Goldman Sachs Access Etf Fundamentals
| GTIP Etf | USD 49.04 0.24 0.49% |
Goldman Sachs Access fundamentals help investors to digest information that contributes to Goldman Sachs' financial success or failures. It also enables traders to predict the movement of Goldman Etf. The fundamental analysis module provides a way to measure Goldman Sachs' 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 Goldman Sachs etf.
Goldman |
Goldman Sachs Access ETF Beta Analysis
Goldman Sachs' 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 Goldman Sachs Beta | 0.79 |
Most of Goldman Sachs' 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, Goldman Sachs Access 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.
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In accordance with the recently published financial statements, Goldman Sachs Access has a Beta of 0.79. This is much higher than that of the Goldman Sachs family and significantly higher than that of the Inflation-Protected Bond category. The beta for all United States etfs is notably lower than that of the firm.
Goldman Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Goldman Sachs' 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 Goldman Sachs could also be used in its relative valuation, which is a method of valuing Goldman Sachs by comparing valuation metrics of similar companies.Goldman Sachs is currently under evaluation in beta as compared to similar ETFs.
As returns on the market increase, Goldman Sachs' returns are expected to increase less than the market. However, during the bear market, the loss of holding Goldman Sachs is expected to be smaller as well.
Goldman Fundamentals
| Number Of Employees | 351 | |||
| Beta | 0.79 | |||
| Total Asset | 147.63 M | |||
| One Year Return | 5.70 % | |||
| Three Year Return | (1.90) % | |||
| Five Year Return | 1.90 % | |||
| Net Asset | 147.63 M | |||
| Last Dividend Paid | 0.17 |
About Goldman Sachs Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Goldman Sachs Access's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Goldman Sachs using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Goldman Sachs Access 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.The fund seeks to achieve its investment objective by investing at least 80 percent of its assets in securities included in its underlying index. GS Access is traded on BATS Exchange in the United States.
Pair Trading with Goldman Sachs
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 Goldman Sachs 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 Goldman Sachs will appreciate offsetting losses from the drop in the long position's value.Moving together with Goldman Etf
| 1.0 | TIP | iShares TIPS Bond | PairCorr |
| 1.0 | SPIP | SPDR Portfolio TIPS | PairCorr |
| 0.87 | IVOL | Quadratic Interest Rate | PairCorr |
| 0.95 | JCPI | JPMorgan Inflation | PairCorr |
| 1.0 | TDTF | FlexShares iBoxx 5 | PairCorr |
Moving against Goldman Etf
| 0.72 | CPII | Ionic Inflation Prot | PairCorr |
| 0.56 | IYC | iShares Consumer Dis | PairCorr |
| 0.51 | SITC | Site Centers Corp | PairCorr |
| 0.45 | HHH | Howard Hughes | PairCorr |
The ability to find closely correlated positions to Goldman Sachs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Goldman Sachs 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 Goldman Sachs - 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 Goldman Sachs Access to buy it.
The correlation of Goldman Sachs 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 Goldman Sachs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Goldman Sachs Access 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 Goldman Sachs 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 Goldman Sachs Piotroski F Score and Goldman Sachs Altman Z Score analysis. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
The market value of Goldman Sachs Access is measured differently than its book value, which is the value of Goldman that is recorded on the company's balance sheet. Investors also form their own opinion of Goldman Sachs' value that differs from its market value or its book value, called intrinsic value, which is Goldman Sachs' 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 Goldman Sachs' market value can be influenced by many factors that don't directly affect Goldman Sachs' 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 Goldman Sachs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Goldman Sachs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Goldman Sachs' 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.