SHP ETF Financials
| SPYI Etf | USD 52.15 0.06 0.11% |
Net Expense Ratio 0.0068 |
SHP |
The data published in SHP ETF's official financial statements typically reflect SHP ETF'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 SHP ETF's quantitative information. For example, before you start analyzing numbers published by SHP accountants, it's essential to understand SHP ETF's liquidity, profitability, and earnings quality within the context of the Neos Funds space in which it operates.
SHP ETF Etf Summary
SHP ETF competes with Global X, Amplify CWP, Global X, JPMorgan Nasdaq, and NEOS ETF. The fund is an actively-managed ETF that seeks to achieve its investment objective by investing in a portfolio of stocks that make up the SP 500 Index and a call options strategy, which consists of a mix of written call options and long call options on the SP 500 Index. Shp ETF is traded on BATS Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | BATS Exchange |
| Region | North America |
| Investment Issuer | NEOS Investment Management |
| Etf Family | Neos Funds |
| Fund Category | Strategy |
| Portfolio Concentration | Buywrite |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
SHP Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining SHP ETF's current stock value. Our valuation model uses many indicators to compare SHP ETF value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across SHP ETF competition to find correlations between indicators driving SHP ETF's intrinsic value. More Info.SHP ETF Trust is rated fourth largest ETF in one year return as compared to similar ETFs. It is rated below average in net asset as compared to similar ETFs making up about 36,788 of Net Asset per One Year Return. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the SHP ETF's earnings, one of the primary drivers of an investment's value.SHP ETF Trust Systematic Risk
SHP ETF's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. SHP ETF 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 four with a total number of output elements of fifty-seven. The Beta measures systematic risk based on how returns on SHP ETF Trust correlated with the market. If Beta is less than 0 SHP ETF generally moves in the opposite direction as compared to the market. If SHP ETF Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one SHP ETF Trust is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of SHP ETF is generally in the same direction as the market. If Beta > 1 SHP ETF moves generally in the same direction as, but more than the movement of the benchmark.
About SHP ETF Financials
What exactly are SHP ETF 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 SHP ETF's income statement, its balance sheet, and the statement of cash flows. Potential SHP ETF investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although SHP ETF investors may use each financial statement separately, they are all related. The changes in SHP ETF's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on SHP ETF'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.SHP ETF Thematic Clasifications
SHP ETF Trust is part of several thematic ideas from Strategy ETFs to Buywrite 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 IdeasSHP ETF November 27, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of SHP ETF help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of SHP ETF Trust. We use our internally-developed statistical techniques to arrive at the intrinsic value of SHP ETF Trust based on widely used predictive technical indicators. In general, we focus on analyzing SHP Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build SHP ETF's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.6576 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 2.51 | |||
| Value At Risk | (0.76) | |||
| Potential Upside | 0.9765 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SHP ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
The market value of SHP ETF Trust is measured differently than its book value, which is the value of SHP that is recorded on the company's balance sheet. Investors also form their own opinion of SHP ETF's value that differs from its market value or its book value, called intrinsic value, which is SHP ETF'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 SHP ETF's market value can be influenced by many factors that don't directly affect SHP ETF'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 SHP ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if SHP ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SHP ETF'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.