Day HaganNed Financial Statements From 2010 to 2024
| SSUS Etf | USD 43.82 0.29 0.67% |
Check Day HaganNed financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Day HaganNed's main balance sheet or income statement drivers, such as , as well as many indicators such as . Day financial statements analysis is a perfect complement when working with Day HaganNed Valuation or Volatility modules.
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Day HaganNed Davis ETF Beta Analysis
Day HaganNed'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 Day HaganNed Beta | 0.78 |
Most of Day HaganNed'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, Day HaganNed Davis 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, Day HaganNed Davis has a Beta of 0.78. This is much higher than that of the Day Hagan family and significantly higher than that of the Large Blend category. The beta for all United States etfs is notably lower than that of the firm.
About Day HaganNed Financial Statements
Day HaganNed 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 Day HaganNed investors may analyze each financial statement separately, they are all interrelated. The changes in Day HaganNed's assets and liabilities, for example, are also reflected in the revenues and expenses on on Day HaganNed's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
The fund is considered a fund of funds that, under normal market conditions, seeks to achieve its investment objective by principally investing in unaffiliated equity exchange traded funds that track the performance of the individual sectors of the SP 500 Index. Day HaganNed is traded on NYSEARCA Exchange in the United States.
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Check out the analysis of Day HaganNed Correlation against competitors. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
The market value of Day HaganNed Davis is measured differently than its book value, which is the value of Day that is recorded on the company's balance sheet. Investors also form their own opinion of Day HaganNed's value that differs from its market value or its book value, called intrinsic value, which is Day HaganNed'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 Day HaganNed's market value can be influenced by many factors that don't directly affect Day HaganNed'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 Day HaganNed's value and its price as these two are different measures arrived at by different means. Investors typically determine if Day HaganNed is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Day HaganNed'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.