Betapro Natural Gas Etf Current Valuation
| HND Etf | CAD 5.40 0.15 2.86% |
Valuation analysis of BetaPro Natural Gas helps investors to measure BetaPro Natural's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns.
Overvalued
Today
Please note that BetaPro Natural's price fluctuation is very risky at this time. Calculation of the real value of BetaPro Natural Gas is based on 3 months time horizon. Increasing BetaPro Natural's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since BetaPro Natural is currently traded on the exchange, buyers and sellers on that exchange determine the market value of BetaPro Etf. However, BetaPro Natural's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 5.4 | Real 5.29 | Hype 5.19 | Naive 5.77 |
The intrinsic value of BetaPro Natural's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence BetaPro Natural's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of BetaPro Natural Gas helps investors to forecast how BetaPro etf's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of BetaPro Natural more accurately as focusing exclusively on BetaPro Natural's fundamentals will not take into account other important factors: BetaPro Natural Gas ETF Current Valuation Analysis
BetaPro Natural's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, BetaPro Natural Gas has a Current Valuation of 0.0. This indicator is about the same for the Horizons ETFs Management (Canada) Inc average (which is currently at 0.0) family and about the same as Passive Inverse/Leveraged (which currently averages 0.0) category. This indicator is about the same for all Canada etfs average (which is currently at 0.0).
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BetaPro Fundamentals
| Price To Earning | 14.32 X | |||
| Total Asset | 21.01 M | |||
| One Year Return | (80.10) % | |||
| Three Year Return | (39.30) % | |||
| Five Year Return | (58.10) % | |||
| Ten Year Return | (32.30) % | |||
| Net Asset | 21.01 M |
About BetaPro Natural Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze BetaPro Natural Gas's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of BetaPro Natural using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of BetaPro Natural Gas 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 BetaPro Natural
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 Natural 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 Natural will appreciate offsetting losses from the drop in the long position's value.Moving against BetaPro Etf
| 0.91 | HNU | BetaPro Natural Gas | PairCorr |
| 0.79 | HGU | BetaPro Canadian Gold | PairCorr |
| 0.73 | ZGD | BMO Equal Weight | PairCorr |
| 0.47 | HSD | BetaPro SP 500 | PairCorr |
| 0.39 | HQD | BetaPro NASDAQ 100 | PairCorr |
The ability to find closely correlated positions to BetaPro Natural 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 Natural 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 Natural - 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 Natural Gas to buy it.
The correlation of BetaPro Natural 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 Natural moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BetaPro Natural Gas 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 Natural 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 Natural 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 Natural security.