HDEZ Price To Earning vs. Price To Book
Based on the key profitability measurements obtained from HDEZ's financial statements, HDEZ may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in June. Profitability indicators assess HDEZ's ability to earn profits and add value for shareholders.
Check out Risk vs Return Analysis 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.
For HDEZ profitability analysis, we use financial ratios and fundamental drivers that measure the ability of HDEZ to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well HDEZ utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between HDEZ's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of HDEZ over time as well as its relative position and ranking within its peers.
HDEZ |
The market value of HDEZ is measured differently than its book value, which is the value of HDEZ that is recorded on the company's balance sheet. Investors also form their own opinion of HDEZ's value that differs from its market value or its book value, called intrinsic value, which is HDEZ'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 HDEZ's market value can be influenced by many factors that don't directly affect HDEZ'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 HDEZ's value and its price as these two are different measures arrived at by different means. Investors typically determine if HDEZ is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HDEZ'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.
HDEZ Price To Book vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining HDEZ's current stock value. Our valuation model uses many indicators to compare HDEZ value to that of its competitors to determine the firm's financial worth. HDEZ is rated # 4 ETF in price to earning as compared to similar ETFs. It is rated # 4 ETF in price to book as compared to similar ETFs fabricating about 0.10 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for HDEZ is roughly 9.53 . Comparative valuation analysis is a catch-all model that can be used if you cannot value HDEZ by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for HDEZ'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 HDEZ's earnings, one of the primary drivers of an investment's value.HDEZ 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.
HDEZ |
| = | 12.87 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.
HDEZ |
| = | 1.35 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.
HDEZ Price To Book Comparison
HDEZ is rated # 3 ETF in price to book as compared to similar ETFs.
HDEZ Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on HDEZ. 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 HDEZ 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 HDEZ's important profitability drivers and their relationship over time.
| Price To Earning vs Price To Sales | ||
| One Year Return vs Price To Book | ||
| Price To Earning vs Net Asset | ||
| Equity Positions Weight vs Price To Book |
Use HDEZ 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 HDEZ 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 HDEZ will appreciate offsetting losses from the drop in the long position's value.HDEZ Pair Trading
HDEZ Pair Trading Analysis
The ability to find closely correlated positions to F5 Networks could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace F5 Networks 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 F5 Networks - 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 F5 Networks to buy it.
The correlation of F5 Networks 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 F5 Networks moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if F5 Networks 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 F5 Networks 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 HDEZ position
In addition to having HDEZ 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?
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Cryptocurrency ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Cryptocurrency ETFs theme has 32 constituents at this time.
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Check out Risk vs Return Analysis 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 HDEZ information on this page should be used as a complementary analysis to other HDEZ'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.
Other Tools for HDEZ Etf
When running HDEZ's price analysis, check to measure HDEZ's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy HDEZ is operating at the current time. Most of HDEZ's value examination focuses on studying past and present price action to predict the probability of HDEZ's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HDEZ's price. Additionally, you may evaluate how the addition of HDEZ to your portfolios can decrease your overall portfolio volatility.
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