Indexiq Etf Current Ratio
IndexIQ fundamentals help investors to digest information that contributes to IndexIQ's financial success or failures. It also enables traders to predict the movement of IndexIQ Etf. The fundamental analysis module provides a way to measure IndexIQ'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 IndexIQ etf.
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IndexIQ ETF Current Ratio Analysis
IndexIQ's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current IndexIQ Current Ratio | 0.24 X |
Most of IndexIQ's fundamental indicators, such as Current Ratio, 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, IndexIQ is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
CompetitionIn accordance with the recently published financial statements, IndexIQ has a Current Ratio of 0.24 times. This is much higher than that of the IndexIQ family and significantly higher than that of the Ultrashort Bond category. The current ratio for all United States etfs is notably lower than that of the firm.
IndexIQ Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses IndexIQ's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of IndexIQ could also be used in its relative valuation, which is a method of valuing IndexIQ by comparing valuation metrics of similar companies.IndexIQ is currently under evaluation in current ratio as compared to similar ETFs.
Fund Asset Allocation for IndexIQ
The fund invests most of its assets under management in various types of exotic instruments, with the rest of asset invested in bonds.Asset allocation divides IndexIQ'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.
IndexIQ Fundamentals
| Return On Asset | 0.002 | |||
| Profit Margin | (0.22) % | |||
| Operating Margin | 0.01 % | |||
| Current Valuation | 417.3 M | |||
| Shares Outstanding | 140.73 M | |||
| Shares Owned By Insiders | 86.34 % | |||
| Shares Owned By Institutions | 8.90 % | |||
| Number Of Shares Shorted | 120 K | |||
| Price To Earning | 57.76 X | |||
| Price To Book | 0.06 X | |||
| Price To Sales | 0.05 X | |||
| Revenue | 307.59 M | |||
| Gross Profit | 105 M | |||
| Net Income | (66.42 M) | |||
| Cash And Equivalents | 45.6 M | |||
| Cash Per Share | 0.32 X | |||
| Total Debt | 446.01 M | |||
| Debt To Equity | 1.59 % | |||
| Current Ratio | 0.24 X | |||
| Cash Flow From Operations | 44.87 M | |||
| Earnings Per Share | (0.78) X | |||
| Number Of Employees | 1.33 K | |||
| Beta | 0.07 | |||
| Total Asset | 85.25 M | |||
| Retained Earnings | (163.39 M) | |||
| Working Capital | (402 M) | |||
| Current Asset | 130 M | |||
| Current Liabilities | 532 M | |||
| One Year Return | 5.50 % | |||
| Three Year Return | 2.20 % | |||
| Net Asset | 85.25 M | |||
| Last Dividend Paid | 0.0383 | |||
| Bond Positions Weight | 23.22 % |
Pair Trading with IndexIQ
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 IndexIQ 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 IndexIQ will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Dominion Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dominion Energy 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 Dominion Energy - 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 Dominion Energy to buy it.
The correlation of Dominion Energy 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 Dominion Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dominion Energy 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 Dominion Energy 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 World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Other Tools for IndexIQ Etf
When running IndexIQ's price analysis, check to measure IndexIQ's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy IndexIQ is operating at the current time. Most of IndexIQ's value examination focuses on studying past and present price action to predict the probability of IndexIQ's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IndexIQ's price. Additionally, you may evaluate how the addition of IndexIQ to your portfolios can decrease your overall portfolio volatility.
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