Smartetfs Smart Transportation Etf Three Year Return
| MOTO Etf | USD 42.63 0.27 0.63% |
SmartETFs Smart Transportation fundamentals help investors to digest information that contributes to SmartETFs Smart's financial success or failures. It also enables traders to predict the movement of SmartETFs Etf. The fundamental analysis module provides a way to measure SmartETFs Smart'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 SmartETFs Smart etf.
SmartETFs |
SmartETFs Smart Transportation ETF Three Year Return Analysis
SmartETFs Smart's Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
More About Three Year Return | All Equity Analysis
Three Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current SmartETFs Smart Three Year Return | (1.00) % |
Most of SmartETFs Smart's fundamental indicators, such as Three Year Return, 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, SmartETFs Smart Transportation is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
| Competition |
Based on the latest financial disclosure, SmartETFs Smart Transportation has a Three Year Return of -1.0%. This is much lower than that of the SmartETFs family and significantly lower than that of the Global Large-Stock Blend category. The three year return for all United States etfs is notably higher than that of the company.
SmartETFs Three Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses SmartETFs Smart's direct or indirect competition against its Three Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of SmartETFs Smart could also be used in its relative valuation, which is a method of valuing SmartETFs Smart by comparing valuation metrics of similar companies.SmartETFs Smart is currently under evaluation in three year return as compared to similar ETFs.
Fund Asset Allocation for SmartETFs Smart
The fund consists of 95.26% investments in stocks, with the rest of investments allocated between various types of exotic instruments.Asset allocation divides SmartETFs Smart'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.
SmartETFs Fundamentals
| Beta | 1.39 | |||
| Total Asset | 9.48 M | |||
| One Year Return | 12.00 % | |||
| Three Year Return | (1.00) % | |||
| Five Year Return | 13.40 % | |||
| Net Asset | 9.48 M | |||
| Equity Positions Weight | 95.26 % |
About SmartETFs Smart Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze SmartETFs Smart Transportation's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of SmartETFs Smart using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of SmartETFs Smart Transportation 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 SmartETFs Smart
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 SmartETFs Smart 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 SmartETFs Smart will appreciate offsetting losses from the drop in the long position's value.Moving together with SmartETFs Etf
| 0.83 | VT | Vanguard Total World Sell-off Trend | PairCorr |
| 0.83 | ACWI | iShares MSCI ACWI Sell-off Trend | PairCorr |
| 0.86 | IOO | iShares Global 100 | PairCorr |
| 0.77 | URTH | iShares MSCI World | PairCorr |
Moving against SmartETFs Etf
The ability to find closely correlated positions to SmartETFs Smart could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SmartETFs Smart 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 SmartETFs Smart - 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 SmartETFs Smart Transportation to buy it.
The correlation of SmartETFs Smart 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 SmartETFs Smart moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SmartETFs Smart Tran 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 SmartETFs Smart 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 SmartETFs Smart Piotroski F Score and SmartETFs Smart Altman Z Score analysis. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
The market value of SmartETFs Smart Tran is measured differently than its book value, which is the value of SmartETFs that is recorded on the company's balance sheet. Investors also form their own opinion of SmartETFs Smart's value that differs from its market value or its book value, called intrinsic value, which is SmartETFs Smart'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 SmartETFs Smart's market value can be influenced by many factors that don't directly affect SmartETFs Smart'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 SmartETFs Smart's value and its price as these two are different measures arrived at by different means. Investors typically determine if SmartETFs Smart is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SmartETFs Smart'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.