HFXJ Price To Earning vs. Price To Book
Taking into consideration HFXJ's profitability measurements, HFXJ 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 HFXJ'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 interest.
For HFXJ profitability analysis, we use financial ratios and fundamental drivers that measure the ability of HFXJ to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well HFXJ utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between HFXJ's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of HFXJ over time as well as its relative position and ranking within its peers.
HFXJ |
The market value of HFXJ is measured differently than its book value, which is the value of HFXJ that is recorded on the company's balance sheet. Investors also form their own opinion of HFXJ's value that differs from its market value or its book value, called intrinsic value, which is HFXJ'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 HFXJ's market value can be influenced by many factors that don't directly affect HFXJ'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 HFXJ's value and its price as these two are different measures arrived at by different means. Investors typically determine if HFXJ is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HFXJ'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.
HFXJ Price To Book vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining HFXJ's current stock value. Our valuation model uses many indicators to compare HFXJ value to that of its competitors to determine the firm's financial worth. HFXJ 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 0.07 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for HFXJ is roughly 13.54 . Comparative valuation analysis is a catch-all model that can be used if you cannot value HFXJ by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for HFXJ'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 HFXJ's earnings, one of the primary drivers of an investment's value.HFXJ 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.
HFXJ |
| = | 15.44 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.
HFXJ |
| = | 1.14 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.
HFXJ Price To Book Comparison
HFXJ is rated # 3 ETF in price to book as compared to similar ETFs.
HFXJ Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in HFXJ, profitability is also one of the essential criteria for including it into their portfolios because, without profit, HFXJ will eventually generate negative long term returns. The profitability progress is the general direction of HFXJ's change in net profit over the period of time. It can combine multiple indicators of HFXJ, 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.
The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the FTSE Japan 50 percent Hedged to USD Index . IQ 50 is traded on PCX Exchange in the United States.
HFXJ Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on HFXJ. 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 HFXJ 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 HFXJ's important profitability drivers and their relationship over time.
Use HFXJ 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 HFXJ 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 HFXJ will appreciate offsetting losses from the drop in the long position's value.HFXJ Pair Trading
HFXJ Pair Trading Analysis
The ability to find closely correlated positions to SLM Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SLM Corp 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 SLM Corp - 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 SLM Corp to buy it.
The correlation of SLM Corp 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 SLM Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SLM Corp 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 SLM Corp 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 HFXJ position
In addition to having HFXJ 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 Driverless Cars Thematic Idea Now
Driverless Cars
It encompasses large technology companies, automotive makers, security firms, and thematic ETFs across multiple industries. These entities are directly or indirectly involved in shaping the development and marketing of self-driving vehicles. The Driverless Cars theme has 36 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 Driverless Cars Theme or any other thematic opportunities.
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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 interest. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Other Tools for HFXJ Etf
When running HFXJ's price analysis, check to measure HFXJ'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 HFXJ is operating at the current time. Most of HFXJ's value examination focuses on studying past and present price action to predict the probability of HFXJ's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HFXJ's price. Additionally, you may evaluate how the addition of HFXJ to your portfolios can decrease your overall portfolio volatility.
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