Essential 40 Stock Etf Five Year Return
| ESN Etf | 15.60 0.13 0.84% |
Essential 40 Stock fundamentals help investors to digest information that contributes to Essential's financial success or failures. It also enables traders to predict the movement of Essential Etf. The fundamental analysis module provides a way to measure Essential'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 Essential etf.
Essential |
Essential 40 Stock ETF Five Year Return Analysis
Essential's Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
More About Five Year Return | All Equity Analysis
Five Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Essential Five Year Return | 11.90 % |
Most of Essential's fundamental indicators, such as Five Year Return, 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, Essential 40 Stock is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
| Competition |
According to the company disclosure, Essential 40 Stock has a Five Year Return of 11.9%. This is much higher than that of the family and significantly higher than that of the Large Blend category. The five year return for all United States etfs is notably lower than that of the firm.
Essential Five Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Essential's direct or indirect competition against its Five Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Essential could also be used in its relative valuation, which is a method of valuing Essential by comparing valuation metrics of similar companies.Essential is currently under evaluation in five year return as compared to similar ETFs.
Essential Fundamentals
| One Year Return | 16.70 % | |||
| Three Year Return | 10.60 % | |||
| Five Year Return | 11.90 % | |||
| Ten Year Return | 7.90 % |
About Essential Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Essential 40 Stock's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Essential using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Essential 40 Stock 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 Essential
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 Essential 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 Essential will appreciate offsetting losses from the drop in the long position's value.Moving together with Essential Etf
Moving against Essential Etf
The ability to find closely correlated positions to Essential could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Essential 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 Essential - 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 Essential 40 Stock to buy it.
The correlation of Essential 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 Essential moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Essential 40 Stock 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 Essential 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 Essential Piotroski F Score and Essential Altman Z Score analysis. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
The market value of Essential 40 Stock is measured differently than its book value, which is the value of Essential that is recorded on the company's balance sheet. Investors also form their own opinion of Essential's value that differs from its market value or its book value, called intrinsic value, which is Essential'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 Essential's market value can be influenced by many factors that don't directly affect Essential'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 Essential's value and its price as these two are different measures arrived at by different means. Investors typically determine if Essential is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Essential'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.