FundX Aggressive Financial Statements From 2010 to 2025
| XNAV Etf | USD 70.77 0.68 0.95% |
Check FundX Aggressive financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among FundX Aggressive's main balance sheet or income statement drivers, such as , as well as many indicators such as . FundX financial statements analysis is a perfect complement when working with FundX Aggressive Valuation or Volatility modules.
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FundX Aggressive ETF ETF Beta Analysis
FundX Aggressive'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 FundX Aggressive Beta | 0.94 |
Most of FundX Aggressive'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, FundX Aggressive 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, FundX Aggressive ETF has a Beta of 0.94. This is much higher than that of the family and significantly higher than that of the Large Growth category. The beta for all United States etfs is notably lower than that of the firm.
About FundX Aggressive Financial Statements
FundX Aggressive investors use historical fundamental indicators, such as FundX Aggressive's revenue or net income, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in FundX Aggressive. Please read more on our technical analysis and fundamental analysis pages.
FundX Aggressive is entity of United States. It is traded as Etf on NYSE ARCA exchange.
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Check out the analysis of FundX Aggressive Correlation against competitors. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
The market value of FundX Aggressive ETF is measured differently than its book value, which is the value of FundX that is recorded on the company's balance sheet. Investors also form their own opinion of FundX Aggressive's value that differs from its market value or its book value, called intrinsic value, which is FundX Aggressive'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 FundX Aggressive's market value can be influenced by many factors that don't directly affect FundX Aggressive'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 FundX Aggressive's value and its price as these two are different measures arrived at by different means. Investors typically determine if FundX Aggressive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FundX Aggressive'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.