Frn Etf Fundamentals
FRN fundamentals help investors to digest information that contributes to FRN's financial success or failures. It also enables traders to predict the movement of FRN Etf. The fundamental analysis module provides a way to measure FRN'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 FRN etf.
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FRN ETF Price To Sales Analysis
FRN's Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Current FRN Price To Sales | 1.96 X |
Most of FRN's fundamental indicators, such as Price To Sales, 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, FRN is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
CompetitionBased on the latest financial disclosure, FRN has a Price To Sales of 1.96 times. This is much higher than that of the Invesco family and significantly higher than that of the Diversified Emerging Mkts category. The price to sales for all United States etfs is notably lower than that of the firm.
FRN Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining FRN's current stock value. Our valuation model uses many indicators to compare FRN value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across FRN competition to find correlations between indicators driving FRN's intrinsic value. More Info.FRN is rated # 3 ETF in price to earning as compared to similar ETFs. It also is rated # 3 ETF in price to book as compared to similar ETFs fabricating about 0.14 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for FRN is roughly 7.17 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the FRN's earnings, one of the primary drivers of an investment's value.Did you try this?
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Fund Asset Allocation for FRN
The fund consists of 94.93% investments in stocks, with the rest of investments allocated between various types of exotic instruments.Asset allocation divides FRN's 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.
FRN Fundamentals
| Price To Earning | 11.18 X | |||
| Price To Book | 1.56 X | |||
| Price To Sales | 1.96 X | |||
| Number Of Employees | 118 | |||
| Total Asset | 59 M | |||
| One Year Return | 12.06 % | |||
| Three Year Return | 6.81 % | |||
| Five Year Return | 3.62 % | |||
| Ten Year Return | 0.34 % | |||
| Net Asset | 59 M | |||
| Last Dividend Paid | 0.46 | |||
| Equity Positions Weight | 94.93 % |
Pair Trading with FRN
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 FRN 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 FRN will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Citigroup could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Citigroup 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 Citigroup - 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 Citigroup to buy it.
The correlation of Citigroup 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 Citigroup moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Citigroup 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 Citigroup 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 Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Other Tools for FRN Etf
When running FRN's price analysis, check to measure FRN's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy FRN is operating at the current time. Most of FRN's value examination focuses on studying past and present price action to predict the probability of FRN's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FRN's price. Additionally, you may evaluate how the addition of FRN to your portfolios can decrease your overall portfolio volatility.
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