Roundhill Acquirers Deep Etf Fundamentals
| DEEP Etf | USD 37.02 0.02 0.05% |
Roundhill Acquirers Deep fundamentals help investors to digest information that contributes to Roundhill Acquirers' financial success or failures. It also enables traders to predict the movement of Roundhill Etf. The fundamental analysis module provides a way to measure Roundhill Acquirers' 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 Roundhill Acquirers etf.
Roundhill |
Roundhill Acquirers Deep ETF Beta Analysis
Roundhill Acquirers' 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 Roundhill Acquirers Beta | 1.02 |
Most of Roundhill Acquirers' 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, Roundhill Acquirers Deep 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, Roundhill Acquirers Deep has a Beta of 1.02. This is much higher than that of the Roundhill Investments family and significantly higher than that of the Small Value category. The beta for all United States etfs is notably lower than that of the firm.
Roundhill Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Roundhill Acquirers' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Roundhill Acquirers could also be used in its relative valuation, which is a method of valuing Roundhill Acquirers by comparing valuation metrics of similar companies.Roundhill Acquirers is currently under evaluation in beta as compared to similar ETFs.
Fund Asset Allocation for Roundhill Acquirers
The fund invests 99.76% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides Roundhill Acquirers' 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.
Roundhill Acquirers returns are very sensitive to returns on the market. As the market goes up or down, Roundhill Acquirers is expected to follow.
Roundhill Fundamentals
| Beta | 1.02 | |||
| Total Asset | 37.47 M | |||
| One Year Return | 15.10 % | |||
| Three Year Return | 1.60 % | |||
| Five Year Return | 4.80 % | |||
| Ten Year Return | 6.60 % | |||
| Net Asset | 37.47 M | |||
| Equity Positions Weight | 99.76 % |
About Roundhill Acquirers Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Roundhill Acquirers Deep's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Roundhill Acquirers using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Roundhill Acquirers Deep 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.The index was established in 2020 by Acquirers Funds LLC and tracks the performance of a portfolio of 100 of the most undervalued, fundamentally strong stocks drawn from the smallest 75 percent of stocks listed in the U.S. by market capitalization meeting certain liquidity thresholds. Deep Value is traded on NYSEARCA Exchange in the United States.
Pair Trading with Roundhill Acquirers
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 Roundhill Acquirers 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 Roundhill Acquirers will appreciate offsetting losses from the drop in the long position's value.Moving together with Roundhill Etf
| 0.85 | VBR | Vanguard Small Cap | PairCorr |
| 0.91 | IWN | iShares Russell 2000 | PairCorr |
| 0.89 | DFAT | Dimensional Targeted | PairCorr |
| 0.9 | IJS | iShares SP Small | PairCorr |
| 0.9 | SLYV | SPDR SP 600 | PairCorr |
The ability to find closely correlated positions to Roundhill Acquirers could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Roundhill Acquirers 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 Roundhill Acquirers - 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 Roundhill Acquirers Deep to buy it.
The correlation of Roundhill Acquirers 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 Roundhill Acquirers moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Roundhill Acquirers Deep 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 Roundhill Acquirers 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 Roundhill Acquirers Piotroski F Score and Roundhill Acquirers Altman Z Score analysis. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
The market value of Roundhill Acquirers Deep is measured differently than its book value, which is the value of Roundhill that is recorded on the company's balance sheet. Investors also form their own opinion of Roundhill Acquirers' value that differs from its market value or its book value, called intrinsic value, which is Roundhill Acquirers' 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 Roundhill Acquirers' market value can be influenced by many factors that don't directly affect Roundhill Acquirers' 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 Roundhill Acquirers' value and its price as these two are different measures arrived at by different means. Investors typically determine if Roundhill Acquirers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Roundhill Acquirers' 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.