Energy Income Price To Earning vs. Five Year Return
| ENI-UN Etf | CAD 1.63 0.04 2.40% |
For Energy Income profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Energy Income to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Energy Income utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Energy Income's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Energy Income over time as well as its relative position and ranking within its peers.
Energy |
Energy Income Five Year Return vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Energy Income's current stock value. Our valuation model uses many indicators to compare Energy Income value to that of its competitors to determine the firm's financial worth. Energy Income is one of the top ETFs in price to earning as compared to similar ETFs. It also is one of the top ETFs in five year return as compared to similar ETFs reporting about 0.44 of Five Year Return per Price To Earning. The ratio of Price To Earning to Five Year Return for Energy Income is roughly 2.28 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Energy Income by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Energy Income's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Energy Five Year Return vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Energy Income |
| = | 13.48 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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.
Energy Income |
| = | 5.92 % |
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.
Energy Five Year Return Comparison
Energy Income is currently under evaluation in five year return as compared to similar ETFs.
Energy Income Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Energy Income, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Energy Income will eventually generate negative long term returns. The profitability progress is the general direction of Energy Income's change in net profit over the period of time. It can combine multiple indicators of Energy Income, 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.
Energy Income Fund is a close ended equity mutual fund launched by Artemis Investment Management Limited. Energy Income Fund was formed on August 29, 2005 and is domiciled in Canada. ENERGY INCOME operates under Asset Management classification in Canada and is traded on Toronto Stock Exchange.
Energy Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Energy Income. 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 Energy Income 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 Energy Income's important profitability drivers and their relationship over time.
| Price To Earning vs Price To Book | ||
| Price To Sales vs Five Year Return | ||
| Price To Earning vs Beta | ||
| Last Dividend Paid vs Five Year Return |
Use Energy Income 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 Energy Income 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 Energy Income will appreciate offsetting losses from the drop in the long position's value.Energy Income Pair Trading
Energy Income Pair Trading Analysis
The ability to find closely correlated positions to Energy Income could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Energy Income 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 Energy Income - 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 Energy Income to buy it.
The correlation of Energy Income 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 Energy Income moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Energy Income 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 Energy Income 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 Energy Income position
In addition to having Energy Income 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 Stores Thematic Idea Now
Stores
Companies providing different types of retail and wholesale services. The Stores theme has 43 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 Stores Theme or any other thematic opportunities.
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Other Information on Investing in Energy Etf
To fully project Energy Income's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Energy Income 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 Energy Income's income statement, its balance sheet, and the statement of cash flows.