Betapro Crude Oil Etf Fundamentals
| HOD Etf | CAD 6.60 0.14 2.08% |
BetaPro Crude Oil fundamentals help investors to digest information that contributes to BetaPro Crude'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 Crude'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 Crude etf.
BetaPro |
BetaPro Crude Oil ETF Price To Sales Analysis
BetaPro Crude'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 BetaPro Crude Price To Sales | 1.15 X |
Most of BetaPro Crude'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, BetaPro Crude Oil 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.
| Competition |
Based on the latest financial disclosure, BetaPro Crude Oil has a Price To Sales of 1.15 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 sales for all Canada etfs is notably lower than that of the firm.
BetaPro Crude Oil Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining BetaPro Crude's current stock value. Our valuation model uses many indicators to compare BetaPro Crude value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across BetaPro Crude competition to find correlations between indicators driving BetaPro Crude's intrinsic value. More Info.BetaPro Crude Oil is rated # 2 ETF in price to earning as compared to similar ETFs. It is one of the top ETFs in price to book as compared to similar ETFs fabricating about 0.07 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for BetaPro Crude Oil is roughly 13.89 . Comparative valuation analysis is a catch-all model that can be used if you cannot value BetaPro Crude by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for BetaPro Crude'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.Did you try this?
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BetaPro Fundamentals
| Price To Earning | 19.44 X | |||
| Price To Book | 1.40 X | |||
| Price To Sales | 1.15 X | |||
| Total Asset | 40.49 M | |||
| One Year Return | (4.60) % | |||
| Three Year Return | (22.50) % | |||
| Five Year Return | (46.60) % | |||
| Ten Year Return | (29.30) % | |||
| Net Asset | 40.49 M | |||
| Holdings Turnover | 713.24 % |
About BetaPro Crude Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze BetaPro Crude Oil's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of BetaPro Crude using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of BetaPro Crude Oil 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.The investment seeks to replicate two times the inverse of the daily performance, net of expenses, of the NYMEX light sweet crude oil futures contract for the next delivery month. BETAPRO CRUDE is traded on Toronto Stock Exchange in Canada.
Pair Trading with BetaPro Crude
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 Crude 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 Crude will appreciate offsetting losses from the drop in the long position's value.Moving against BetaPro Etf
The ability to find closely correlated positions to BetaPro Crude 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 Crude 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 Crude - 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 Crude Oil to buy it.
The correlation of BetaPro Crude 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 Crude moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BetaPro Crude Oil 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 Crude 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 Crude 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 Crude security.