Technical Pivots with Risk Controls - Stock Traders Daily
| XRLX Etf | 45.66 0.01 0.02% |
Slightly above 55% of FundX Investment's investor base is interested to short. The current sentiment regarding investing in FundX Investment Trust etf implies that many traders are impartial. FundX Investment's investing sentiment can be driven by a variety of factors including economic data, FundX Investment's earnings reports, geopolitical events, and overall market trends.
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Technical Pivots with Risk Controls Stock Traders Daily
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FundX Investment Fundamental Analysis
We analyze FundX Investment's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of FundX Investment using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of FundX Investment 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.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
FundX Investment is rated first in probability of bankruptcy as compared to similar ETFs. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
FundX Investment Trust 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 FundX Investment etf to make a market-neutral strategy. Peer analysis of FundX Investment could also be used in its relative valuation, which is a method of valuing FundX Investment by comparing valuation metrics with similar companies.
Peers
FundX Investment Related Equities
| ARP | Advisors Inner | 0.79 | ||||
| HDG | ProShares Hedge | 0.16 | ||||
| HFND | Tidal ETF | 0.13 | ||||
| FIG | Simplify Macro | 0.09 | ||||
| QAI | IQ Hedge | 0.03 | ||||
| XRLX | FundX Investment | 0.02 | ||||
| FORH | Formidable ETF | 0.14 | ||||
| DUKX | Ocean Park | 0.35 | ||||
| RLY | SPDR SSgA | 0.39 |
Check out FundX Investment Hype Analysis, FundX Investment Correlation and FundX Investment Performance. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
The market value of FundX Investment Trust is measured differently than its book value, which is the value of FundX that is recorded on the company's balance sheet. Investors also form their own opinion of FundX Investment's value that differs from its market value or its book value, called intrinsic value, which is FundX Investment'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 FundX Investment's market value can be influenced by many factors that don't directly affect FundX Investment'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 FundX Investment's value and its price as these two are different measures arrived at by different means. Investors typically determine if FundX Investment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FundX Investment'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.