ClearShares Piton Financial Statements From 2010 to 2024
| PIFI Etf | USD 93.85 0.25 0.27% |
Check ClearShares Piton financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ClearShares Piton's main balance sheet or income statement drivers, such as , as well as many indicators such as . ClearShares financial statements analysis is a perfect complement when working with ClearShares Piton Valuation or Volatility modules.
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ClearShares Piton Intermediate ETF Beta Analysis
ClearShares Piton'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 ClearShares Piton Beta | 0.57 |
Most of ClearShares Piton'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, ClearShares Piton Intermediate 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, ClearShares Piton Intermediate has a Beta of 0.57. This is much higher than that of the ClearShares family and significantly higher than that of the Intermediate Core Bond category. The beta for all United States etfs is notably lower than that of the firm.
About ClearShares Piton Financial Statements
Investors use fundamental indicators, such as ClearShares Piton's revenue or net income, to determine how well the company is positioned to perform in the future. Although ClearShares Piton's investors may analyze each financial statement separately, they are all interrelated. Understanding these patterns can help investors make the right trading decisions.
The fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing, under normal market conditions, at least 80 percent of its net assets in debt securities and other instruments that have economic characteristics similar to such securities. ClearShares Piton is traded on NYSEARCA Exchange in the United States.
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When determining whether ClearShares Piton offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ClearShares Piton's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Clearshares Piton Intermediate Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Clearshares Piton Intermediate Etf:Check out the analysis of ClearShares Piton Correlation against competitors. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
The market value of ClearShares Piton is measured differently than its book value, which is the value of ClearShares that is recorded on the company's balance sheet. Investors also form their own opinion of ClearShares Piton's value that differs from its market value or its book value, called intrinsic value, which is ClearShares Piton'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 ClearShares Piton's market value can be influenced by many factors that don't directly affect ClearShares Piton'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 ClearShares Piton's value and its price as these two are different measures arrived at by different means. Investors typically determine if ClearShares Piton is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ClearShares Piton'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.