Firsthand Alternative Price To Sales vs. Five Year Return
| ALTEX Fund | USD 10.25 0.13 1.28% |
For Firsthand Alternative profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Firsthand Alternative to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Firsthand Alternative Energy utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Firsthand Alternative's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Firsthand Alternative Energy over time as well as its relative position and ranking within its peers.
Firsthand |
Firsthand Alternative Five Year Return vs. Price To Sales Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Firsthand Alternative's current stock value. Our valuation model uses many indicators to compare Firsthand Alternative value to that of its competitors to determine the firm's financial worth. Firsthand Alternative Energy is the top fund in price to sales among similar funds. It also is the top fund in five year return among similar funds reporting about 7.38 of Five Year Return per Price To Sales. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Firsthand Alternative's earnings, one of the primary drivers of an investment's value.Firsthand Five Year Return vs. Price To Sales
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Firsthand Alternative |
| = | 1.04 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
Firsthand Alternative |
| = | 7.68 % |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
Firsthand Five Year Return Comparison
Firsthand Alternative is currently under evaluation in five year return among similar funds.
Firsthand Alternative Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Firsthand Alternative, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Firsthand Alternative will eventually generate negative long term returns. The profitability progress is the general direction of Firsthand Alternative's change in net profit over the period of time. It can combine multiple indicators of Firsthand Alternative, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund normally invests at least 80 percent of its assets in alternative energy and alternative energy technology companies, both U.S. and international. It may purchase stocks of any capitalization, including, but not limited to, large-cap, mid-cap or small-cap stocks. The funds international stock investments may include stocks of companies based in or doing substantial business in both developed markets and emerging markets. It may also from time to time, as part of its principal investment strategies, invest a substantial portion of its assets in cash or cash equivalents. The fund is non-diversified.
Firsthand Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Firsthand Alternative. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Firsthand Alternative position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Firsthand Alternative's important profitability drivers and their relationship over time.
Use Firsthand Alternative in pair-trading
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 Firsthand Alternative 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 Firsthand Alternative will appreciate offsetting losses from the drop in the long position's value.Firsthand Alternative Pair Trading
Firsthand Alternative Energy Pair Trading Analysis
The ability to find closely correlated positions to Firsthand Alternative could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Firsthand Alternative 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 Firsthand Alternative - 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 Firsthand Alternative Energy to buy it.
The correlation of Firsthand Alternative 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 Firsthand Alternative moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Firsthand Alternative 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 Firsthand Alternative 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.Use Investing Themes to Complement your Firsthand Alternative position
In addition to having Firsthand Alternative in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Fabricated Products Thematic Idea Now
Fabricated Products
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Fabricated Products theme has 11 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Fabricated Products Theme or any other thematic opportunities.
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Other Information on Investing in Firsthand Mutual Fund
To fully project Firsthand Alternative's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Firsthand Alternative at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Firsthand Alternative's income statement, its balance sheet, and the statement of cash flows.
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