FT AlphaDEX Price To Earning vs. Beta
| FHG Etf | CAD 59.90 0.50 0.83% |
For FT AlphaDEX profitability analysis, we use financial ratios and fundamental drivers that measure the ability of FT AlphaDEX to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well FT AlphaDEX Industrials utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between FT AlphaDEX's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of FT AlphaDEX Industrials over time as well as its relative position and ranking within its peers.
FHG |
FT AlphaDEX Industrials Beta vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining FT AlphaDEX's current stock value. Our valuation model uses many indicators to compare FT AlphaDEX value to that of its competitors to determine the firm's financial worth. FT AlphaDEX Industrials is rated # 4 ETF in price to earning as compared to similar ETFs. It is one of the top ETFs in beta as compared to similar ETFs totaling about 0.07 of Beta per Price To Earning. The ratio of Price To Earning to Beta for FT AlphaDEX Industrials is roughly 13.58 . Comparative valuation analysis is a catch-all model that can be used if you cannot value FT AlphaDEX by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for FT AlphaDEX'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.FHG Beta 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.
FT AlphaDEX |
| = | 17.25 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.
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
FT AlphaDEX |
| = | 1.27 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
FHG Beta Comparison
FT AlphaDEX is currently under evaluation in beta as compared to similar ETFs.
Beta Analysis
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, FT AlphaDEX will likely underperform.
FT AlphaDEX Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in FT AlphaDEX, profitability is also one of the essential criteria for including it into their portfolios because, without profit, FT AlphaDEX will eventually generate negative long term returns. The profitability progress is the general direction of FT AlphaDEX's change in net profit over the period of time. It can combine multiple indicators of FT AlphaDEX, 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 First Trust ETF seeks to replicate, to the extent possible, the performance of the StrataQuant Industrials Index , net of expenses. FIRST TRUST is traded on Toronto Stock Exchange in Canada.
FHG Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on FT AlphaDEX. 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 FT AlphaDEX 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 FT AlphaDEX's important profitability drivers and their relationship over time.
Use FT AlphaDEX 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 FT AlphaDEX 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 FT AlphaDEX will appreciate offsetting losses from the drop in the long position's value.FT AlphaDEX Pair Trading
FT AlphaDEX Industrials Pair Trading Analysis
The ability to find closely correlated positions to FT AlphaDEX could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FT AlphaDEX 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 FT AlphaDEX - 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 FT AlphaDEX Industrials to buy it.
The correlation of FT AlphaDEX 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 FT AlphaDEX moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FT AlphaDEX Industrials 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 FT AlphaDEX 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 FT AlphaDEX position
In addition to having FT AlphaDEX 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 Sovereign ETFs Thematic Idea Now
Sovereign ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Sovereign ETFs theme has 17 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 Sovereign ETFs Theme or any other thematic opportunities.
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Other Information on Investing in FHG Etf
To fully project FT AlphaDEX's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of FT AlphaDEX Industrials 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 FT AlphaDEX's income statement, its balance sheet, and the statement of cash flows.