Themes Natural Monopoly Etf Price To Earning
| CZAR Etf | 30.15 0.11 0.37% |
Themes Natural Monopoly fundamentals help investors to digest information that contributes to Themes Natural's financial success or failures. It also enables traders to predict the movement of Themes Etf. The fundamental analysis module provides a way to measure Themes Natural'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 Themes Natural etf.
Themes |
Themes Natural Monopoly ETF Price To Earning Analysis
Themes Natural'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.
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, Themes Natural Monopoly has a Price To Earning of 0.0 times. This indicator is about the same for the average (which is currently at 0.0) family and about the same as Large Blend (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
Did you try this?
Run Transaction History Now
Transaction HistoryView history of all your transactions and understand their impact on performance |
| All Next | Launch Module |
About Themes Natural Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Themes Natural Monopoly's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Themes Natural using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Themes Natural Monopoly 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 Themes Natural
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 Themes Natural 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 Themes Natural will appreciate offsetting losses from the drop in the long position's value.Moving together with Themes Etf
| 0.8 | VTI | Vanguard Total Stock | PairCorr |
| 0.81 | SPY | SPDR SP 500 Aggressive Push | PairCorr |
| 0.81 | IVV | iShares Core SP | PairCorr |
| 0.9 | VIG | Vanguard Dividend | PairCorr |
| 0.8 | VV | Vanguard Large Cap | PairCorr |
Moving against Themes Etf
| 0.51 | VIIX | VIIX | PairCorr |
| 0.48 | YCL | ProShares Ultra Yen | PairCorr |
| 0.45 | ULE | ProShares Ultra Euro | PairCorr |
| 0.45 | FXY | Invesco CurrencyShares | PairCorr |
The ability to find closely correlated positions to Themes Natural could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Themes Natural 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 Themes Natural - 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 Themes Natural Monopoly to buy it.
The correlation of Themes Natural 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 Themes Natural moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Themes Natural Monopoly 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 Themes Natural 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 Themes Natural Piotroski F Score and Themes Natural Altman Z Score analysis. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
The market value of Themes Natural Monopoly is measured differently than its book value, which is the value of Themes that is recorded on the company's balance sheet. Investors also form their own opinion of Themes Natural's value that differs from its market value or its book value, called intrinsic value, which is Themes Natural'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 Themes Natural's market value can be influenced by many factors that don't directly affect Themes Natural'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 Themes Natural's value and its price as these two are different measures arrived at by different means. Investors typically determine if Themes Natural is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Themes Natural'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.