Dynamic Active Preferred Etf Fundamentals
| DXP Etf | CAD 22.40 0.07 0.31% |
Dynamic Active Preferred fundamentals help investors to digest information that contributes to Dynamic Active's financial success or failures. It also enables traders to predict the movement of Dynamic Etf. The fundamental analysis module provides a way to measure Dynamic Active'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 Dynamic Active etf.
Dynamic |
Dynamic Active Preferred ETF Beta Analysis
Dynamic Active'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 Dynamic Active Beta | 0.94 |
Most of Dynamic Active'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, Dynamic Active Preferred 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, Dynamic Active Preferred has a Beta of 0.94. This is much higher than that of the iShares family and significantly higher than that of the Preferred Share Fixed Income category. The beta for all Canada etfs is notably lower than that of the firm.
Dynamic Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Dynamic Active'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 Dynamic Active could also be used in its relative valuation, which is a method of valuing Dynamic Active by comparing valuation metrics of similar companies.Dynamic Active is currently under evaluation in beta as compared to similar ETFs.
Dynamic Active returns are very sensitive to returns on the market. As the market goes up or down, Dynamic Active is expected to follow.
Dynamic Fundamentals
| Beta | 0.94 | |||
| Total Asset | 447.02 M | |||
| One Year Return | 22.30 % | |||
| Three Year Return | 2.90 % | |||
| Five Year Return | 8.80 % | |||
| Net Asset | 447.02 M | |||
| Last Dividend Paid | 0.072 |
About Dynamic Active Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Dynamic Active Preferred's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Dynamic Active using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Dynamic Active Preferred 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.DXP seeks to provide dividend income while preserving capital by investing primarily in preferred shares of Canadian based businesses. DYN ISHARES is traded on Toronto Stock Exchange in Canada.
Pair Trading with Dynamic Active
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 Dynamic Active 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 Dynamic Active will appreciate offsetting losses from the drop in the long position's value.Moving together with Dynamic Etf
| 0.65 | ZPR | BMO Laddered Preferred | PairCorr |
| 0.68 | HPR | Global X Active | PairCorr |
| 0.89 | CPD | iShares SPTSX Canadian | PairCorr |
Moving against Dynamic Etf
The ability to find closely correlated positions to Dynamic Active could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dynamic Active 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 Dynamic Active - 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 Dynamic Active Preferred to buy it.
The correlation of Dynamic Active 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 Dynamic Active moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dynamic Active Preferred 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 Dynamic Active 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 Dynamic Etf
Dynamic Active financial ratios help investors to determine whether Dynamic 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 Dynamic with respect to the benefits of owning Dynamic Active security.