Frn Etf Price To Earning
FRN fundamentals help investors to digest information that contributes to FRN's financial success or failures. It also enables traders to predict the movement of FRN Etf. The fundamental analysis module provides a way to measure FRN'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 FRN etf.
FRN |
FRN ETF Price To Earning Analysis
FRN'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.
Current FRN Price To Earning | 11.18 X |
Most of FRN's fundamental indicators, such as Price To Earning, 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, FRN is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
CompetitionBased on the latest financial disclosure, FRN has a Price To Earning of 11.18 times. This is much higher than that of the Invesco family and significantly higher than that of the Diversified Emerging Mkts category. The price to earning for all United States etfs is notably lower than that of the firm.
FRN Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses FRN's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of FRN could also be used in its relative valuation, which is a method of valuing FRN by comparing valuation metrics of similar companies.FRN is rated # 3 ETF in price to earning as compared to similar ETFs.
Fund Asset Allocation for FRN
The fund consists of 94.93% investments in stocks, with the rest of investments allocated between various types of exotic instruments.Asset allocation divides FRN's 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.
FRN Fundamentals
| Price To Earning | 11.18 X | |||
| Price To Book | 1.56 X | |||
| Price To Sales | 1.96 X | |||
| Number Of Employees | 118 | |||
| Total Asset | 59 M | |||
| One Year Return | 12.06 % | |||
| Three Year Return | 6.81 % | |||
| Five Year Return | 3.62 % | |||
| Ten Year Return | 0.34 % | |||
| Net Asset | 59 M | |||
| Last Dividend Paid | 0.46 | |||
| Equity Positions Weight | 94.93 % |
Pair Trading with FRN
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 FRN 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 FRN will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Humana could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Humana 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 Humana - 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 Humana Inc to buy it.
The correlation of Humana 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 Humana moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Humana Inc 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 Humana 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 Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Other Tools for FRN Etf
When running FRN's price analysis, check to measure FRN's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy FRN is operating at the current time. Most of FRN's value examination focuses on studying past and present price action to predict the probability of FRN's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FRN's price. Additionally, you may evaluate how the addition of FRN to your portfolios can decrease your overall portfolio volatility.
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas |