Altshares Trust Etf Fundamentals
| ARB Etf | USD 27.92 0.02 0.07% |
AltShares Trust fundamentals help investors to digest information that contributes to AltShares Trust's financial success or failures. It also enables traders to predict the movement of AltShares Etf. The fundamental analysis module provides a way to measure AltShares Trust'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 AltShares Trust etf.
AltShares |
AltShares Trust ETF Price To Earning Analysis
AltShares Trust'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 AltShares Trust Price To Earning | 24.77 X |
Most of AltShares Trust'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, AltShares Trust 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.
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Based on the latest financial disclosure, AltShares Trust has a Price To Earning of 24.77 times. This is much higher than that of the AltShares family and significantly higher than that of the Event Driven category. The price to earning for all United States etfs is notably lower than that of the firm.
AltShares Trust Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining AltShares Trust's current stock value. Our valuation model uses many indicators to compare AltShares Trust value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across AltShares Trust competition to find correlations between indicators driving AltShares Trust's intrinsic value. More Info.AltShares Trust is the top ETF in price to earning as compared to similar ETFs. It also is the top ETF in price to book as compared to similar ETFs fabricating about 0.29 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for AltShares Trust is roughly 3.47 . 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 AltShares Trust's earnings, one of the primary drivers of an investment's value.AltShares Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses AltShares Trust's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of AltShares Trust could also be used in its relative valuation, which is a method of valuing AltShares Trust by comparing valuation metrics of similar companies.AltShares Trust is currently under evaluation in price to earning as compared to similar ETFs.
Fund Asset Allocation for AltShares Trust
The fund consists of 95.05% investments in stocks, with the rest of investments allocated between various types of exotic instruments.Asset allocation divides AltShares Trust's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
AltShares Fundamentals
| Return On Asset | 0.24 | |||
| Profit Margin | 0.13 % | |||
| Operating Margin | 0.28 % | |||
| Current Valuation | 1.18 B | |||
| Shares Outstanding | 26.48 M | |||
| Shares Owned By Insiders | 0.58 % | |||
| Shares Owned By Institutions | 99.42 % | |||
| Number Of Shares Shorted | 1.46 M | |||
| Price To Earning | 24.77 X | |||
| Price To Book | 7.14 X | |||
| Price To Sales | 2.82 X | |||
| Revenue | 449.86 M | |||
| Gross Profit | 217.92 M | |||
| EBITDA | 123.83 M | |||
| Net Income | 56.93 M | |||
| Cash And Equivalents | 66.47 M | |||
| Cash Per Share | 3.53 X | |||
| Total Debt | 53 M | |||
| Debt To Equity | 0.75 % | |||
| Current Ratio | 1.92 X | |||
| Cash Flow From Operations | 109.86 M | |||
| Short Ratio | 5.30 X | |||
| Earnings Per Share | 1.94 X | |||
| Price To Earnings To Growth | 2.08 X | |||
| Number Of Employees | 1.29 K | |||
| Beta | 0.05 | |||
| Market Capitalization | 1.22 B | |||
| Total Asset | 79.73 M | |||
| Retained Earnings | 156.53 M | |||
| Working Capital | 53.9 M | |||
| Current Asset | 137.68 M | |||
| Current Liabilities | 83.78 M | |||
| One Year Return | 5.40 % | |||
| Three Year Return | 3.70 % | |||
| Net Asset | 79.73 M | |||
| Equity Positions Weight | 95.05 % |
About AltShares Trust Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze AltShares Trust 's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of AltShares Trust using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of AltShares Trust 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.The fund seeks to track the performance of the index, which is designed to reflect a global merger arbitrage strategy. Altshares Merger is traded on New York Stock Exchange in the United States.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether AltShares Trust offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AltShares Trust's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Altshares Trust Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Altshares Trust Etf:Check out AltShares Trust Piotroski F Score and AltShares Trust Altman Z Score analysis. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
The market value of AltShares Trust is measured differently than its book value, which is the value of AltShares that is recorded on the company's balance sheet. Investors also form their own opinion of AltShares Trust's value that differs from its market value or its book value, called intrinsic value, which is AltShares Trust'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 AltShares Trust's market value can be influenced by many factors that don't directly affect AltShares Trust'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 AltShares Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if AltShares Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AltShares Trust'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.