Teucrium Corn Etf Current Ratio
| CORN Etf | USD 18.59 0.23 1.25% |
Teucrium Corn fundamentals help investors to digest information that contributes to Teucrium Corn's financial success or failures. It also enables traders to predict the movement of Teucrium Etf. The fundamental analysis module provides a way to measure Teucrium Corn's 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 Teucrium Corn etf.
Teucrium |
Teucrium Corn ETF Current Ratio Analysis
Teucrium Corn's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
| Competition |
In accordance with the recently published financial statements, Teucrium Corn has a Current Ratio of 0.0 times. This indicator is about the same for the Teucrium average (which is currently at 0.0) family and about the same as Commodities Focused (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
Teucrium Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Teucrium Corn's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Teucrium Corn could also be used in its relative valuation, which is a method of valuing Teucrium Corn by comparing valuation metrics of similar companies.Teucrium Corn is currently under evaluation in current ratio as compared to similar ETFs.
Teucrium Fundamentals
| Beta | 0.76 | |||
| Total Asset | 214.97 M | |||
| One Year Return | (15.00) % | |||
| Three Year Return | (5.90) % | |||
| Five Year Return | 4.30 % | |||
| Ten Year Return | (3.80) % | |||
| Net Asset | 214.97 M |
About Teucrium Corn Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Teucrium Corn's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Teucrium Corn using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Teucrium Corn 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.
Pair Trading with Teucrium Corn
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Teucrium Corn position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Teucrium Corn will appreciate offsetting losses from the drop in the long position's value.Moving against Teucrium Etf
| 0.37 | NVDX | T Rex 2X | PairCorr |
| 0.35 | NVDU | Direxion Daily NVDA | PairCorr |
| 0.34 | GLDM | SPDR Gold MiniShares | PairCorr |
| 0.34 | SGOL | abrdn Physical Gold | PairCorr |
| 0.34 | IAUM | iShares Gold Trust | PairCorr |
The ability to find closely correlated positions to Teucrium Corn could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Teucrium Corn when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Teucrium Corn - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Teucrium Corn to buy it.
The correlation of Teucrium Corn is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Teucrium Corn moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Teucrium Corn moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Teucrium Corn can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Teucrium Corn Piotroski F Score and Teucrium Corn Altman Z Score analysis. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
The market value of Teucrium Corn is measured differently than its book value, which is the value of Teucrium that is recorded on the company's balance sheet. Investors also form their own opinion of Teucrium Corn's value that differs from its market value or its book value, called intrinsic value, which is Teucrium Corn'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 Teucrium Corn's market value can be influenced by many factors that don't directly affect Teucrium Corn'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 Teucrium Corn's value and its price as these two are different measures arrived at by different means. Investors typically determine if Teucrium Corn is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Teucrium Corn'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.