Main International Price To Earning vs. Price To Book
| INTL Etf | USD 23.39 0.14 0.60% |
For Main International profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Main International to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Main International ETF utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Main International's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Main International ETF over time as well as its relative position and ranking within its peers.
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The market value of Main International ETF is measured differently than its book value, which is the value of Main that is recorded on the company's balance sheet. Investors also form their own opinion of Main International's value that differs from its market value or its book value, called intrinsic value, which is Main International'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 Main International's market value can be influenced by many factors that don't directly affect Main International'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 Main International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Main International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Main International'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.
Main International ETF Price To Book vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Main International's current stock value. Our valuation model uses many indicators to compare Main International value to that of its competitors to determine the firm's financial worth. Main International ETF is considered the top ETF in price to earning as compared to similar ETFs. It also is considered the top ETF in price to book as compared to similar ETFs fabricating about 0.15 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Main International ETF is roughly 6.64 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Main International 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.Main Price To Book 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.
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| = | 10.95 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.
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.
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| = | 1.65 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.
Main Price To Book Comparison
Main International is currently under evaluation in price to book as compared to similar ETFs.
Main International Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Main International, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Main International will eventually generate negative long term returns. The profitability progress is the general direction of Main International's change in net profit over the period of time. It can combine multiple indicators of Main International, 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.
StoneX Group Inc. operates as a financial services company worldwide. StoneX Group Inc. was founded in 1924 and is headquartered in New York City, New York. INTL FCStone operates under Investment Brokerage - National classification in the United States and is traded on NASDAQ. It employs 2151 people.
Main Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Main International. 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 Main International 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 Main International's important profitability drivers and their relationship over time.
Use Main International 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 Main International 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 Main International will appreciate offsetting losses from the drop in the long position's value.Main International Pair Trading
Main International ETF Pair Trading Analysis
The ability to find closely correlated positions to Main International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Main International 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 Main International - 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 Main International ETF to buy it.
The correlation of Main International 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 Main International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Main International ETF 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 Main International 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 Main International position
In addition to having Main International 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 Petroleum and Natural Gas Thematic Idea Now
Petroleum and Natural Gas
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Petroleum and Natural Gas theme has 61 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 Petroleum and Natural Gas Theme or any other thematic opportunities.
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Check out Risk vs Return Analysis. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
To fully project Main International's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Main International ETF 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 Main International's income statement, its balance sheet, and the statement of cash flows.