Principal Mega Financial Statements From 2010 to 2026
| USMC Etf | USD 68.45 0.44 0.64% |
Check Principal Mega financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Principal Mega's main balance sheet or income statement drivers, such as , as well as many indicators such as . Principal financial statements analysis is a perfect complement when working with Principal Mega Valuation or Volatility modules.
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Principal Mega Cap ETF ETF Beta Analysis
Principal Mega'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 Principal Mega Beta | 0.94 |
Most of Principal Mega'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, Principal Mega Cap ETF 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, Principal Mega Cap ETF has a Beta of 0.94. This is much higher than that of the Principal Funds 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 Principal Mega Financial Statements
Principal Mega stakeholders use historical fundamental indicators, such as Principal Mega's revenue or net income, to determine how well the company is positioned to perform in the future. Although Principal Mega investors may analyze each financial statement separately, they are all interrelated. For example, changes in Principal Mega's assets and liabilities are reflected in the revenues and expenses on Principal Mega's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Principal Mega Cap ETF. Please read more on our technical analysis and fundamental analysis pages.
Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities of U.S. companies with very large market capitalizations at the time of purchase. Principal is traded on NASDAQ Exchange in the United States.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.| JBL | Jabil Circuit | |
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Check out the analysis of Principal Mega Correlation against competitors. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
The market value of Principal Mega Cap is measured differently than its book value, which is the value of Principal that is recorded on the company's balance sheet. Investors also form their own opinion of Principal Mega's value that differs from its market value or its book value, called intrinsic value, which is Principal Mega'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 Principal Mega's market value can be influenced by many factors that don't directly affect Principal Mega'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 Principal Mega's value and its price as these two are different measures arrived at by different means. Investors typically determine if Principal Mega is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Principal Mega'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.