BetaPro SP Financial Statements From 2010 to 2024
| HSU Etf | CAD 26.53 0.14 0.53% |
Check BetaPro SP financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among BetaPro SP's main balance sheet or income statement drivers, such as , as well as many indicators such as . BetaPro financial statements analysis is a perfect complement when working with BetaPro SP Valuation or Volatility modules.
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BetaPro SP 500 ETF Price To Sales Analysis
BetaPro SP's Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Current BetaPro SP Price To Sales | 1.86 X |
Most of BetaPro SP's fundamental indicators, such as Price To Sales, 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, BetaPro SP 500 is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
| Competition |
Based on the latest financial disclosure, BetaPro SP 500 has a Price To Sales of 1.86 times. This is much higher than that of the Horizons ETFs Management (Canada) Inc family and significantly higher than that of the Passive Inverse/Leveraged category. The price to sales for all Canada etfs is notably lower than that of the firm.
BetaPro SP 500 Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining BetaPro SP's current stock value. Our valuation model uses many indicators to compare BetaPro SP value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across BetaPro SP competition to find correlations between indicators driving BetaPro SP's intrinsic value. More Info.BetaPro SP 500 is rated # 4 ETF in price to earning as compared to similar ETFs. It is rated # 2 ETF in price to book as compared to similar ETFs fabricating about 0.14 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for BetaPro SP 500 is roughly 7.12 . Comparative valuation analysis is a catch-all model that can be used if you cannot value BetaPro SP by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for BetaPro SP'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 BetaPro SP Financial Statements
BetaPro SP investors utilize fundamental indicators, such as revenue or net income, to predict how BetaPro 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.
HSU seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times the daily performance of the SP 500. BETAPRO SP500 is traded on Toronto Stock Exchange in Canada.
Pair Trading with BetaPro SP
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 BetaPro SP 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 BetaPro SP will appreciate offsetting losses from the drop in the long position's value.Moving together with BetaPro Etf
Moving against BetaPro Etf
| 1.0 | HSD | BetaPro SP 500 | PairCorr |
| 0.98 | HQD | BetaPro NASDAQ 100 | PairCorr |
| 0.94 | HXD | BetaPro SPTSX 60 | PairCorr |
| 0.51 | HOD | BetaPro Crude Oil | PairCorr |
The ability to find closely correlated positions to BetaPro SP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BetaPro SP 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 BetaPro SP - 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 BetaPro SP 500 to buy it.
The correlation of BetaPro SP 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 BetaPro SP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BetaPro SP 500 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 BetaPro SP 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 BetaPro Etf
BetaPro SP financial ratios help investors to determine whether BetaPro 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 BetaPro with respect to the benefits of owning BetaPro SP security.