Betapro Sptsx Capped Etf Fundamentals
| HFU Etf | CAD 32.55 0.15 0.46% |
BetaPro SPTSX Capped fundamentals help investors to digest information that contributes to BetaPro SPTSX's financial success or failures. It also enables traders to predict the movement of BetaPro Etf. The fundamental analysis module provides a way to measure BetaPro SPTSX'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 BetaPro SPTSX etf.
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BetaPro SPTSX Capped ETF Price To Earning Analysis
BetaPro SPTSX's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current BetaPro SPTSX Price To Earning | 12.72 X |
Most of BetaPro SPTSX's fundamental indicators, such as Price To Earning, 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, BetaPro SPTSX Capped is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
Based on the latest financial disclosure, BetaPro SPTSX Capped has a Price To Earning of 12.72 times. This is much higher than that of the Horizons ETFs Management (Canada) Inc family and significantly higher than that of the Passive Inverse/Leveraged category. The price to earning for all Canada etfs is notably lower than that of the firm.
BetaPro Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses BetaPro SPTSX's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of BetaPro SPTSX could also be used in its relative valuation, which is a method of valuing BetaPro SPTSX by comparing valuation metrics of similar companies.BetaPro SPTSX is currently under evaluation in price to earning as compared to similar ETFs.
Fund Asset Allocation for BetaPro SPTSX
The fund invests 100.0% of asset under management in tradable equity instruments, with the rest of investments concentrated in .Asset allocation divides BetaPro SPTSX'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.
BetaPro Fundamentals
| Price To Earning | 12.72 X | |||
| Total Asset | 22.58 M | |||
| One Year Return | 91.40 % | |||
| Three Year Return | 15.10 % | |||
| Five Year Return | 16.10 % | |||
| Ten Year Return | 13.90 % | |||
| Net Asset | 22.58 M | |||
| Holdings Turnover | 44.75 % | |||
| Equity Positions Weight | 100.00 % |
About BetaPro SPTSX Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze BetaPro SPTSX Capped's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of BetaPro SPTSX using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of BetaPro SPTSX Capped 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.HFU seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times the daily performance of the SPTSX Capped Financials Index. BETAPRO SP is traded on Toronto Stock Exchange in Canada.
Pair Trading with BetaPro SPTSX
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 BetaPro SPTSX 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 BetaPro SPTSX will appreciate offsetting losses from the drop in the long position's value.Moving together with BetaPro Etf
Moving against BetaPro Etf
| 0.98 | HXD | BetaPro SPTSX 60 | PairCorr |
| 0.92 | HSD | BetaPro SP 500 | PairCorr |
| 0.89 | HQD | BetaPro NASDAQ 100 | PairCorr |
| 0.59 | TCLB | TD Canadian Long | PairCorr |
| 0.56 | RIT | CI Canadian REIT | PairCorr |
The ability to find closely correlated positions to BetaPro SPTSX could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BetaPro SPTSX 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 BetaPro SPTSX - 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 BetaPro SPTSX Capped to buy it.
The correlation of BetaPro SPTSX 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 BetaPro SPTSX moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BetaPro SPTSX Capped 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 BetaPro SPTSX 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 BetaPro Etf
BetaPro SPTSX financial ratios help investors to determine whether BetaPro 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 BetaPro with respect to the benefits of owning BetaPro SPTSX security.