Global Dividend Growth Etf Fundamentals
| GDV Etf | CAD 12.15 0.12 1.00% |
Global Dividend Growth fundamentals help investors to digest information that contributes to Global Dividend's financial success or failures. It also enables traders to predict the movement of Global Etf. The fundamental analysis module provides a way to measure Global Dividend'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 Global Dividend etf.
Global |
Global Dividend Growth ETF Price To Book Analysis
Global Dividend's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current Global Dividend Price To Book | 1.28 X |
Most of Global Dividend's fundamental indicators, such as Price To Book, 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, Global Dividend Growth is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
| Competition |
Based on the latest financial disclosure, Global Dividend Growth has a Price To Book of 1.2843 times. This is much higher than that of the Financial Services family and significantly higher than that of the Asset Management category. The price to book for all Canada etfs is notably lower than that of the firm.
Global Dividend Growth Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Global Dividend's current stock value. Our valuation model uses many indicators to compare Global Dividend value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Global Dividend competition to find correlations between indicators driving Global Dividend's intrinsic value. More Info.Global Dividend Growth is one of the top ETFs in price to book as compared to similar ETFs. It also is one of the top ETFs in price to sales as compared to similar ETFs fabricating about 2.71 of Price To Sales per Price To Book. Comparative valuation analysis is a catch-all model that can be used if you cannot value Global Dividend by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Global Dividend's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Global Price To Book Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Global Dividend's direct or indirect competition against its Price To Book to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Global Dividend could also be used in its relative valuation, which is a method of valuing Global Dividend by comparing valuation metrics of similar companies.Global Dividend is currently under evaluation in price to book as compared to similar ETFs.
Global Fundamentals
| Shares Outstanding | 13.21 M | |||
| Number Of Shares Shorted | 11.29 K | |||
| Price To Book | 1.28 X | |||
| Price To Sales | 3.48 X | |||
| Net Income | (40.33 M) | |||
| Cash Flow From Operations | (76.64 M) | |||
| Short Ratio | 0.57 X | |||
| Earnings Per Share | (3.79) X | |||
| Market Capitalization | 133.7 M | |||
| Total Asset | 236.75 M | |||
| Annual Yield | 0.12 % | |||
| Net Asset | 236.75 M |
About Global Dividend Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Global Dividend Growth's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Global Dividend using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Global Dividend Growth 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.Global Dividend Growth Split Corp. is an equity mutual fund launched and managed by Brompton Funds Limited. Global Dividend Growth Split Corp. was formed on April 24, 2018 and is domiciled in Canada GLOBAL DIVIDEND operates under Asset Management classification in Canada and is traded on Toronto Stock Exchange.
Pair Trading with Global Dividend
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 Global Dividend 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 Global Dividend will appreciate offsetting losses from the drop in the long position's value.Moving together with Global Etf
| 0.95 | BNC | Purpose Canadian Fin | PairCorr |
| 0.84 | ZGQ | BMO MSCI All | PairCorr |
| 0.88 | XQQ | iShares NASDAQ 100 | PairCorr |
| 0.94 | QQC | Invesco NASDAQ 100 | PairCorr |
Moving against Global Etf
The ability to find closely correlated positions to Global Dividend could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Global Dividend 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 Global Dividend - 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 Global Dividend Growth to buy it.
The correlation of Global Dividend 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 Global Dividend moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Dividend Growth 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 Global Dividend 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.Other Information on Investing in Global Etf
Global Dividend financial ratios help investors to determine whether Global 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 Global with respect to the benefits of owning Global Dividend security.