Spine Injury Solutions Etf Ten Year Return
| SPIN Etf | USD 0.15 31.10 99.52% |
Spine Injury Solutions fundamentals help investors to digest information that contributes to Spine Injury's financial success or failures. It also enables traders to predict the movement of Spine Etf. The fundamental analysis module provides a way to measure Spine Injury'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 Spine Injury etf.
Spine |
Spine Injury Solutions ETF Ten Year Return Analysis
Spine Injury's Ten Year Return shows the total annualized return generated from holding a fund for the last 10 years and represents fund's capital appreciation, including dividends losses and capital gains distributions. This return indicator is considered by many investors to be the ultimate measures of fund performance and can reflect the overall performance of the market or market segment it invests in.
More About Ten Year Return | All Equity Analysis
Ten Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Although Ten Year Fund Return indicator can give a sense of overall fund long-term potential, it is recommended to compare funds performances against other similar funds or market benchmarks for the same 10-year interval.
| Competition |
Based on the latest financial disclosure, Spine Injury Solutions has a Ten Year Return of 0.0%. This indicator is about the same for the Health Care Providers & Services average (which is currently at 0.0) family and about the same as Health Care (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
Spine Ten Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Spine Injury's direct or indirect competition against its Ten 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 Spine Injury could also be used in its relative valuation, which is a method of valuing Spine Injury by comparing valuation metrics of similar companies.Spine Injury is currently under evaluation in ten year return as compared to similar ETFs.
Spine Fundamentals
| Return On Equity | -6.31 | ||||
| Return On Asset | -0.8 | ||||
| Current Valuation | 3.44 M | ||||
| Shares Outstanding | 28.22 M | ||||
| Shares Owned By Insiders | 46.80 % | ||||
| Price To Earning | (5.64) X | ||||
| Price To Book | 5.75 X | ||||
| Price To Sales | 18.36 X | ||||
| Revenue | 168.88 K | ||||
| Gross Profit | 168.88 K | ||||
| EBITDA | (167.22 K) | ||||
| Net Income | (140.37 K) | ||||
| Cash And Equivalents | 17.6 K | ||||
| Total Debt | 395 K | ||||
| Current Ratio | 87.97 X | ||||
| Book Value Per Share | 0.01 X | ||||
| Cash Flow From Operations | (177.44 K) | ||||
| Earnings Per Share | (0) X | ||||
| Beta | 0.96 | ||||
| Market Capitalization | 3.37 M | ||||
| Total Asset | 43.7 K | ||||
| Retained Earnings | (20.28 M) | ||||
| Working Capital | (388.8 K) | ||||
| Current Asset | 1.83 M | ||||
| Current Liabilities | 1.75 M | ||||
| Annual Yield | 0.01 % | ||||
| Net Asset | 43.7 K |
About Spine Injury Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Spine Injury Solutions's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Spine Injury using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Spine Injury Solutions 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 Spine Injury
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 Spine Injury 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 Spine Injury will appreciate offsetting losses from the drop in the long position's value.Moving together with Spine Etf
Moving against Spine Etf
| 0.79 | EKSO | Ekso Bionics Holdings | PairCorr |
| 0.79 | ELAB | Elevai Labs, Common | PairCorr |
| 0.68 | EDAP | EDAP TMS SA | PairCorr |
| 0.66 | VERO | Venus Concept | PairCorr |
| 0.65 | DRIO | DarioHealth Corp | PairCorr |
The ability to find closely correlated positions to Spine Injury could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spine Injury 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 Spine Injury - 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 Spine Injury Solutions to buy it.
The correlation of Spine Injury 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 Spine Injury moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spine Injury Solutions 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 Spine Injury 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 Spine Etf
Spine Injury financial ratios help investors to determine whether Spine 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 Spine with respect to the benefits of owning Spine Injury security.