Is ALPS Equal Sector Weight ETF a Strong ETF Right Now?
| XLY Etf | USD 220.82 2.19 0.98% |
Slightly above 62% of Consumer Discretionary's investor base is looking to short. The current sentiment regarding investing in Consumer Discretionary Select etf implies that many traders are alarmed. Consumer Discretionary's investing sentiment can be driven by a variety of factors including economic data, Consumer Discretionary's earnings reports, geopolitical events, and overall market trends.
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Consumer Discretionary Fundamental Analysis
We analyze Consumer Discretionary's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Consumer Discretionary using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Consumer Discretionary 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.
Total Asset
Total Asset Comparative Analysis
Consumer Discretionary is currently under evaluation in total asset as compared to similar ETFs. Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Consumer Discretionary 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 Consumer Discretionary etf to make a market-neutral strategy. Peer analysis of Consumer Discretionary could also be used in its relative valuation, which is a method of valuing Consumer Discretionary by comparing valuation metrics with similar companies.
Peers
Consumer Discretionary Related Equities
| XLV | Health Care | 0.56 |
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| XLB | Materials Select | 1.02 |
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| XLI | Industrial Select | 1.12 |
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| XLP | Consumer Staples | 1.34 |
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| XLK | Technology Select | 2.18 |
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Check out Consumer Discretionary Hype Analysis, Consumer Discretionary Correlation and Consumer Discretionary Performance. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
The market value of Consumer Discretionary 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 Discretionary's value that differs from its market value or its book value, called intrinsic value, which is Consumer Discretionary'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 Consumer Discretionary's market value can be influenced by many factors that don't directly affect Consumer Discretionary'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 Consumer Discretionary's value and its price as these two are different measures arrived at by different means. Investors typically determine if Consumer Discretionary is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Consumer Discretionary'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.