IShares SPTSX Financial Statements From 2010 to 2024
| XEG Etf | CAD 18.60 0.09 0.49% |
Check IShares SPTSX financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among IShares SPTSX's main balance sheet or income statement drivers, such as , as well as many indicators such as . IShares financial statements analysis is a perfect complement when working with IShares SPTSX Valuation or Volatility modules.
IShares |
iShares SPTSX Capped ETF Price To Earning Analysis
IShares SPTSX's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current IShares SPTSX Price To Earning | 2.18 X |
Most of IShares SPTSX's fundamental indicators, such as Price To Earning, 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, iShares SPTSX Capped is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
Based on the latest financial disclosure, iShares SPTSX Capped has a Price To Earning of 2.18 times. This is 48.58% lower than that of the iShares family and significantly higher than that of the Energy Equity category. The price to earning for all Canada etfs is 30.79% higher than that of the company.
iShares SPTSX Capped Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining IShares SPTSX's current stock value. Our valuation model uses many indicators to compare IShares SPTSX value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across IShares SPTSX competition to find correlations between indicators driving IShares SPTSX's intrinsic value. More Info.iShares SPTSX Capped is rated first in price to earning as compared to similar ETFs. It is rated first in beta as compared to similar ETFs totaling about 0.42 of Beta per Price To Earning. The ratio of Price To Earning to Beta for iShares SPTSX Capped is roughly 2.37 . Comparative valuation analysis is a catch-all model that can be used if you cannot value IShares SPTSX by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for IShares SPTSX'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 IShares SPTSX Financial Statements
IShares SPTSX investors utilize fundamental indicators, such as revenue or net income, to predict how IShares 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.
The investment seeks to replicate the performance, net of expenses, of the SPTSX Capped Energy Index. iSHARES SP is traded on Toronto Stock Exchange in Canada.
Pair Trading with IShares SPTSX
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 IShares SPTSX 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 IShares SPTSX will appreciate offsetting losses from the drop in the long position's value.Moving together with IShares Etf
| 0.86 | ZEO | BMO Equal Weight | PairCorr |
| 0.83 | NXF | First Asset Energy | PairCorr |
| 1.0 | HXE | Global X SPTSX | PairCorr |
| 0.84 | HPF | Energy Leaders Plus | PairCorr |
The ability to find closely correlated positions to IShares SPTSX could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares SPTSX 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 IShares SPTSX - 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 iShares SPTSX Capped to buy it.
The correlation of IShares SPTSX 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 IShares SPTSX moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares SPTSX Capped 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 IShares SPTSX 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 IShares Etf
IShares SPTSX financial ratios help investors to determine whether IShares 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 IShares with respect to the benefits of owning IShares SPTSX security.