Goldman Sachs Etf Beta
Goldman Sachs fundamentals help investors to digest information that contributes to Goldman Sachs' financial success or failures. It also enables traders to predict the movement of Goldman Etf. The fundamental analysis module provides a way to measure Goldman Sachs' 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 Goldman Sachs etf.
Goldman |
Goldman Sachs ETF Beta Analysis
Goldman Sachs' 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 Goldman Sachs Beta | -0.77 |
Most of Goldman Sachs' 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, Goldman Sachs 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.
CompetitionIn accordance with the recently published financial statements, Goldman Sachs has a Beta of -0.77. This is much lower than that of the Goldman Sachs family and significantly lower than that of the Industrials category. The beta for all United States etfs is notably higher than that of the company.
Goldman Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Goldman Sachs' 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 Goldman Sachs could also be used in its relative valuation, which is a method of valuing Goldman Sachs by comparing valuation metrics of similar companies.Goldman Sachs is rated # 2 ETF in beta as compared to similar ETFs.
Fund Asset Allocation for Goldman Sachs
The fund invests 99.95% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides Goldman Sachs' 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, returns on owning Goldman Sachs are expected to decrease at a much lower rate. During the bear market, Goldman Sachs is likely to outperform the market.
Goldman Fundamentals
| Return On Asset | -0.03 | |||
| Profit Margin | (0.02) % | |||
| Operating Margin | (0.02) % | |||
| Current Valuation | 106.77 M | |||
| Shares Outstanding | 19.41 M | |||
| Shares Owned By Insiders | 54.12 % | |||
| Shares Owned By Institutions | 29.20 % | |||
| Number Of Shares Shorted | 1.52 M | |||
| Price To Earning | (0.10) X | |||
| Price To Book | 0.58 X | |||
| Price To Sales | 0.02 X | |||
| Revenue | 657.86 M | |||
| Gross Profit | 274.41 M | |||
| Net Income | (4.34 M) | |||
| Cash And Equivalents | 6.97 M | |||
| Cash Per Share | 0.43 X | |||
| Total Debt | 45.73 M | |||
| Debt To Equity | 3.76 % | |||
| Current Ratio | 1.00 X | |||
| Cash Flow From Operations | 8.61 M | |||
| Earnings Per Share | (0.59) X | |||
| Number Of Employees | 1.63 K | |||
| Beta | -0.77 | |||
| Market Capitalization | 1.17 M | |||
| Total Asset | 48.2 M | |||
| Retained Earnings | (19.73 M) | |||
| Working Capital | 22.22 M | |||
| Current Asset | 137.16 M | |||
| Current Liabilities | 114.93 M | |||
| Z Score | 2.0 | |||
| One Year Return | 37.62 % | |||
| Net Asset | 48.2 M | |||
| Last Dividend Paid | 0.056 | |||
| Equity Positions Weight | 99.95 % |
Pair Trading with Goldman Sachs
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 Goldman Sachs 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 Goldman Sachs will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to CarMax could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CarMax 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 CarMax - 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 CarMax Inc to buy it.
The correlation of CarMax 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 CarMax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CarMax Inc 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 CarMax 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 Risk vs Return Analysis 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 nation. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Other Tools for Goldman Etf
When running Goldman Sachs' price analysis, check to measure Goldman Sachs' 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 Goldman Sachs is operating at the current time. Most of Goldman Sachs' value examination focuses on studying past and present price action to predict the probability of Goldman Sachs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goldman Sachs' price. Additionally, you may evaluate how the addition of Goldman Sachs to your portfolios can decrease your overall portfolio volatility.
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