Etracs Bloomberg Commodity Etf Beta
| DJCB Etf | USD 20.38 0.71 3.37% |
ETRACS Bloomberg Commodity fundamentals help investors to digest information that contributes to ETRACS Bloomberg's financial success or failures. It also enables traders to predict the movement of ETRACS Etf. The fundamental analysis module provides a way to measure ETRACS Bloomberg'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 ETRACS Bloomberg etf.
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ETRACS Bloomberg Commodity ETF Beta Analysis
ETRACS Bloomberg'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 ETRACS Bloomberg Beta | 1.06 |
Most of ETRACS Bloomberg'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, ETRACS Bloomberg Commodity 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.
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In accordance with the recently published financial statements, ETRACS Bloomberg Commodity has a Beta of 1.06. This is much higher than that of the UBS AG family and significantly higher than that of the Commodities Broad Basket category. The beta for all United States etfs is notably lower than that of the firm.
ETRACS Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ETRACS Bloomberg's 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 ETRACS Bloomberg could also be used in its relative valuation, which is a method of valuing ETRACS Bloomberg by comparing valuation metrics of similar companies.ETRACS Bloomberg is currently under evaluation in beta as compared to similar ETFs.
ETRACS Bloomberg returns are very sensitive to returns on the market. As the market goes up or down, ETRACS Bloomberg is expected to follow.
ETRACS Fundamentals
| Beta | 1.06 | |||
| Total Asset | 116.44 M | |||
| One Year Return | 3.10 % | |||
| Three Year Return | 3.60 % | |||
| Five Year Return | 7.40 % | |||
| Net Asset | 116.44 M |
About ETRACS Bloomberg Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ETRACS Bloomberg Commodity's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ETRACS Bloomberg using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ETRACS Bloomberg Commodity 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.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether ETRACS Bloomberg Com offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ETRACS Bloomberg's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Etracs Bloomberg Commodity Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Etracs Bloomberg Commodity Etf:Check out ETRACS Bloomberg Piotroski F Score and ETRACS Bloomberg Altman Z Score analysis. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
The market value of ETRACS Bloomberg Com is measured differently than its book value, which is the value of ETRACS that is recorded on the company's balance sheet. Investors also form their own opinion of ETRACS Bloomberg's value that differs from its market value or its book value, called intrinsic value, which is ETRACS Bloomberg'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 ETRACS Bloomberg's market value can be influenced by many factors that don't directly affect ETRACS Bloomberg'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 ETRACS Bloomberg's value and its price as these two are different measures arrived at by different means. Investors typically determine if ETRACS Bloomberg is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETRACS Bloomberg'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.