Ether Fund Beneish M Score

QETH-UN Etf   75.81  0.66  0.88%   
This module uses fundamental data of Ether Fund to approximate the value of its Beneish M Score. Ether Fund M Score tells investors if the company management is likely to be manipulating earnings. The score is calculated using eight financial indicators that are adjusted by a specific multiplier. Please note, the M Score is a probabilistic model and cannot detect companies that manipulate their earnings with 100% accuracy. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ether Fund. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
  
At this time, Ether Fund's M Score is inapplicable. The earnings manipulation may begin if Ether Fund'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 Ether Fund 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 Ether Fund'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
Elasticity of Receivables

N/A

Focus
Asset Quality

N/A

Focus
Expense Coverage

N/A

Focus
Gross Margin Strengs

N/A

Focus
Accruals Factor

N/A

Focus
Depreciation Resistance

N/A

Focus
Net Sales Growth

N/A

Focus
Financial Leverage Condition

N/A

Focus

Did you try this?

Run Volatility Analysis Now

   

Volatility Analysis

Get historical volatility and risk analysis based on latest market data
All  Next Launch Module

About Ether Fund Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Ether Fund's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ether Fund using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ether Fund 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 Ether Fund

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 Ether Fund 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 Ether Fund will appreciate offsetting losses from the drop in the long position's value.

Moving together with Ether Etf

  0.89XIU iShares SPTSX 60PairCorr
  0.91XSP iShares Core SPPairCorr
  0.87XIC iShares Core SPTSXPairCorr
  0.61ZAG BMO Aggregate BondPairCorr
The ability to find closely correlated positions to Ether Fund could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ether Fund 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 Ether Fund - 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 Ether Fund to buy it.
The correlation of Ether Fund 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 Ether Fund moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ether Fund 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 Ether Fund 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Ether Etf

Ether Fund financial ratios help investors to determine whether Ether 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 Ether with respect to the benefits of owning Ether Fund security.