Tidal Etf Trust Etf Annual Yield
| JOJO Etf | USD 14.42 0.01 0.07% |
Tidal ETF Trust fundamentals help investors to digest information that contributes to Tidal ETF's financial success or failures. It also enables traders to predict the movement of Tidal Etf. The fundamental analysis module provides a way to measure Tidal ETF'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 Tidal ETF etf.
Tidal |
Tidal ETF Trust ETF Annual Yield Analysis
Tidal ETF's Yield generally refers to the amount of cash that is paid back to the owner of a security over a specific time (usually one year). It is expressed as a percentage of current market price, and usually amounts to all the interests and/or dividends paid over a given period. A higher yield allows the shareholders to generate returns on their investments sooner. However, investors should also be aware that a high yield may be a result of market turmoil or increased price volatility.
Small firms, start-ups, or companies with high growth potential typically do not pay out dividends or distribute a lot of their profits. These companies will have small yield. Alternatively, more established companies, ETFs, and funds that invest in bonds will have higher yields.
| Competition |
In accordance with the recently published financial statements, Tidal ETF Trust has an Annual Yield of 0.0%. This indicator is about the same for the ATAC Fund average (which is currently at 0.0) family and about the same as Long-Term Bond (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
Tidal Annual Yield Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Tidal ETF's direct or indirect competition against its Annual Yield to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Tidal ETF could also be used in its relative valuation, which is a method of valuing Tidal ETF by comparing valuation metrics of similar companies.Tidal ETF is currently under evaluation in annual yield as compared to similar ETFs.
Tidal Fundamentals
| Beta | 1.43 | |||
| Total Asset | 5.37 M | |||
| One Year Return | 5.50 % | |||
| Three Year Return | (6.50) % | |||
| Net Asset | 5.37 M | |||
| Last Dividend Paid | 0.069 |
About Tidal ETF Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Tidal ETF Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tidal ETF using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tidal ETF Trust 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 Tidal ETF
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 Tidal ETF 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 Tidal ETF will appreciate offsetting losses from the drop in the long position's value.Moving together with Tidal Etf
| 0.79 | BLV | Vanguard Long Term | PairCorr |
| 0.83 | BAB | Invesco Taxable Municipal | PairCorr |
| 0.8 | IGLB | iShares 10 Year | PairCorr |
| 0.71 | SPLB | SPDR Barclays Long | PairCorr |
| 0.74 | FFIU | Fieldstone UVA Uncon | PairCorr |
Moving against Tidal Etf
| 0.84 | NVDX | T Rex 2X Downward Rally | PairCorr |
| 0.84 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.81 | NVDL | GraniteShares 15x Long Downward Rally | PairCorr |
| 0.81 | NVDU | Direxion Daily NVDA Downward Rally | PairCorr |
| 0.68 | WGMI | Valkyrie Bitcoin Miners | PairCorr |
The ability to find closely correlated positions to Tidal ETF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tidal ETF 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 Tidal ETF - 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 Tidal ETF Trust to buy it.
The correlation of Tidal ETF 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 Tidal ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tidal ETF Trust 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 Tidal ETF 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 Tidal ETF Piotroski F Score and Tidal ETF Altman Z Score analysis. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
The market value of Tidal ETF Trust is measured differently than its book value, which is the value of Tidal that is recorded on the company's balance sheet. Investors also form their own opinion of Tidal ETF's value that differs from its market value or its book value, called intrinsic value, which is Tidal ETF's 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 Tidal ETF's market value can be influenced by many factors that don't directly affect Tidal ETF's 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 Tidal ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tidal ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tidal ETF's 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.