Guardian Canadian Bond Etf Equity Positions Weight
| GCBD Etf | 18.69 0.03 0.16% |
Guardian Canadian Bond fundamentals help investors to digest information that contributes to Guardian Canadian's financial success or failures. It also enables traders to predict the movement of Guardian Etf. The fundamental analysis module provides a way to measure Guardian Canadian'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 Guardian Canadian etf.
Guardian |
Guardian Canadian Bond ETF Equity Positions Weight Analysis
Guardian Canadian's Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
More About Equity Positions Weight | All Equity Analysis
Stock Percentage | = | % of Equities | in the fund |
Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
| Competition |
According to the company disclosure, Guardian Canadian Bond has an Equity Positions Weight of 0.0%. This indicator is about the same for the average (which is currently at 0.0) family and about the same as Canadian Fixed Income (which currently averages 0.0) category. This indicator is about the same for all Canada etfs average (which is currently at 0.0).
Guardian Equity Positions Weight Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Guardian Canadian's direct or indirect competition against its Equity Positions Weight to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Guardian Canadian could also be used in its relative valuation, which is a method of valuing Guardian Canadian by comparing valuation metrics of similar companies.Guardian Canadian is currently under evaluation in equity positions weight as compared to similar ETFs.
Guardian Fundamentals
| Beta | 1.09 | |||
| One Year Return | 9.10 % |
About Guardian Canadian Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Guardian Canadian Bond's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Guardian Canadian using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Guardian Canadian Bond 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 Guardian Canadian
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 Guardian Canadian 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 Guardian Canadian will appreciate offsetting losses from the drop in the long position's value.Moving together with Guardian Etf
| 0.96 | ZAG | BMO Aggregate Bond | PairCorr |
| 0.97 | XBB | iShares Canadian Universe | PairCorr |
| 0.95 | ZCPB | BMO Core Plus | PairCorr |
| 0.97 | ZDB | BMO Discount Bond | PairCorr |
| 0.95 | XGB | iShares Canadian Gov | PairCorr |
The ability to find closely correlated positions to Guardian Canadian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Guardian Canadian 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 Guardian Canadian - 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 Guardian Canadian Bond to buy it.
The correlation of Guardian Canadian 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 Guardian Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Guardian Canadian Bond 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 Guardian Canadian 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 Guardian Etf
Guardian Canadian financial ratios help investors to determine whether Guardian 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 Guardian with respect to the benefits of owning Guardian Canadian security.