CHIR Financial Statements From 2010 to 2024
| CHIR Etf | USD 17.11 0.50 3.01% |
Check CHIR financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CHIR's main balance sheet or income statement drivers, such as , as well as many indicators such as . CHIR financial statements analysis is a perfect complement when working with CHIR Valuation or Volatility modules.
CHIR |
CHIR ETF Beta Analysis
CHIR'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 CHIR Beta | 1.3 |
Most of CHIR'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, CHIR 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.
CompetitionIn accordance with the recently published financial statements, CHIR has a Beta of 1.3. This is much higher than that of the Global X Funds family and significantly higher than that of the China Region category. The beta for all United States etfs is notably lower than that of the firm.
About CHIR Financial Statements
CHIR shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although CHIR investors may analyze each financial statement separately, they are all interrelated. The changes in CHIR's assets and liabilities, for example, are also reflected in the revenues and expenses on on CHIR's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
The fund invests at least 80 percent of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. Gx MSCI is traded on NYSEARCA Exchange in the United States.
Pair Trading with CHIR
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 CHIR 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 CHIR will appreciate offsetting losses from the drop in the long position's value.Moving against CHIR Etf
| 0.81 | CPST | Calamos ETF Trust | PairCorr |
| 0.78 | PULS | PGIM Ultra Short | PairCorr |
| 0.77 | MPAY | Akros Monthly Payout | PairCorr |
| 0.61 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.6 | CAPD | Barclays Capital | PairCorr |
The ability to find closely correlated positions to CHIR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CHIR 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 CHIR - 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 CHIR to buy it.
The correlation of CHIR 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 CHIR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CHIR 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 CHIR 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.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 gross domestic product. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
The market value of CHIR is measured differently than its book value, which is the value of CHIR that is recorded on the company's balance sheet. Investors also form their own opinion of CHIR's value that differs from its market value or its book value, called intrinsic value, which is CHIR'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 CHIR's market value can be influenced by many factors that don't directly affect CHIR'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 CHIR's value and its price as these two are different measures arrived at by different means. Investors typically determine if CHIR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CHIR'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.