Bondbloxx Etf Trust Etf Working Capital
| XTWO Etf | USD 49.22 0.02 0.04% |
Bondbloxx ETF Trust fundamentals help investors to digest information that contributes to Bondbloxx ETF's financial success or failures. It also enables traders to predict the movement of Bondbloxx Etf. The fundamental analysis module provides a way to measure Bondbloxx ETF'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 Bondbloxx ETF etf.
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Bondbloxx ETF Trust ETF Working Capital Analysis
Bondbloxx ETF's Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
More About Working Capital | All Equity Analysis
Working Capital | = | Current Assets | - | Current Liabilities |
Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
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As per the company's disclosures, Bondbloxx ETF Trust has a Working Capital of 0.0. This indicator is about the same for the BondBloxx Investment Management average (which is currently at 0.0) family and about the same as Short Government (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
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Theme RatingsDetermine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Bondbloxx Fundamentals
| Total Asset | 35.17 M | |||
| One Year Return | 4.90 % | |||
| Net Asset | 35.17 M |
About Bondbloxx ETF Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Bondbloxx ETF Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bondbloxx ETF using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bondbloxx ETF Trust 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 Bondbloxx ETF
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 Bondbloxx ETF 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 Bondbloxx ETF will appreciate offsetting losses from the drop in the long position's value.Moving together with Bondbloxx Etf
| 0.95 | SHY | iShares 1 3 Sell-off Trend | PairCorr |
| 0.87 | LMBS | First Trust Low | PairCorr |
| 0.94 | SPTS | SPDR Barclays Short | PairCorr |
| 0.98 | AGZ | iShares Agency Bond | PairCorr |
Moving against Bondbloxx Etf
| 0.47 | VO | Vanguard Mid Cap Potential Growth | PairCorr |
| 0.46 | SPY | SPDR SP 500 | PairCorr |
| 0.46 | IVV | iShares Core SP | PairCorr |
| 0.45 | VTI | Vanguard Total Stock | PairCorr |
| 0.45 | VTV | Vanguard Value Index Potential Growth | PairCorr |
The ability to find closely correlated positions to Bondbloxx ETF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bondbloxx ETF 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 Bondbloxx ETF - 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 Bondbloxx ETF Trust to buy it.
The correlation of Bondbloxx ETF 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 Bondbloxx ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bondbloxx ETF Trust 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 Bondbloxx ETF 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 Bondbloxx ETF Piotroski F Score and Bondbloxx ETF Altman Z Score analysis. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
The market value of Bondbloxx ETF Trust is measured differently than its book value, which is the value of Bondbloxx that is recorded on the company's balance sheet. Investors also form their own opinion of Bondbloxx ETF's value that differs from its market value or its book value, called intrinsic value, which is Bondbloxx ETF'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 Bondbloxx ETF's market value can be influenced by many factors that don't directly affect Bondbloxx ETF'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 Bondbloxx ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bondbloxx ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bondbloxx ETF'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.