Principal Capital Appreciation Etf Net Income
| LCAP Etf | USD 30.02 0.01 0.03% |
Principal Capital's fundamental analysis aims to assess its intrinsic value by examining key economic and financial indicators - such as cash flow records, changes in balance sheet accounts, income statement trends, financial ratios, and relevant microeconomic factors affecting Principal Etf price.
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Principal Capital Appreciation ETF Net Income Analysis
Principal Capital's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current Principal Capital Net Income | 3.21 M |
Most of Principal Capital's fundamental indicators, such as Net Income, 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, Principal Capital Appreciation is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Based on the recorded statements, Principal Capital Appreciation reported net income of 3.21 M. This is much higher than that of the Financial Services family and significantly higher than that of the Shell Companies category. The net income for all United States etfs is notably lower than that of the firm.
Principal Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Principal Capital's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Principal Capital could also be used in its relative valuation, which is a method of valuing Principal Capital by comparing valuation metrics of similar companies.Principal Capital is currently under evaluation in net income as compared to similar ETFs.
Principal Fundamentals
| Return On Asset | -1.03 | |||
| Current Valuation | 186.39 M | |||
| Shares Outstanding | 23.65 M | |||
| Shares Owned By Insiders | 3.58 % | |||
| Shares Owned By Institutions | 96.42 % | |||
| Number Of Shares Shorted | 229.03 K | |||
| Price To Book | 58.67 X | |||
| Gross Profit | (1.47 M) | |||
| Net Income | 3.21 M | |||
| Cash And Equivalents | 177.39 K | |||
| Cash Per Share | 0.01 X | |||
| Current Ratio | 0.05 X | |||
| Book Value Per Share | (0.70) X | |||
| Cash Flow From Operations | (847.67 K) | |||
| Short Ratio | 4.88 X | |||
| Earnings Per Share | (0.02) X | |||
| Market Capitalization | 279.89 M |
About Principal Capital Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Principal Capital Appreciation's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Principal Capital using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Principal Capital Appreciation 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 Principal Capital
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 Principal Capital 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 Principal Capital will appreciate offsetting losses from the drop in the long position's value.Moving together with Principal Etf
| 0.95 | VTI | Vanguard Total Stock Sell-off Trend | PairCorr |
| 0.67 | FB | ProShares Trust ProShares | PairCorr |
| 0.69 | VBK | Vanguard Small Cap | PairCorr |
Moving against Principal Etf
The ability to find closely correlated positions to Principal Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Principal Capital 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 Principal Capital - 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 Principal Capital Appreciation to buy it.
The correlation of Principal Capital 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 Principal Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Principal Capital 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 Principal Capital 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 Principal Capital Piotroski F Score and Principal Capital Altman Z Score analysis. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
The market value of Principal Capital is measured differently than its book value, which is the value of Principal that is recorded on the company's balance sheet. Investors also form their own opinion of Principal Capital's value that differs from its market value or its book value, called intrinsic value, which is Principal Capital'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 Principal Capital's market value can be influenced by many factors that don't directly affect Principal Capital'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 Principal Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Principal Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Principal Capital'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.