Smartetfs Smart Transportation Etf Beneish M Score
| MOTO Etf | USD 41.98 0.04 0.1% |
SmartETFs |
At this time, SmartETFs Smart's M Score is inapplicable. The earnings manipulation may begin if SmartETFs Smart's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by SmartETFs Smart executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of SmartETFs Smart's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-4.84
Beneish M Score - Inapplicable
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About SmartETFs Smart Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze SmartETFs Smart Transportation's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of SmartETFs Smart using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of SmartETFs Smart Transportation 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 SmartETFs Smart
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 SmartETFs Smart 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 SmartETFs Smart will appreciate offsetting losses from the drop in the long position's value.Moving together with SmartETFs Etf
| 0.84 | VT | Vanguard Total World | PairCorr |
| 0.72 | ACWI | iShares MSCI ACWI | PairCorr |
| 0.91 | IOO | iShares Global 100 | PairCorr |
| 0.86 | URTH | iShares MSCI World | PairCorr |
Moving against SmartETFs Etf
The ability to find closely correlated positions to SmartETFs Smart could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SmartETFs Smart 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 SmartETFs Smart - 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 SmartETFs Smart Transportation to buy it.
The correlation of SmartETFs Smart 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 SmartETFs Smart moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SmartETFs Smart Tran 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 SmartETFs Smart 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 SmartETFs Smart Piotroski F Score and SmartETFs Smart Altman Z Score analysis. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
The market value of SmartETFs Smart Tran is measured differently than its book value, which is the value of SmartETFs that is recorded on the company's balance sheet. Investors also form their own opinion of SmartETFs Smart's value that differs from its market value or its book value, called intrinsic value, which is SmartETFs Smart's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SmartETFs Smart's market value can be influenced by many factors that don't directly affect SmartETFs Smart's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SmartETFs Smart's value and its price as these two are different measures arrived at by different means. Investors typically determine if SmartETFs Smart is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SmartETFs Smart's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.