Formidable Fortress Price To Sales vs. Three Year Return
| KONG Etf | USD 29.81 0.20 0.67% |
For Formidable Fortress profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Formidable Fortress to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Formidable Fortress ETF utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Formidable Fortress's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Formidable Fortress ETF over time as well as its relative position and ranking within its peers.
Formidable |
The market value of Formidable Fortress ETF is measured differently than its book value, which is the value of Formidable that is recorded on the company's balance sheet. Investors also form their own opinion of Formidable Fortress' value that differs from its market value or its book value, called intrinsic value, which is Formidable Fortress' 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 Formidable Fortress' market value can be influenced by many factors that don't directly affect Formidable Fortress' 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 Formidable Fortress' value and its price as these two are different measures arrived at by different means. Investors typically determine if Formidable Fortress is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Formidable Fortress' 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.
Formidable Fortress ETF Three Year Return vs. Price To Sales Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Formidable Fortress's current stock value. Our valuation model uses many indicators to compare Formidable Fortress value to that of its competitors to determine the firm's financial worth. Formidable Fortress ETF is considered the top ETF in price to sales as compared to similar ETFs. It also is considered the top ETF in three year return as compared to similar ETFs reporting about 2.59 of Three Year Return per Price To Sales. Comparative valuation analysis is a catch-all technique that is used if you cannot value Formidable Fortress 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.Formidable Three 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.
Formidable Fortress |
| = | 2.28 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.
Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
Formidable Fortress |
| = | 5.90 % |
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
Formidable Three Year Return Comparison
Formidable Fortress is currently under evaluation in three year return as compared to similar ETFs.
Formidable Fortress Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Formidable Fortress, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Formidable Fortress will eventually generate negative long term returns. The profitability progress is the general direction of Formidable Fortress' change in net profit over the period of time. It can combine multiple indicators of Formidable Fortress, 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.
Under normal market conditions, the fund seeks to meet its investment objective by investing in large- and mid-cap equity securities, including common stocks, related depository receipts, real estate investment trusts , and other equity investments or ownership interests in business enterprises. Opportunities Formidable is traded on NYSEARCA Exchange in the United States.
Formidable Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Formidable Fortress. 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 Formidable Fortress 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 Formidable Fortress' important profitability drivers and their relationship over time.
| Price To Sales vs Price To Earning | ||
| Price To Book vs Three Year Return | ||
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| One Year Return vs Three Year Return | ||
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| Equity Positions Weight vs Three Year Return |
Use Formidable Fortress 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 Formidable Fortress 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 Formidable Fortress will appreciate offsetting losses from the drop in the long position's value.Formidable Fortress Pair Trading
Formidable Fortress ETF Pair Trading Analysis
The ability to find closely correlated positions to Formidable Fortress could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Formidable Fortress 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 Formidable Fortress - 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 Formidable Fortress ETF to buy it.
The correlation of Formidable Fortress 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 Formidable Fortress moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Formidable Fortress 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 Formidable Fortress 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 Formidable Fortress position
In addition to having Formidable Fortress 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 Apparel Thematic Idea Now
Apparel
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Apparel theme has 50 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 Apparel Theme or any other thematic opportunities.
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Check out Correlation Analysis. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
To fully project Formidable Fortress' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Formidable Fortress 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 Formidable Fortress' income statement, its balance sheet, and the statement of cash flows.