XLK If You Are Underweight Tech Stocks, This ETF Is For You - Seeking Alpha
| XLK Etf | MXN 4,795 15.00 0.31% |
Slightly above 53% of Select Sector's investor base is interested to short. The current sentiment regarding investing in The Select Sector etf implies that many traders are impartial. Select Sector's investing sentiment can be driven by a variety of factors including economic data, Select Sector's earnings reports, geopolitical events, and overall market trends.
Select |
XLK If You Are Underweight Tech Stocks, This ETF Is For You Seeking Alpha
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Select Sector Fundamental Analysis
We analyze Select Sector's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Select Sector using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Select Sector 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.
One Year Return
One Year Return Comparative Analysis
Select Sector is currently under evaluation in one year return as compared to similar ETFs. One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Select Sector Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Select Sector etf to make a market-neutral strategy. Peer analysis of Select Sector could also be used in its relative valuation, which is a method of valuing Select Sector by comparing valuation metrics with similar companies.
Peers
Select Sector Related Equities
| QQQ | Invesco QQQ | 0.23 | ||||
| VOO | Vanguard Index | 0.37 | ||||
| VTI | Vanguard Index | 0.37 | ||||
| SPY | SPDR SP | 0.52 | ||||
| VWO | Vanguard International | 0.60 | ||||
| VEA | Vanguard Tax | 0.84 | ||||
| BND | Vanguard Bond | 1.51 |
Other Information on Investing in Select Etf
Select Sector financial ratios help investors to determine whether Select 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 Select with respect to the benefits of owning Select Sector security.