Betapro Sp 500 Etf Holdings Turnover
| HSU Etf | CAD 27.00 0.30 1.12% |
BetaPro SP 500 fundamentals help investors to digest information that contributes to BetaPro SP's financial success or failures. It also enables traders to predict the movement of BetaPro Etf. The fundamental analysis module provides a way to measure BetaPro SP'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 BetaPro SP etf.
BetaPro |
BetaPro SP 500 ETF Holdings Turnover Analysis
BetaPro SP's Holding Turnover is calculated by adding up all the transactions for the year, dividing it by 2 and then dividing it again by the total fund holdings. Holding Turnover is the rate at which funds or ETFs replace their investment holdings on an annual basis. In other words it measures how quickly a fund turns over its holdings during the fiscal year.
Current BetaPro SP Holdings Turnover | 76.15 % |
Most of BetaPro SP's fundamental indicators, such as Holdings Turnover, 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, BetaPro SP 500 is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Investor can think of Holding Turnover as a percentage of a fund's assets that have turned over in the past year. Typically, a high annual turnover ratio implies that fund managers made a lot of buying and selling. The higher the annual turnover, the higher the expense ratio for the fund.
| Competition |
According to the company disclosure, BetaPro SP 500 has a Holdings Turnover of 76%. This is much higher than that of the Horizons ETFs Management (Canada) Inc family and significantly higher than that of the Passive Inverse/Leveraged category. The holdings turnover for all Canada etfs is notably lower than that of the firm.
BetaPro Holdings Turnover Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses BetaPro SP's direct or indirect competition against its Holdings Turnover to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of BetaPro SP could also be used in its relative valuation, which is a method of valuing BetaPro SP by comparing valuation metrics of similar companies.BetaPro SP is currently under evaluation in holdings turnover as compared to similar ETFs.
Fund Asset Allocation for BetaPro SP
The fund invests 100.0% of asset under management in tradable equity instruments, with the rest of investments concentrated in .Asset allocation divides BetaPro SP'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.
BetaPro Fundamentals
| Price To Earning | 19.07 X | |||
| Price To Book | 2.68 X | |||
| Price To Sales | 1.86 X | |||
| Total Asset | 86.36 M | |||
| One Year Return | 59.00 % | |||
| Three Year Return | 8.20 % | |||
| Five Year Return | 19.60 % | |||
| Ten Year Return | 17.50 % | |||
| Net Asset | 86.36 M | |||
| Holdings Turnover | 76.15 % | |||
| Equity Positions Weight | 100.00 % |
About BetaPro SP Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze BetaPro SP 500's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of BetaPro SP using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of BetaPro SP 500 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 BetaPro SP
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 BetaPro SP 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 BetaPro SP will appreciate offsetting losses from the drop in the long position's value.Moving together with BetaPro Etf
Moving against BetaPro Etf
| 1.0 | HSD | BetaPro SP 500 | PairCorr |
| 0.98 | HQD | BetaPro NASDAQ 100 | PairCorr |
| 0.95 | HXD | BetaPro SPTSX 60 | PairCorr |
| 0.64 | TCLB | TD Canadian Long | PairCorr |
| 0.51 | HOD | BetaPro Crude Oil | PairCorr |
The ability to find closely correlated positions to BetaPro SP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BetaPro SP 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 BetaPro SP - 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 BetaPro SP 500 to buy it.
The correlation of BetaPro SP 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 BetaPro SP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BetaPro SP 500 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 BetaPro SP 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 BetaPro Etf
BetaPro SP financial ratios help investors to determine whether BetaPro 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 BetaPro with respect to the benefits of owning BetaPro SP security.