Chir Etf Debt To Equity
| CHIR Etf | USD 17.11 0.50 3.01% |
CHIR fundamentals help investors to digest information that contributes to CHIR's financial success or failures. It also enables traders to predict the movement of CHIR Etf. The fundamental analysis module provides a way to measure CHIR'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 CHIR etf.
CHIR |
CHIR ETF Debt To Equity Analysis
CHIR's Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
High Debt to Equity ratio typically indicates that a firm has been borrowing aggressively to finance its growth and as a result may experience a burden of additional interest expense. This may reduce earnings or future growth. On the other hand a small D/E ratio may indicate that a company is not taking enough advantage from financial leverage. Debt to Equity ratio measures how the company is leveraging borrowing against the capital invested by the owners.
CompetitionAccording to the company disclosure, CHIR has a Debt To Equity of 0.0%. This indicator is about the same for the Global X Funds average (which is currently at 0.0) family and about the same as China Region (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
CHIR Debt To Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses CHIR's direct or indirect competition against its Debt To Equity to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of CHIR could also be used in its relative valuation, which is a method of valuing CHIR by comparing valuation metrics of similar companies.CHIR is currently under evaluation in debt to equity as compared to similar ETFs.
Fund Asset Allocation for CHIR
The fund invests 100.03% of asset under management in tradable equity instruments, with the rest of investments concentrated in .Asset allocation divides CHIR'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.
CHIR Fundamentals
| Number Of Employees | 158 | |||
| Beta | 1.3 | |||
| Total Asset | 6.09 M | |||
| One Year Return | (43.70) % | |||
| Three Year Return | (34.60) % | |||
| Five Year Return | (22.00) % | |||
| Net Asset | 6.09 M | |||
| Last Dividend Paid | 0.43 | |||
| Equity Positions Weight | 100.03 % |
About CHIR Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze CHIR's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CHIR using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CHIR 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 CHIR
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 CHIR 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 CHIR will appreciate offsetting losses from the drop in the long position's value.Moving against CHIR Etf
| 0.78 | PULS | PGIM Ultra Short | PairCorr |
| 0.76 | CPST | Calamos ETF Trust | PairCorr |
| 0.66 | MPAY | Akros Monthly Payout | PairCorr |
| 0.62 | DIS | Walt Disney | PairCorr |
| 0.6 | CAPD | Barclays Capital | PairCorr |
The ability to find closely correlated positions to CHIR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CHIR 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 CHIR - 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 CHIR to buy it.
The correlation of CHIR 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 CHIR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CHIR 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 CHIR 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 Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
The market value of CHIR is measured differently than its book value, which is the value of CHIR that is recorded on the company's balance sheet. Investors also form their own opinion of CHIR's value that differs from its market value or its book value, called intrinsic value, which is CHIR'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 CHIR's market value can be influenced by many factors that don't directly affect CHIR'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 CHIR's value and its price as these two are different measures arrived at by different means. Investors typically determine if CHIR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CHIR'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.