Picton Mahoney Fortified Etf Market Capitalization
| PFAE Etf | CAD 21.25 0.10 0.47% |
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.
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Picton Mahoney Fortified ETF Market Capitalization Analysis
Picton Mahoney's Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
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Based on the recorded statements, the market capitalization of Picton Mahoney Fortified is about 0.0. This indicator is about the same for the Picton Mahoney Asset Management average (which is currently at 0.0) family and about the same as Market Capitalization (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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Fund Asset Allocation for Picton Mahoney
The fund consists of 98.97% investments in stocks, with the rest of investments allocated between bondsand various exotic instruments.Asset allocation divides Picton Mahoney's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Picton Fundamentals
| Total Asset | 58.66 M | |||
| One Year Return | (11.33) % | |||
| Three Year Return | 11.92 % | |||
| Net Asset | 58.66 M | |||
| Equity Positions Weight | 98.97 % | |||
| Bond Positions Weight | 0.19 % |
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
| 0.76 | XIU | iShares SPTSX 60 | PairCorr |
| 0.74 | XSP | iShares Core SP | PairCorr |
| 0.74 | XIC | iShares Core SPTSX | PairCorr |
| 0.68 | ZAG | BMO Aggregate Bond | PairCorr |
| 0.69 | XBB | iShares Canadian Universe | PairCorr |
Moving against Picton Etf
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.