Enact Holdings Etf Net Income
| ACT Etf | USD 30.71 0.15 0.49% |
Enact Holdings fundamentals help investors to digest information that contributes to Enact Holdings' financial success or failures. It also enables traders to predict the movement of Enact Etf. The fundamental analysis module provides a way to measure Enact Holdings' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Enact Holdings etf.
Enact |
Enact Holdings ETF Net Income Analysis
Enact Holdings' Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current Enact Holdings Net Income | 665.51 M |
Most of Enact Holdings' fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Enact Holdings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Based on the recorded statements, Enact Holdings reported net income of 665.51 M. This is much higher than that of the Insurance family and significantly higher than that of the Financials category. The net income for all United States etfs is notably lower than that of the firm.
Enact Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Enact Holdings' direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Enact Holdings could also be used in its relative valuation, which is a method of valuing Enact Holdings by comparing valuation metrics of similar companies.Enact Holdings is currently under evaluation in net income as compared to similar ETFs.
Enact Holdings Institutional Holders
Institutional Holdings refers to the ownership stake in Enact Holdings that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Enact Holdings' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Enact Holdings' value.| Shares | Nuveen Asset Management, Llc | 2023-12-31 | 626.5 K | Bank Of New York Mellon Corp | 2023-12-31 | 538.1 K | Two Sigma Investments Llc | 2023-12-31 | 458.7 K | Allianz Asset Management Ag | 2023-12-31 | 411.1 K | Jpmorgan Chase & Co | 2023-12-31 | 405.3 K | Hotchkis & Wiley Capital Management Llc | 2023-12-31 | 395.8 K | Two Sigma Advisers, Llc | 2023-12-31 | 373 K | Prudential Financial Inc | 2023-12-31 | 370.5 K | Northern Trust Corp | 2023-12-31 | 363 K | Bayview Asset Management, Llc | 2023-12-31 | 4.4 M | Vanguard Group Inc | 2023-12-31 | 3.1 M |
Fund Asset Allocation for Enact Holdings
The fund invests 99.42% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides Enact Holdings' investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Enact Fundamentals
| Return On Equity | 0.14 | ||||
| Return On Asset | 0.091 | ||||
| Profit Margin | 0.56 % | ||||
| Operating Margin | 0.75 % | ||||
| Current Valuation | 4.95 B | ||||
| Shares Outstanding | 157.29 M | ||||
| Shares Owned By Insiders | 81.66 % | ||||
| Shares Owned By Institutions | 18.46 % | ||||
| Number Of Shares Shorted | 1.01 M | ||||
| Price To Earning | 5.66 X | ||||
| Price To Book | 1.01 X | ||||
| Price To Sales | 4.05 X | ||||
| Revenue | 1.15 B | ||||
| Gross Profit | 953.38 M | ||||
| EBITDA | (51.74 M) | ||||
| Net Income | 665.51 M | ||||
| Cash And Equivalents | 538.21 M | ||||
| Cash Per Share | 3.31 X | ||||
| Total Debt | 758.95 M | ||||
| Debt To Equity | 0.18 % | ||||
| Current Ratio | 0.85 X | ||||
| Book Value Per Share | 29.89 X | ||||
| Cash Flow From Operations | 632.04 M | ||||
| Short Ratio | 5.36 X | ||||
| Earnings Per Share | 4.04 X | ||||
| Price To Earnings To Growth | 28.85 X | ||||
| Target Price | 34.2 | ||||
| Number Of Employees | 465 | ||||
| Beta | 0.56 | ||||
| Market Capitalization | 4.83 B | ||||
| Total Asset | 6.22 B | ||||
| Retained Earnings | 2.55 B | ||||
| Working Capital | 3.36 B | ||||
| Current Asset | 11.02 B | ||||
| Current Liabilities | 7.66 B | ||||
| Annual Yield | 0.02 % | ||||
| One Year Return | (6.99) % | ||||
| Net Asset | 6.22 B | ||||
| Last Dividend Paid | 0.66 | ||||
| Equity Positions Weight | 99.42 % |
About Enact Holdings Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Enact Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Enact Holdings using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Enact Holdings based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Enact Holdings
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 Enact Holdings 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 Enact Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Enact Etf
| 0.68 | ESNT | Essent Group | PairCorr |
| 0.75 | AXS | AXIS Capital Holdings | PairCorr |
Moving against Enact Etf
| 0.56 | AGO | Assured Guaranty | PairCorr |
| 0.49 | JRVR | James River Group | PairCorr |
| 0.48 | EIG | Employers Holdings | PairCorr |
The ability to find closely correlated positions to Enact Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enact Holdings 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 Enact Holdings - 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 Enact Holdings to buy it.
The correlation of Enact Holdings 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 Enact Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enact Holdings 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 Enact Holdings 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.Check out Enact Holdings Piotroski F Score and Enact Holdings Altman Z Score analysis. For more information on how to buy Enact Etf please use our How to Invest in Enact Holdings guide.Note that the Enact Holdings information on this page should be used as a complementary analysis to other Enact Holdings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
The market value of Enact Holdings is measured differently than its book value, which is the value of Enact that is recorded on the company's balance sheet. Investors also form their own opinion of Enact Holdings' value that differs from its market value or its book value, called intrinsic value, which is Enact Holdings' 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 Enact Holdings' market value can be influenced by many factors that don't directly affect Enact Holdings' 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 Enact Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Enact Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enact Holdings' 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.