Egshares Blue Chip Etf Fundamentals
| BCHP Etf | USD 34.65 0.29 0.84% |
EGSHARES BLUE CHIP fundamentals help investors to digest information that contributes to EGSHARES BLUE's financial success or failures. It also enables traders to predict the movement of EGSHARES Etf. The fundamental analysis module provides a way to measure EGSHARES BLUE'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 EGSHARES BLUE etf.
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EGSHARES BLUE CHIP ETF Price To Earning Analysis
EGSHARES BLUE'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 EGSHARES BLUE Price To Earning | 12.93 X |
Most of EGSHARES BLUE'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, EGSHARES BLUE CHIP 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.
| Competition |
Based on the latest financial disclosure, EGSHARES BLUE CHIP has a Price To Earning of 12.93 times. This is much higher than that of the family and significantly higher than that of the Large Growth category. The price to earning for all United States etfs is notably lower than that of the firm.
EGSHARES BLUE CHIP Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining EGSHARES BLUE's current stock value. Our valuation model uses many indicators to compare EGSHARES BLUE value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across EGSHARES BLUE competition to find correlations between indicators driving EGSHARES BLUE's intrinsic value. More Info.EGSHARES BLUE CHIP 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 0.18 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for EGSHARES BLUE CHIP is roughly 5.50 . Comparative valuation analysis is a catch-all technique that is used if you cannot value EGSHARES BLUE 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.Did you try this?
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Fund Asset Allocation for EGSHARES BLUE
The fund invests 99.73% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides EGSHARES BLUE'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.
EGSHARES Fundamentals
| Price To Earning | 12.93 X | |||
| Price To Book | 2.35 X | |||
| Price To Sales | 1.25 X | |||
| Annual Yield | 1.04 % | |||
| Year To Date Return | (0.33) % | |||
| One Year Return | 25.30 % | |||
| Net Asset | 4.5 M | |||
| Equity Positions Weight | 99.73 % |
About EGSHARES BLUE Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze EGSHARES BLUE CHIP's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of EGSHARES BLUE using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of EGSHARES BLUE CHIP 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.
Pair Trading with EGSHARES BLUE
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 EGSHARES BLUE 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 EGSHARES BLUE will appreciate offsetting losses from the drop in the long position's value.Moving together with EGSHARES Etf
| 0.81 | VUG | Vanguard Growth Index | PairCorr |
| 0.94 | IWF | iShares Russell 1000 | PairCorr |
| 0.92 | IVW | iShares SP 500 | PairCorr |
| 0.92 | SPYG | SPDR Portfolio SP | PairCorr |
| 0.93 | IUSG | iShares Core SP | PairCorr |
The ability to find closely correlated positions to EGSHARES BLUE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EGSHARES BLUE 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 EGSHARES BLUE - 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 EGSHARES BLUE CHIP to buy it.
The correlation of EGSHARES BLUE 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 EGSHARES BLUE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EGSHARES BLUE CHIP 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 EGSHARES BLUE 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 EGSHARES BLUE Piotroski F Score and EGSHARES BLUE Altman Z Score analysis. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
The market value of EGSHARES BLUE CHIP is measured differently than its book value, which is the value of EGSHARES that is recorded on the company's balance sheet. Investors also form their own opinion of EGSHARES BLUE's value that differs from its market value or its book value, called intrinsic value, which is EGSHARES BLUE'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 EGSHARES BLUE's market value can be influenced by many factors that don't directly affect EGSHARES BLUE'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 EGSHARES BLUE's value and its price as these two are different measures arrived at by different means. Investors typically determine if EGSHARES BLUE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EGSHARES BLUE'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.