Ninepoint Diversified Bond Etf Three Year Return
| NBND Etf | 18.55 0.16 0.87% |
Ninepoint Diversified Bond fundamentals help investors to digest information that contributes to Ninepoint Diversified's financial success or failures. It also enables traders to predict the movement of Ninepoint Etf. The fundamental analysis module provides a way to measure Ninepoint Diversified'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 Ninepoint Diversified etf.
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Ninepoint Diversified Bond ETF Three Year Return Analysis
Ninepoint Diversified'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% |
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.
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Based on the latest financial disclosure, Ninepoint Diversified Bond has a Three Year Return of 0.0%. This indicator is about the same for the Oil, Gas & Consumable Fuels average (which is currently at 0.0) family and about the same as Energy (which currently averages 0.0) category. This indicator is about the same for all Canada etfs average (which is currently at 0.0).
Ninepoint Three Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ninepoint Diversified'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 Ninepoint Diversified could also be used in its relative valuation, which is a method of valuing Ninepoint Diversified by comparing valuation metrics of similar companies.Ninepoint Diversified is currently under evaluation in three year return as compared to similar ETFs.
About Ninepoint Diversified Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ninepoint Diversified Bond's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ninepoint Diversified using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ninepoint Diversified Bond 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 Ninepoint Diversified
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 Ninepoint Diversified 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 Ninepoint Diversified will appreciate offsetting losses from the drop in the long position's value.Moving together with Ninepoint Etf
Moving against Ninepoint Etf
The ability to find closely correlated positions to Ninepoint Diversified could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ninepoint Diversified 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 Ninepoint Diversified - 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 Ninepoint Diversified Bond to buy it.
The correlation of Ninepoint Diversified 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 Ninepoint Diversified moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ninepoint Diversified 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 Ninepoint Diversified 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 Ninepoint Etf
Ninepoint Diversified financial ratios help investors to determine whether Ninepoint 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 Ninepoint with respect to the benefits of owning Ninepoint Diversified security.