Aetna Inc Etf Fundamentals
Aetna Inc fundamentals help investors to digest information that contributes to Aetna's financial success or failures. It also enables traders to predict the movement of Aetna Etf. The fundamental analysis module provides a way to measure Aetna's 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 Aetna etf.
Aetna |
Aetna Inc ETF Price To Earning Analysis
Aetna's 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.
Current Aetna Price To Earning | 13.21 X |
Most of Aetna's fundamental indicators, such as Price To Earning, 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, Aetna Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
CompetitionBased on the latest financial disclosure, Aetna Inc has a Price To Earning of 13.21 times. This is 48.88% lower than that of the Category family and 37.18% lower than that of the Family category. The price to earning for all United States etfs is 54.0% higher than that of the company.
Aetna Inc Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Aetna's current stock value. Our valuation model uses many indicators to compare Aetna value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Aetna competition to find correlations between indicators driving Aetna's intrinsic value. More Info.Aetna Inc is third largest ETF in price to earning as compared to similar ETFs. It is third largest ETF in price to book as compared to similar ETFs fabricating about 0.14 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Aetna Inc is roughly 6.92 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Aetna by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Aetna'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. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Aetna's earnings, one of the primary drivers of an investment's value.Aetna Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Aetna's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Aetna could also be used in its relative valuation, which is a method of valuing Aetna by comparing valuation metrics of similar companies.Aetna is currently under evaluation in price to earning as compared to similar ETFs.
Aetna Fundamentals
| Return On Equity | 0.16 | |||
| Return On Asset | 0.0427 | |||
| Profit Margin | 0.04 % | |||
| Operating Margin | 11.90 % | |||
| Current Valuation | 66.25 B | |||
| Shares Outstanding | 327.4 M | |||
| Shares Owned By Insiders | 0.41 % | |||
| Shares Owned By Institutions | 85.87 % | |||
| Number Of Shares Shorted | 4.62 M | |||
| Price To Earning | 13.21 X | |||
| Price To Book | 1.91 X | |||
| Price To Sales | 0.76 X | |||
| Revenue | 61.23 B | |||
| Gross Profit | 15.91 B | |||
| EBITDA | 7.29 B | |||
| Net Income | 3.66 B | |||
| Cash And Equivalents | 9.42 B | |||
| Cash Per Share | (2.42) X | |||
| Total Debt | 8.16 B | |||
| Debt To Equity | 43.90 % | |||
| Current Ratio | 1.15 X | |||
| Book Value Per Share | 49.48 X | |||
| Cash Flow From Operations | 835.5 M | |||
| Short Ratio | 2.18 X | |||
| Earnings Per Share | 11.12 X | |||
| Price To Earnings To Growth | 1.81 X | |||
| Number Of Employees | 47.95 K | |||
| Beta | 0.89 | |||
| Market Capitalization | 29.18 B | |||
| Total Asset | 53.38 B | |||
| Retained Earnings | 10.86 B | |||
| Working Capital | (2.75 B) | |||
| Current Asset | 12.73 B | |||
| Current Liabilities | 15.48 B | |||
| Z Score | 2.8 | |||
| Five Year Return | 0.97 % | |||
| Last Dividend Paid | 2.0 |
Pair Trading with Aetna
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 Aetna 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 Aetna will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Waste Management could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Waste Management 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 Waste Management - 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 Waste Management to buy it.
The correlation of Waste Management 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 Waste Management moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Waste Management 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 Waste Management 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 Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Aetna Inc information on this page should be used as a complementary analysis to other Aetna's 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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Other Consideration for investing in Aetna Etf
If you are still planning to invest in Aetna Inc check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Aetna's history and understand the potential risks before investing.
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