Barclays Etn Select Etf Fundamentals
| ATMP Etf | USD 29.79 0.61 2.09% |
Barclays ETN Select fundamentals help investors to digest information that contributes to Barclays ETN's financial success or failures. It also enables traders to predict the movement of Barclays Etf. The fundamental analysis module provides a way to measure Barclays ETN'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 Barclays ETN etf.
Barclays |
Barclays ETN Select ETF Beta Analysis
Barclays ETN'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 Barclays ETN Beta | 0.69 |
Most of Barclays ETN'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, Barclays ETN Select 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.
| Competition |
In accordance with the recently published financial statements, Barclays ETN Select has a Beta of 0.69. This is much higher than that of the Milleis Investissements Funds family and significantly higher than that of the Energy Limited Partnership category. The beta for all United States etfs is notably lower than that of the firm.
Barclays Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Barclays ETN'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 Barclays ETN could also be used in its relative valuation, which is a method of valuing Barclays ETN by comparing valuation metrics of similar companies.Barclays ETN is currently under evaluation in beta as compared to similar ETFs.
As returns on the market increase, Barclays ETN's returns are expected to increase less than the market. However, during the bear market, the loss of holding Barclays ETN is expected to be smaller as well.
Barclays Fundamentals
| Earnings Per Share | (0.50) X | |||
| Number Of Employees | 238 | |||
| Beta | 0.69 | |||
| Total Asset | 173.08 M | |||
| One Year Return | 44.60 % | |||
| Three Year Return | 30.00 % | |||
| Five Year Return | 20.00 % | |||
| Ten Year Return | 5.10 % | |||
| Net Asset | 173.08 M | |||
| Last Dividend Paid | 0.24 |
About Barclays ETN Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Barclays ETN Select's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Barclays ETN using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Barclays ETN Select 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 index seeks to capture returns that may be available from investing in a basket of direct or indirect interests in master limited partnerships , limited liability companies and corporations that are selected pursuant to the Atlantic Trust Select MLP Strategy. IPath Select is traded on BATS Exchange in the United States.
Pair Trading with Barclays ETN
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Barclays ETN position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Barclays ETN will appreciate offsetting losses from the drop in the long position's value.Moving together with Barclays Etf
| 0.97 | EMLP | First Trust North | PairCorr |
| 0.9 | AMJ | JPMorgan | PairCorr |
| 0.91 | MLPA | Global X MLP | PairCorr |
| 0.99 | MLPX | Global X MLP | PairCorr |
| 0.99 | TPYP | Tortoise North American | PairCorr |
Moving against Barclays Etf
The ability to find closely correlated positions to Barclays ETN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Barclays ETN when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Barclays ETN - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Barclays ETN Select to buy it.
The correlation of Barclays ETN is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Barclays ETN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Barclays ETN Select moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Barclays ETN can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Barclays ETN Piotroski F Score and Barclays ETN Altman Z Score analysis. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of Barclays ETN Select is measured differently than its book value, which is the value of Barclays that is recorded on the company's balance sheet. Investors also form their own opinion of Barclays ETN's value that differs from its market value or its book value, called intrinsic value, which is Barclays ETN'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 Barclays ETN's market value can be influenced by many factors that don't directly affect Barclays ETN'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 Barclays ETN's value and its price as these two are different measures arrived at by different means. Investors typically determine if Barclays ETN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Barclays ETN'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.