Consumer Staples Select Etf Book Value Per Share
| XLP Etf | USD 79.94 0.28 0.35% |
Consumer Staples Select fundamentals help investors to digest information that contributes to Consumer Staples' financial success or failures. It also enables traders to predict the movement of Consumer Etf. The fundamental analysis module provides a way to measure Consumer Staples' 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 Consumer Staples etf.
Consumer |
Consumer Staples Select ETF Book Value Per Share Analysis
Consumer Staples' Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
More About Book Value Per Share | All Equity Analysis
Book Value per Share | = | Common EquityAverage Shares |
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
| Competition |
In accordance with the recently published financial statements, the book value per share of Consumer Staples Select is about 0.0 times. This indicator is about the same for the SPDR State Street Global Advisors average (which is currently at 0.0) family and about the same as Consumer Defensive (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
Consumer Book Value Per Share Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Consumer Staples' direct or indirect competition against its Book Value Per Share to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Consumer Staples could also be used in its relative valuation, which is a method of valuing Consumer Staples by comparing valuation metrics of similar companies.Consumer Staples is currently under evaluation in book value per share as compared to similar ETFs.
Fund Asset Allocation for Consumer Staples
The fund invests 99.89% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides Consumer Staples' 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.
Consumer Fundamentals
| Price To Earning | 3.66 X | |||
| Price To Book | 4.47 X | |||
| Price To Sales | 1.35 X | |||
| Gross Profit | 326.39 M | |||
| Earnings Per Share | 7.58 X | |||
| Number Of Employees | 13 | |||
| Beta | 0.59 | |||
| Market Capitalization | 15.9 B | |||
| Total Asset | 14.4 B | |||
| One Year Return | 14.50 % | |||
| Three Year Return | 4.80 % | |||
| Five Year Return | 7.80 % | |||
| Ten Year Return | 7.80 % | |||
| Net Asset | 14.4 B | |||
| Last Dividend Paid | 0.0903 | |||
| Equity Positions Weight | 99.89 % |
About Consumer Staples Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Consumer Staples Select's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Consumer Staples using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Consumer Staples Select 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 Consumer Staples
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 Consumer Staples 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 Consumer Staples will appreciate offsetting losses from the drop in the long position's value.Moving together with Consumer Etf
| 0.78 | VDC | Vanguard Consumer Staples | PairCorr |
| 0.8 | IYK | iShares Consumer Staples | PairCorr |
| 0.8 | KXI | iShares Global Consumer | PairCorr |
| 0.78 | FSTA | Fidelity MSCI Consumer | PairCorr |
The ability to find closely correlated positions to Consumer Staples could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Consumer Staples 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 Consumer Staples - 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 Consumer Staples Select to buy it.
The correlation of Consumer Staples 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 Consumer Staples moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Consumer Staples Select 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 Consumer Staples 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 Consumer Staples Piotroski F Score and Consumer Staples Altman Z Score analysis. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
The market value of Consumer Staples Select is measured differently than its book value, which is the value of Consumer that is recorded on the company's balance sheet. Investors also form their own opinion of Consumer Staples' value that differs from its market value or its book value, called intrinsic value, which is Consumer Staples' 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 Consumer Staples' market value can be influenced by many factors that don't directly affect Consumer Staples' 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 Consumer Staples' value and its price as these two are different measures arrived at by different means. Investors typically determine if Consumer Staples is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Consumer Staples' 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.