Principal Spectrum Financials
| PREF Etf | USD 18.72 0.01 0.05% |
Net Expense Ratio 0.0055 | 3 y Sharp Ratio (0.26) |
Principal |
The data published in Principal Spectrum's official financial statements typically reflect Principal Spectrum's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Principal Spectrum's quantitative information. For example, before you start analyzing numbers published by Principal accountants, it's essential to understand Principal Spectrum's liquidity, profitability, and earnings quality within the context of the Principal Funds space in which it operates.
Principal Spectrum Etf Summary
Principal Spectrum competes with Managed Account, Fidelity Sai, and Schwab Strategic. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in preferred securities at the time of purchase. Principal Spectrum is traded on NYSEARCA Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US74255Y8883 |
| CUSIP | 74255Y888 |
| Region | Global |
| Investment Issuer | Principal |
| Etf Family | Principal Funds |
| Fund Category | Strategy |
| Portfolio Concentration | Preferred Stock |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
Principal Spectrum Key Financial Ratios
Principal Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Principal Spectrum's current stock value. Our valuation model uses many indicators to compare Principal Spectrum value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Principal Spectrum competition to find correlations between indicators driving Principal Spectrum's intrinsic value. More Info.Principal Spectrum Preferred is regarded second largest ETF in beta as compared to similar ETFs. It is rated number one ETF in one year return as compared to similar ETFs reporting about 21.37 of One Year Return per Beta. Comparative valuation analysis is a catch-all technique that is used if you cannot value Principal Spectrum 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.Principal Spectrum Systematic Risk
Principal Spectrum's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Principal Spectrum volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Principal Spectrum correlated with the market. If Beta is less than 0 Principal Spectrum generally moves in the opposite direction as compared to the market. If Principal Spectrum Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Principal Spectrum is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Principal Spectrum is generally in the same direction as the market. If Beta > 1 Principal Spectrum moves generally in the same direction as, but more than the movement of the benchmark.
About Principal Spectrum Financials
What exactly are Principal Spectrum Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Principal Spectrum's income statement, its balance sheet, and the statement of cash flows. Potential Principal Spectrum investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Principal Spectrum investors may use each financial statement separately, they are all related. The changes in Principal Spectrum's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Principal Spectrum's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.Principal Spectrum Thematic Clasifications
Principal Spectrum Preferred is part of several thematic ideas from Strategy ETFs to Preferred Stock ETFs. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasPrincipal Spectrum November 23, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Principal Spectrum help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Principal Spectrum Preferred. We use our internally-developed statistical techniques to arrive at the intrinsic value of Principal Spectrum Preferred based on widely used predictive technical indicators. In general, we focus on analyzing Principal Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Principal Spectrum's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.1619 | |||
| Information Ratio | (0.36) | |||
| Maximum Drawdown | 1.13 | |||
| Value At Risk | (0.16) | |||
| Potential Upside | 0.3236 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Principal Spectrum Preferred. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
The market value of Principal Spectrum 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 Spectrum's value that differs from its market value or its book value, called intrinsic value, which is Principal Spectrum'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 Spectrum's market value can be influenced by many factors that don't directly affect Principal Spectrum'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 Spectrum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Principal Spectrum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Principal Spectrum'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.