Hilton Small Midcap Opportunity Etf Fundamentals
| SMCO Etf | 23.79 0.64 2.76% |
Hilton Small MidCap Opportunity fundamentals help investors to digest information that contributes to Hilton Small's financial success or failures. It also enables traders to predict the movement of Hilton Etf. The fundamental analysis module provides a way to measure Hilton Small'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 Hilton Small etf.
Hilton |
Hilton Small MidCap Opportunity ETF One Year Return Analysis
Hilton Small's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Hilton Small One Year Return | (1.20) % |
Most of Hilton Small's fundamental indicators, such as One Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Hilton Small MidCap Opportunity is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
| Competition |
Based on the recorded statements, Hilton Small MidCap Opportunity has an One Year Return of -1.2%. This is much lower than that of the family and significantly lower than that of the Mid-Cap Blend category. The one year return for all United States etfs is notably higher than that of the company.
Hilton One Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Hilton Small's direct or indirect competition against its One Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Hilton Small could also be used in its relative valuation, which is a method of valuing Hilton Small by comparing valuation metrics of similar companies.Hilton Small is currently under evaluation in one year return as compared to similar ETFs.
About Hilton Small Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Hilton Small MidCap Opportunity's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hilton Small using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hilton Small MidCap Opportunity 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.Hilton Small is entity of United States. It is traded as Etf on NASDAQ exchange.
Pair Trading with Hilton Small
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 Hilton Small 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 Hilton Small will appreciate offsetting losses from the drop in the long position's value.Moving together with Hilton Etf
| 0.9 | VO | Vanguard Mid Cap | PairCorr |
| 0.98 | VXF | Vanguard Extended Market | PairCorr |
| 0.98 | IJH | iShares Core SP | PairCorr |
| 0.94 | IWR | iShares Russell Mid | PairCorr |
| 0.98 | MDY | SPDR SP MIDCAP | PairCorr |
Moving against Hilton Etf
The ability to find closely correlated positions to Hilton Small could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hilton Small 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 Hilton Small - 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 Hilton Small MidCap Opportunity to buy it.
The correlation of Hilton Small 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 Hilton Small moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hilton Small MidCap 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 Hilton Small 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 Hilton Small Piotroski F Score and Hilton Small Altman Z Score analysis. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
The market value of Hilton Small MidCap is measured differently than its book value, which is the value of Hilton that is recorded on the company's balance sheet. Investors also form their own opinion of Hilton Small's value that differs from its market value or its book value, called intrinsic value, which is Hilton Small'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 Hilton Small's market value can be influenced by many factors that don't directly affect Hilton Small'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 Hilton Small's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hilton Small is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hilton Small'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.