GDEF Price To Book vs. Beta
Considering the key profitability indicators obtained from GDEF's historical financial statements, GDEF may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in April. Profitability indicators assess GDEF's ability to earn profits and add value for shareholders.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.
For GDEF profitability analysis, we use financial ratios and fundamental drivers that measure the ability of GDEF to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well GDEF utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between GDEF's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of GDEF over time as well as its relative position and ranking within its peers.
GDEF |
The market value of GDEF is measured differently than its book value, which is the value of GDEF that is recorded on the company's balance sheet. Investors also form their own opinion of GDEF's value that differs from its market value or its book value, called intrinsic value, which is GDEF'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 GDEF's market value can be influenced by many factors that don't directly affect GDEF'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 GDEF's value and its price as these two are different measures arrived at by different means. Investors typically determine if GDEF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GDEF'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.
GDEF Beta vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining GDEF's current stock value. Our valuation model uses many indicators to compare GDEF value to that of its competitors to determine the firm's financial worth. GDEF is rated # 2 ETF in price to book as compared to similar ETFs. It is rated below average in beta as compared to similar ETFs totaling about 0.06 of Beta per Price To Book. The ratio of Price To Book to Beta for GDEF is roughly 17.78 . Comparative valuation analysis is a catch-all technique that is used if you cannot value GDEF by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.GDEF Beta vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
GDEF |
| = | 9.60 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
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.
GDEF |
| = | 0.54 |
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.
GDEF Beta Comparison
GDEF is rated # 5 ETF in beta as compared to similar ETFs.
Beta Analysis
As returns on the market increase, GDEF's returns are expected to increase less than the market. However, during the bear market, the loss of holding GDEF is expected to be smaller as well.
GDEF Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in GDEF, profitability is also one of the essential criteria for including it into their portfolios because, without profit, GDEF will eventually generate negative long term returns. The profitability progress is the general direction of GDEF's change in net profit over the period of time. It can combine multiple indicators of GDEF, 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.
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GDEF Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on GDEF. 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 GDEF 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 GDEF's important profitability drivers and their relationship over time.
Use GDEF 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 GDEF 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 GDEF will appreciate offsetting losses from the drop in the long position's value.GDEF Pair Trading
GDEF Pair Trading Analysis
The ability to find closely correlated positions to Intuitive Surgical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Intuitive Surgical 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 Intuitive Surgical - 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 Intuitive Surgical to buy it.
The correlation of Intuitive Surgical 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 Intuitive Surgical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Intuitive Surgical 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 Intuitive Surgical 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 GDEF position
In addition to having GDEF 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 Furniture Thematic Idea Now
Furniture
Companies producing and selling home and office furniture. The Furniture theme has 38 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 Furniture Theme or any other thematic opportunities.
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Other Tools for GDEF Etf
When running GDEF's price analysis, check to measure GDEF's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy GDEF is operating at the current time. Most of GDEF's value examination focuses on studying past and present price action to predict the probability of GDEF's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GDEF's price. Additionally, you may evaluate how the addition of GDEF to your portfolios can decrease your overall portfolio volatility.
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