Xtrackers California Municipal Etf Working Capital
| CA Etf | USD 24.92 0.03 0.12% |
Xtrackers California Municipal fundamentals help investors to digest information that contributes to Xtrackers California's financial success or failures. It also enables traders to predict the movement of Xtrackers Etf. The fundamental analysis module provides a way to measure Xtrackers California'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 Xtrackers California etf.
Xtrackers |
Xtrackers California Municipal ETF Working Capital Analysis
Xtrackers California's Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
More About Working Capital | All Equity Analysis
Working Capital | = | Current Assets | - | Current Liabilities |
Current Xtrackers California Working Capital | 667 M |
Most of Xtrackers California's fundamental indicators, such as Working Capital, 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, Xtrackers California Municipal is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
| Competition |
In accordance with the company's disclosures, Xtrackers California Municipal has a Working Capital of 667 M. This is much higher than that of the family and significantly higher than that of the Working Capital category. The working capital for all United States etfs is notably lower than that of the firm.
Did you try this?
Run Positions Ratings Now
Positions RatingsDetermine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
Xtrackers Fundamentals
| Return On Equity | 0.0014 | |||
| Return On Asset | 6.0E-4 | |||
| Profit Margin | 0 % | |||
| Operating Margin | 30.23 % | |||
| Current Valuation | 17.94 B | |||
| Shares Outstanding | 418.17 M | |||
| Shares Owned By Insiders | 25.01 % | |||
| Shares Owned By Institutions | 71.66 % | |||
| Number Of Shares Shorted | 27.42 M | |||
| Price To Earning | 40.11 X | |||
| Price To Book | 2.34 X | |||
| Price To Sales | 4.48 X | |||
| Revenue | 4.15 B | |||
| Gross Profit | 3.63 B | |||
| EBITDA | 1.38 B | |||
| Net Income | 458 M | |||
| Cash And Equivalents | 3.33 B | |||
| Cash Per Share | 3.14 X | |||
| Total Debt | 2.92 B | |||
| Debt To Equity | 37.10 % | |||
| Current Ratio | 2.21 X | |||
| Book Value Per Share | 10.32 X | |||
| Cash Flow From Operations | (526.38 M) | |||
| Short Ratio | 5.96 X | |||
| Earnings Per Share | 1.11 X | |||
| Price To Earnings To Growth | 2.89 X | |||
| Number Of Employees | 11.3 K | |||
| Beta | 0.75 | |||
| Market Capitalization | 18.58 B | |||
| Total Asset | 12.23 B | |||
| Retained Earnings | 6.38 B | |||
| Working Capital | 667 M | |||
| Current Asset | 3.56 B | |||
| Current Liabilities | 2.89 B | |||
| Five Year Return | 3.16 % | |||
| Last Dividend Paid | 1.02 |
About Xtrackers California Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Xtrackers California Municipal's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Xtrackers California using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Xtrackers California Municipal 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Xtrackers California in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Xtrackers California's short interest history, or implied volatility extrapolated from Xtrackers California options trading.
Pair Trading with Xtrackers California
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 Xtrackers California 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 Xtrackers California will appreciate offsetting losses from the drop in the long position's value.Moving against Xtrackers Etf
| 0.44 | AMPD | Tidal Trust II | PairCorr |
The ability to find closely correlated positions to Xtrackers California could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xtrackers California 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 Xtrackers California - 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 Xtrackers California Municipal to buy it.
The correlation of Xtrackers California 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 Xtrackers California moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xtrackers California 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 Xtrackers California 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 Xtrackers California Piotroski F Score and Xtrackers California Altman Z Score analysis. Note that the Xtrackers California information on this page should be used as a complementary analysis to other Xtrackers California'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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
The market value of Xtrackers California is measured differently than its book value, which is the value of Xtrackers that is recorded on the company's balance sheet. Investors also form their own opinion of Xtrackers California's value that differs from its market value or its book value, called intrinsic value, which is Xtrackers California'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 Xtrackers California's market value can be influenced by many factors that don't directly affect Xtrackers California'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 Xtrackers California's value and its price as these two are different measures arrived at by different means. Investors typically determine if Xtrackers California is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Xtrackers California'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.