Prince Of Wales Etf Beta
| COUNTRY-A | CLP 110,000 0.00 0.00% |
Prince of Wales fundamentals help investors to digest information that contributes to Prince Of's financial success or failures. It also enables traders to predict the movement of Prince Etf. The fundamental analysis module provides a way to measure Prince Of'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 Prince Of etf.
Prince |
Prince of Wales ETF Beta Analysis
Prince Of'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 Prince Of Beta | -0.21 |
Most of Prince Of'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, Prince of Wales 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, Prince of Wales has a Beta of -0.21. This is 125.0% lower than that of the Consumer Cyclical family and 122.34% lower than that of the Leisure category. The beta for all Chile etfs is 40.0% higher than that of the company.
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As returns on the market increase, returns on owning Prince Of are expected to decrease at a much lower rate. During the bear market, Prince Of is likely to outperform the market.
Prince Fundamentals
| Return On Equity | -0.15 | |||
| Return On Asset | 0.44 | |||
| Profit Margin | (2.68) % | |||
| Operating Margin | 23.85 % | |||
| Shares Outstanding | 23.97 K | |||
| Price To Sales | 8.22 X | |||
| Revenue | 374.54 M | |||
| Gross Profit | 113.79 M | |||
| EBITDA | 350.1 M | |||
| Net Income | (10.02 M) | |||
| Current Ratio | 2.43 X | |||
| Cash Flow From Operations | 2.47 M | |||
| Number Of Employees | 249 | |||
| Beta | -0.21 | |||
| Market Capitalization | 3.08 B |
About Prince Of Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Prince of Wales's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Prince Of using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Prince of Wales 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 Prince Of
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 Prince Of 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 Prince Of will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Prince Of could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Prince Of 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 Prince Of - 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 Prince of Wales to buy it.
The correlation of Prince Of 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 Prince Of moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Prince of Wales 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 Prince Of 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 Prince Etf
Prince Of financial ratios help investors to determine whether Prince Etf 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 Prince with respect to the benefits of owning Prince Of security.