Healthcare Special Opportunities Fund Book Value Per Share
| MDS-UN Fund | CAD 13.01 0.01 0.08% |
Healthcare Special Opportunities fundamentals help investors to digest information that contributes to Healthcare Special's financial success or failures. It also enables traders to predict the movement of Healthcare Fund. The fundamental analysis module provides a way to measure Healthcare Special'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 Healthcare Special fund.
Healthcare |
Healthcare Special Opportunities Fund Book Value Per Share Analysis
Healthcare Special's Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
More About Book Value Per Share | All Equity Analysis
Book Value per Share | = | Common EquityAverage Shares |
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
In accordance with the recently published financial statements, the book value per share of Healthcare Special Opportunities is about 0.0 times. This indicator is about the same for the average (which is currently at 0.0) family and about the same as Book Value Per Share (which currently averages 0.0) category. This indicator is about the same for all Canada funds average (which is currently at 0.0).
Healthcare Book Value Per Share Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Healthcare Special's direct or indirect competition against its Book Value Per Share to detect undervalued stocks with similar characteristics or determine the funds which would be a good addition to a portfolio. Peer analysis of Healthcare Special could also be used in its relative valuation, which is a method of valuing Healthcare Special by comparing valuation metrics of similar companies.Healthcare Special is currently under evaluation in book value per share among similar funds.
About Healthcare Special Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Healthcare Special Opportunities's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Healthcare Special using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Healthcare Special Opportunities based on its fundamental data. In general, a quantitative approach, as applied to this fund, 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 Healthcare Special
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 Healthcare Special 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 Healthcare Special will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Healthcare Special could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Healthcare Special 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 Healthcare Special - 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 Healthcare Special Opportunities to buy it.
The correlation of Healthcare Special 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 Healthcare Special moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Healthcare Special 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 Healthcare Special 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 Healthcare Fund
Healthcare Special financial ratios help investors to determine whether Healthcare Fund 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 Healthcare with respect to the benefits of owning Healthcare Special security.
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