Australian High Interest Etf Beta
| AAA Etf | 50.24 0.01 0.02% |
Australian High Interest fundamentals help investors to digest information that contributes to Australian High's financial success or failures. It also enables traders to predict the movement of Australian Etf. The fundamental analysis module provides a way to measure Australian High's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Australian High etf.
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Australian High Interest ETF Beta Analysis
Australian High'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 Australian High Beta | 0.78 |
Most of Australian High'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, Australian High Interest 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, Australian High Interest has a Beta of 0.78. This is much higher than that of the family and significantly higher than that of the Australian Cash category. The beta for all Australia etfs is notably lower than that of the firm.
Australian Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Australian High's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Australian High could also be used in its relative valuation, which is a method of valuing Australian High by comparing valuation metrics of similar companies.Australian High is third largest ETF in beta as compared to similar ETFs.
As returns on the market increase, Australian High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Australian High is expected to be smaller as well.
Australian Fundamentals
| Beta | 0.78 | |||
| One Year Return | 2.80 % | |||
| Three Year Return | 2.00 % | |||
| Five Year Return | 0.70 % | |||
| Ten Year Return | 1.60 % |
About Australian High Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Australian High Interest's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Australian High using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Australian High Interest based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Other Information on Investing in Australian Etf
Australian High financial ratios help investors to determine whether Australian 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 Australian with respect to the benefits of owning Australian High security.