Technology Select Financial Statements From 2010 to 2024
| XLK Etf | USD 233.59 0.01 0% |
Check Technology Select financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Technology Select's main balance sheet or income statement drivers, such as , as well as many indicators such as . Technology financial statements analysis is a perfect complement when working with Technology Select Valuation or Volatility modules.
Technology |
Technology Select Sector ETF Price To Earning Analysis
Technology Select'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 Technology Select Price To Earning | 2.48 X |
Most of Technology Select'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, Technology Select Sector 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 |
Technology Select Price To Earning Component Assessment
Based on the latest financial disclosure, Technology Select Sector has a Price To Earning of 2.48 times. This is 63.53% lower than that of the Category family and 61.11% lower than that of the Technology category. The price to earning for all United States etfs is 21.27% higher than that of the company.
Technology Select Sector Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Technology Select's current stock value. Our valuation model uses many indicators to compare Technology Select value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Technology Select competition to find correlations between indicators driving Technology Select's intrinsic value. More Info.Technology Select Sector is rated first in price to earning as compared to similar ETFs. It is rated first in price to book as compared to similar ETFs fabricating about 1.65 of Price To Book per Price To Earning. Comparative valuation analysis is a catch-all technique that is used if you cannot value Technology Select by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.About Technology Select Financial Statements
Technology Select investors utilize fundamental indicators, such as revenue or net income, to predict how Technology 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.
In seeking to track the performance of the index, the fund employs a replication strategy, which means that the fund typically invests in substantially all of the securities represented in the index in approximately the same proportions as the index. SP 500 is traded on NYSEARCA Exchange in the United States.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out the analysis of Technology Select Correlation against competitors. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
The market value of Technology Select Sector is measured differently than its book value, which is the value of Technology that is recorded on the company's balance sheet. Investors also form their own opinion of Technology Select's value that differs from its market value or its book value, called intrinsic value, which is Technology Select'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 Technology Select's market value can be influenced by many factors that don't directly affect Technology Select'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 Technology Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Technology Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Technology Select'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.