparing valuation metrics of similar companies.Enact Holdings is currently under evaluation in beta as compared to similar ETFs.
Enact Holdings Institutional Holders
Institutional Holdings refers to the ownership stake in Enact Holdings that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Enact Holdings' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Enact Holdings' value.| Shares | Jpmorgan Chase & Co | 2024-06-30 | 657.4 K | Millennium Management Llc | 2024-06-30 | 639 K | American Century Companies Inc | 2024-09-30 | 555.9 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 554.7 K | Nuveen Asset Management, Llc | 2024-06-30 | 503.7 K | Bank Of New York Mellon Corp | 2024-06-30 | 501.1 K | Charles Schwab Investment Management Inc | 2024-09-30 | 414.9 K | Prudential Financial Inc | 2024-09-30 | 385.2 K | Hotchkis & Wiley Capital Management Llc | 2024-09-30 | 360.9 K | Vanguard Group Inc | 2024-09-30 | 3.1 M | Bayview Asset Management, Llc | 2024-09-30 | 2.7 M |
Fund Asset Allocation for Enact Holdings
The fund invests 99.42% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides Enact Holdings' investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
As returns on the market increase, Enact Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Enact Holdings is expected to be smaller as well.
Enact Fundamentals
| Return On Equity | 0.14 | ||||
| Return On Asset | 0.093 | ||||
| Profit Margin | 0.57 % | ||||
| Operating Margin | 0.78 % | ||||
| Current Valuation | 5.48 B | ||||
| Shares Outstanding | 153.59 M | ||||
| Shares Owned By Insiders | 81.45 % | ||||
| Shares Owned By Institutions | 19.38 % | ||||
| Number Of Shares Shorted | 1.34 M | ||||
| Price To Earning | 5.66 X | ||||
| Price To Book | 1.07 X | ||||
| Price To Sales | 4.53 X | ||||
| Revenue | 1.15 B | ||||
| Gross Profit | 953.38 M | ||||
| EBITDA | (51.74 M) | ||||
| Net Income | 665.51 M | ||||
| Cash And Equivalents | 538.21 M | ||||
| Cash Per Share | 3.31 X | ||||
| Total Debt | 745.42 M | ||||
| Debt To Equity | 0.18 % | ||||
| Current Ratio | 0.85 X | ||||
| Book Value Per Share | 32.61 X | ||||
| Cash Flow From Operations | 632.04 M | ||||
| Short Ratio | 2.45 X | ||||
| Earnings Per Share | 4.29 X | ||||
| Price To Earnings To Growth | 28.85 X | ||||
| Target Price | 38.7 | ||||
| Number Of Employees | 465 | ||||
| Beta | 0.57 | ||||
| Market Capitalization | 5.42 B | ||||
| Total Asset | 6.19 B | ||||
| Retained Earnings | 2.55 B | ||||
| Working Capital | 3.36 B | ||||
| Current Asset | 11.02 B | ||||
| Current Liabilities | 7.66 B | ||||
| Annual Yield | 0.02 % | ||||
| One Year Return | (6.99) % | ||||
| Net Asset | 6.19 B | ||||
| Last Dividend Paid | 0.71 | ||||
| Equity Positions Weight | 99.42 % |
About Enact Holdings Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Enact Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Enact Holdings using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Enact Holdings based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Other Information on Investing in Enact Etf
Enact Holdings financial ratios help investors to determine whether Enact Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Enact with respect to the benefits of owning Enact Holdings security.