Viix Etf Beta
| VIIX Etf | USD 3.15 0.00 0.00% |
VIIX fundamentals help investors to digest information that contributes to VIIX's financial success or failures. It also enables traders to predict the movement of VIIX Etf. The fundamental analysis module provides a way to measure VIIX'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 VIIX etf.
VIIX |
VIIX ETF Beta Analysis
VIIX's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current VIIX Beta | 26.78 |
Most of VIIX's fundamental indicators, such as Beta, 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, VIIX is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
CompetitionIn accordance with the recently published financial statements, VIIX has a Beta of 26.78. This is much higher than that of the Credit Suisse AG family and significantly higher than that of the Trading--Miscellaneous category. The beta for all United States etfs is notably lower than that of the firm.
VIIX Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses VIIX's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of VIIX could also be used in its relative valuation, which is a method of valuing VIIX by comparing valuation metrics of similar companies.VIIX is rated below average in beta as compared to similar ETFs.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, VIIX will likely underperform.
VIIX Fundamentals
| Number Of Employees | 164 | |||
| Beta | 26.78 | |||
| Total Asset | 50.95 M | |||
| Three Year Return | 23.20 % | |||
| Five Year Return | 0.40 % | |||
| Ten Year Return | (33.50) % | |||
| Net Asset | 50.95 M |
About VIIX Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze VIIX's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of VIIX using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of VIIX 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.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether VIIX offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of VIIX's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Viix Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Viix Etf: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 gross domestic product. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
The market value of VIIX is measured differently than its book value, which is the value of VIIX that is recorded on the company's balance sheet. Investors also form their own opinion of VIIX's value that differs from its market value or its book value, called intrinsic value, which is VIIX'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 VIIX's market value can be influenced by many factors that don't directly affect VIIX'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 VIIX's value and its price as these two are different measures arrived at by different means. Investors typically determine if VIIX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VIIX'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.