SmartETFs Asia Financial Statements From 2010 to 2024
| ADIV Etf | USD 15.52 0.01 0.06% |
Check SmartETFs Asia financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among SmartETFs Asia's main balance sheet or income statement drivers, such as , as well as many indicators such as . SmartETFs financial statements analysis is a perfect complement when working with SmartETFs Asia Valuation or Volatility modules.
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SmartETFs Asia Pacific ETF Beta Analysis
SmartETFs Asia's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current SmartETFs Asia Beta | 0.92 |
Most of SmartETFs Asia's fundamental indicators, such as Beta, 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, SmartETFs Asia Pacific is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, SmartETFs Asia Pacific has a Beta of 0.92. This is much higher than that of the SmartETFs family and significantly higher than that of the Pacific/Asia ex-Japan Stk category. The beta for all United States etfs is notably lower than that of the firm.
About SmartETFs Asia Financial Statements
SmartETFs Asia investors use historical fundamental indicators, such as SmartETFs Asia's revenue or net income, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in SmartETFs Asia. Please read more on our technical analysis and fundamental analysis pages.
The fund invests at least 80 percent of its net assets in publicly-traded, dividend-producing equity securities of companies that are tied economically to countries in the Asia Pacific region. Smartetfs Asia is traded on NYSEARCA Exchange in the United States.
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Check out the analysis of SmartETFs Asia Correlation against competitors. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
The market value of SmartETFs Asia Pacific is measured differently than its book value, which is the value of SmartETFs that is recorded on the company's balance sheet. Investors also form their own opinion of SmartETFs Asia's value that differs from its market value or its book value, called intrinsic value, which is SmartETFs Asia'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 SmartETFs Asia's market value can be influenced by many factors that don't directly affect SmartETFs Asia'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 SmartETFs Asia's value and its price as these two are different measures arrived at by different means. Investors typically determine if SmartETFs Asia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SmartETFs Asia'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.