Principal Etf Profile
Principal is trading at 39.49 as of the 21st of November 2024, a No Change since the beginning of the trading day. The etf's open price was 39.49. Equity ratings for Principal are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of December 2022 and ending today, the 21st of November 2024. Click here to learn more.
Principal Etf Highlights
| Old Name | Principal Healthcare Innovators ETF |
| Business Concentration | Health, Principal Funds (View all Sectors) |
| Country Name | USA |
| Returns Y T D | 8.7 |
| Name | Principal Healthcare Innovators ETF |
| Currency Code | USD |
| Open Figi | BBG00DM1BCP8 |
| In Threey Volatility | 27.27 |
| 1y Volatility | 35.1 |
| 200 Day M A | 35.482 |
| 50 Day M A | 37.4565 |
| Code | BTEC |
| Updated At | 4th of August 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.41) |
| Type | ETF |
Principal [BTEC] is traded in USA and was established 2016-08-19. The fund is listed under Health category and is part of Principal Funds family. Principal currently have 58.39 M in assets under management (AUM). , while the total return for the last 3 years was -10.6%.
Check Principal Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Principal Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Principal Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Principal Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Principal Etf Constituents
| VRTX | Vertex Pharmaceuticals | Stock | Health Care | |
| NKTR | Nektar Therapeutics | Stock | Health Care | |
| EXEL | Exelixis | Stock | Health Care | |
| DXCM | DexCom Inc | Stock | Health Care | |
| ACAD | ACADIA Pharmaceuticals | Stock | Health Care | |
| PODD | Insulet | Stock | Health Care | |
| HZNP | Horizon Pharma PLC | Stock | Health Care | |
| EXAS | EXACT Sciences | Stock | Health Care |
Principal Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Principal. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Mean Deviation | 1.18 | |||
| Semi Deviation | 1.25 | |||
| Standard Deviation | 1.49 | |||
| Variance | 2.21 |
Principal Against Markets
Principal Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Principal etf to make a market-neutral strategy. Peer analysis of Principal could also be used in its relative valuation, which is a method of valuing Principal by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
The market value of Principal is measured differently than its book value, which is the value of Principal that is recorded on the company's balance sheet. Investors also form their own opinion of Principal's value that differs from its market value or its book value, called intrinsic value, which is Principal'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 Principal's market value can be influenced by many factors that don't directly affect Principal'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 Principal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Principal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Principal'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.