NKEQ Financial Statements From 2010 to 2024
| NKEQ Etf | USD 28.95 0.00 0.00% |
Check NKEQ financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among NKEQ's main balance sheet or income statement drivers, such as , as well as many indicators such as . NKEQ financial statements analysis is a perfect complement when working with NKEQ Valuation or Volatility modules.
NKEQ |
NKEQ ETF Net Asset Analysis
NKEQ's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current NKEQ Net Asset | 1.69 M |
Most of NKEQ's fundamental indicators, such as Net Asset, 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, NKEQ is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
CompetitionBased on the recorded statements, NKEQ has a Net Asset of 1.69 M. This is much higher than that of the AXS family and significantly higher than that of the Trading--Inverse Equity category. The net asset for all United States etfs is notably lower than that of the firm.
About NKEQ Financial Statements
NKEQ 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 NKEQ investors may analyze each financial statement separately, they are all interrelated. The changes in NKEQ's assets and liabilities, for example, are also reflected in the revenues and expenses on on NKEQ's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Under normal market circumstances, the adviser will maintain at least 80 percent exposure to financial instruments that provide two times inverse leveraged exposure to the daily performance of NKE. Axs 2X is traded on NASDAQ Exchange in the United States.
Pair Trading with NKEQ
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 NKEQ 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 NKEQ will appreciate offsetting losses from the drop in the long position's value.Moving against NKEQ Etf
| 0.81 | RWM | ProShares Short Russ | PairCorr |
| 0.77 | TAIL | Cambria Tail Risk | PairCorr |
| 0.72 | DOG | ProShares Short Dow30 | PairCorr |
| 0.7 | SPXU | ProShares UltraPro Short | PairCorr |
| 0.7 | SDS | ProShares UltraShort | PairCorr |
The ability to find closely correlated positions to NKEQ could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NKEQ 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 NKEQ - 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 NKEQ to buy it.
The correlation of NKEQ 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 NKEQ moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NKEQ 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 NKEQ 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 Correlation Analysis 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 Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
The market value of NKEQ is measured differently than its book value, which is the value of NKEQ that is recorded on the company's balance sheet. Investors also form their own opinion of NKEQ's value that differs from its market value or its book value, called intrinsic value, which is NKEQ'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 NKEQ's market value can be influenced by many factors that don't directly affect NKEQ'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 NKEQ's value and its price as these two are different measures arrived at by different means. Investors typically determine if NKEQ is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NKEQ'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.