Mairs Power Minnesota Etf Fundamentals
| MINN Etf | USD 22.23 0.01 0.04% |
Mairs Power Minnesota fundamentals help investors to digest information that contributes to Mairs Power's financial success or failures. It also enables traders to predict the movement of Mairs Etf. The fundamental analysis module provides a way to measure Mairs Power'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 Mairs Power etf.
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Mairs Power Minnesota ETF Beta Analysis
Mairs Power's 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 Mairs Power Beta | 1.25 |
Most of Mairs Power's 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, Mairs Power Minnesota 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.
| Competition |
In accordance with the recently published financial statements, Mairs Power Minnesota has a Beta of 1.25. This is much higher than that of the Mairs & Power family and significantly higher than that of the Muni Minnesota category. The beta for all United States etfs is notably lower than that of the firm.
Mairs Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Mairs Power's 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 Mairs Power could also be used in its relative valuation, which is a method of valuing Mairs Power by comparing valuation metrics of similar companies.Mairs Power is currently under evaluation in beta as compared to similar ETFs.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Mairs Power will likely underperform.
Mairs Fundamentals
| Beta | 1.25 | |||
| Total Asset | 16.43 M | |||
| One Year Return | 5.70 % | |||
| Three Year Return | (2.00) % | |||
| Net Asset | 16.43 M |
About Mairs Power Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Mairs Power Minnesota's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Mairs Power using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Mairs Power Minnesota 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.Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80 percent of its net assets in municipal debt securities that pay interest that is exempt from regular federal income tax and Minnesota state income tax . Trust For is traded on BATS Exchange in the United States.
Pair Trading with Mairs Power
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 Mairs Power 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 Mairs Power will appreciate offsetting losses from the drop in the long position's value.Moving together with Mairs Etf
Moving against Mairs Etf
| 0.54 | XLF | Financial Select Sector Aggressive Push | PairCorr |
| 0.52 | USFR | WisdomTree Floating Rate | PairCorr |
| 0.5 | MSTY | YieldMax MSTR Option | PairCorr |
| 0.49 | PUTW | WisdomTree CBOE SP | PairCorr |
| 0.46 | VUG | Vanguard Growth Index | PairCorr |
The ability to find closely correlated positions to Mairs Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mairs Power 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 Mairs Power - 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 Mairs Power Minnesota to buy it.
The correlation of Mairs Power 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 Mairs Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mairs Power Minnesota 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 Mairs Power 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 Mairs Power Piotroski F Score and Mairs Power Altman Z Score analysis. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
The market value of Mairs Power Minnesota is measured differently than its book value, which is the value of Mairs that is recorded on the company's balance sheet. Investors also form their own opinion of Mairs Power's value that differs from its market value or its book value, called intrinsic value, which is Mairs Power'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 Mairs Power's market value can be influenced by many factors that don't directly affect Mairs Power'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 Mairs Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mairs Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mairs Power'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.