Financial 15 Split Etf Fundamentals
| FTN Etf | CAD 10.23 0.21 2.10% |
Financial 15 Split fundamentals help investors to digest information that contributes to Financial's financial success or failures. It also enables traders to predict the movement of Financial Etf. The fundamental analysis module provides a way to measure Financial'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 Financial etf.
Financial |
Financial 15 Split ETF Price To Sales Analysis
Financial's Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Current Financial Price To Sales | 156.26 X |
Most of Financial's fundamental indicators, such as Price To Sales, 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, Financial 15 Split is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
| Competition |
Based on the latest financial disclosure, Financial 15 Split has a Price To Sales of 156 times. This is much higher than that of the Capital Markets family and significantly higher than that of the Financials category. The price to sales for all Canada etfs is notably lower than that of the firm.
Financial 15 Split Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Financial's current stock value. Our valuation model uses many indicators to compare Financial value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Financial competition to find correlations between indicators driving Financial's intrinsic value. More Info.Financial 15 Split is rated # 3 ETF in price to earning as compared to similar ETFs. It is one of the top ETFs in price to book as compared to similar ETFs fabricating about 0.49 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Financial 15 Split is roughly 2.02 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Financial by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Financial's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Financial Price To Sales Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Financial's direct or indirect competition against its Price To Sales to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Financial could also be used in its relative valuation, which is a method of valuing Financial by comparing valuation metrics of similar companies.Financial is currently under evaluation in price to sales as compared to similar ETFs.
Financial Fundamentals
| Return On Equity | -0.18 | |||
| Return On Asset | -0.02 | |||
| Operating Margin | 1.08 % | |||
| Current Valuation | 32.4 M | |||
| Shares Outstanding | 40.17 M | |||
| Number Of Shares Shorted | 169.88 K | |||
| Price To Earning | 2.02 X | |||
| Price To Book | 1.00 X | |||
| Price To Sales | 156.26 X | |||
| Revenue | (2.58 M) | |||
| Gross Profit | 1.81 M | |||
| EBITDA | (5.95 M) | |||
| Net Income | (27.11 M) | |||
| Cash And Equivalents | 548.78 M | |||
| Cash Per Share | 19.54 X | |||
| Total Debt | 346.49 M | |||
| Debt To Equity | 1.07 % | |||
| Current Ratio | 1.91 X | |||
| Book Value Per Share | 6.73 X | |||
| Cash Flow From Operations | (59.68 M) | |||
| Short Ratio | 0.93 X | |||
| Earnings Per Share | (0.95) X | |||
| Beta | 1.44 | |||
| Market Capitalization | 309.34 M | |||
| Total Asset | 670.92 M | |||
| Annual Yield | 0.20 % | |||
| Five Year Return | 17.58 % | |||
| Net Asset | 670.92 M | |||
| Last Dividend Paid | 1.51 |
About Financial Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Financial 15 Split's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Financial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Financial 15 Split 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.Financial 15 Split Corp. is an close ended equity mutual fund launched by Quadravest Inc. Financial 15 Split Corp. was formed on Nov 14, 2003 and is domiciled in the Canada. FINANCIAL operates under Asset Management classification in Canada and is traded on Toronto Stock Exchange.
Pair Trading with Financial
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 Financial 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 Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with Financial Etf
Moving against Financial Etf
The ability to find closely correlated positions to Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Financial 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 Financial - 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 Financial 15 Split to buy it.
The correlation of Financial 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 Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Financial 15 Split 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 Financial 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 Financial Etf
Financial financial ratios help investors to determine whether Financial 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 Financial with respect to the benefits of owning Financial security.