Bloom Select Income Fund Cash Position Weight
| BLB-UN Fund | CAD 7.97 0.00 0.00% |
Bloom Select Income fundamentals help investors to digest information that contributes to Bloom Select's financial success or failures. It also enables traders to predict the movement of Bloom Fund. The fundamental analysis module provides a way to measure Bloom Select'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 Bloom Select fund.
Bloom |
Bloom Select Income Fund Cash Position Weight Analysis
Bloom Select's Percentage of fund asset invested in cash equivalents or risk-free instruments. About 40% of all global funds carry cash on their balance sheet.
Funds or ETFs that have over 40% of their value invested in low-risk instruments or cash equivalents typically attract conservative investors.
In accordance with the recently published financial statements, Bloom Select Income has 0.0% in Cash Position Weight. This indicator is about the same for the average (which is currently at 0.0) family and about the same as Cash Position Weight (which currently averages 0.0) category. This indicator is about the same for all Canada funds average (which is currently at 0.0).
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About Bloom Select Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Bloom Select Income's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bloom Select using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bloom Select Income based on its fundamental data. In general, a quantitative approach, as applied to this fund, 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 Bloom Select
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 Bloom Select 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 Bloom Select will appreciate offsetting losses from the drop in the long position's value.Moving together with Bloom Fund
| 0.8 | 0P0000706A | RBC Select Balanced | PairCorr |
| 0.81 | 0P00007069 | RBC Portefeuille | PairCorr |
| 0.64 | 0P0001FAU8 | TD Comfort Balanced | PairCorr |
| 0.74 | 0P00012UCU | RBC Global Equity | PairCorr |
The ability to find closely correlated positions to Bloom Select could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bloom Select 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 Bloom Select - 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 Bloom Select Income to buy it.
The correlation of Bloom Select 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 Bloom Select moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bloom Select Income 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 Bloom Select 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.Other Information on Investing in Bloom Fund
Bloom Select financial ratios help investors to determine whether Bloom Fund 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 Bloom with respect to the benefits of owning Bloom Select security.
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