Picton Mahoney Fortified Etf Equity Positions Weight
| PFAA Etf | 11.87 0.01 0.08% |
Picton Mahoney Fortified fundamentals help investors to digest information that contributes to Picton Mahoney's financial success or failures. It also enables traders to predict the movement of Picton Etf. The fundamental analysis module provides a way to measure Picton Mahoney'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 Picton Mahoney etf.
Picton |
Picton Mahoney Fortified ETF Equity Positions Weight Analysis
Picton Mahoney's Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
More About Equity Positions Weight | All Equity Analysis
Stock Percentage | = | % of Equities | in the fund |
Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
| Competition |
According to the company disclosure, Picton Mahoney Fortified has an Equity Positions Weight of 0.0%. This indicator is about the same for the average (which is currently at 0.0) family and about the same as Alternative Multi - Strategy (which currently averages 0.0) category. This indicator is about the same for all Canada etfs average (which is currently at 0.0).
Picton Equity Positions Weight Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Picton Mahoney's direct or indirect competition against its Equity Positions Weight to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Picton Mahoney could also be used in its relative valuation, which is a method of valuing Picton Mahoney by comparing valuation metrics of similar companies.Picton Mahoney is currently under evaluation in equity positions weight as compared to similar ETFs.
About Picton Mahoney Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Picton Mahoney Fortified's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Picton Mahoney using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Picton Mahoney Fortified 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 Picton Mahoney
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 Picton Mahoney 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 Picton Mahoney will appreciate offsetting losses from the drop in the long position's value.Moving together with Picton Etf
Moving against Picton Etf
| 0.88 | NALT | NBI Liquid Alternatives | PairCorr |
| 0.85 | VRE | Vanguard FTSE Canadian | PairCorr |
| 0.82 | HQD | BetaPro NASDAQ 100 | PairCorr |
| 0.74 | HIU | BetaPro SP 500 | PairCorr |
| 0.73 | HXD | BetaPro SPTSX 60 | PairCorr |
The ability to find closely correlated positions to Picton Mahoney could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Picton Mahoney 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 Picton Mahoney - 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 Picton Mahoney Fortified to buy it.
The correlation of Picton Mahoney 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 Picton Mahoney moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Picton Mahoney Fortified 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 Picton Mahoney 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 Picton Etf
Picton Mahoney financial ratios help investors to determine whether Picton 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 Picton with respect to the benefits of owning Picton Mahoney security.