IShares SPTSX Financial Statements From 2010 to 2024
| CDZ Etf | CAD 36.89 0.12 0.32% |
Check IShares SPTSX financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among IShares SPTSX's main balance sheet or income statement drivers, such as , as well as many indicators such as . IShares financial statements analysis is a perfect complement when working with IShares SPTSX Valuation or Volatility modules.
IShares |
iShares SPTSX Canadian ETF Beta Analysis
IShares SPTSX'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 IShares SPTSX Beta | 0.91 |
Most of IShares SPTSX'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, iShares SPTSX Canadian 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.
| Competition |
In accordance with the recently published financial statements, iShares SPTSX Canadian has a Beta of 0.91. This is much higher than that of the iShares family and significantly higher than that of the Canadian Dividend and Income Equity category. The beta for all Canada etfs is notably lower than that of the firm.
iShares SPTSX Canadian Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining IShares SPTSX's current stock value. Our valuation model uses many indicators to compare IShares SPTSX value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across IShares SPTSX competition to find correlations between indicators driving IShares SPTSX's intrinsic value. More Info.iShares SPTSX Canadian is the top ETF in price to earning as compared to similar ETFs. It also is the top ETF in price to book as compared to similar ETFs fabricating about 0.11 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for iShares SPTSX Canadian is roughly 9.43 . Comparative valuation analysis is a catch-all model that can be used if you cannot value IShares SPTSX by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for IShares SPTSX'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.About IShares SPTSX Financial Statements
IShares SPTSX investors utilize fundamental indicators, such as revenue or net income, to predict how IShares Etf might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
The investment seeks to replicate the performance, net of expenses, of the SPTSX Canadian Dividend Aristocrats index. ISHARES SP is traded on Toronto Stock Exchange in Canada.
Pair Trading with IShares SPTSX
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 IShares SPTSX 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 IShares SPTSX will appreciate offsetting losses from the drop in the long position's value.Moving together with IShares Etf
| 0.98 | ZWC | BMO Canadian High | PairCorr |
| 0.99 | XDV | iShares Canadian Select | PairCorr |
| 0.99 | PDC | Invesco Canadian Dividend | PairCorr |
| 0.99 | XEI | iShares SPTSX Composite | PairCorr |
Moving against IShares Etf
The ability to find closely correlated positions to IShares SPTSX could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares SPTSX 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 IShares SPTSX - 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 iShares SPTSX Canadian to buy it.
The correlation of IShares SPTSX 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 IShares SPTSX moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares SPTSX Canadian 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 IShares SPTSX 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.Other Information on Investing in IShares Etf
IShares SPTSX financial ratios help investors to determine whether IShares Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in IShares with respect to the benefits of owning IShares SPTSX security.