Nbi Active Canadian Etf Fundamentals
| NPRF Etf | CAD 23.22 0.10 0.43% |
NBI Active Canadian fundamentals help investors to digest information that contributes to NBI Active's financial success or failures. It also enables traders to predict the movement of NBI Etf. The fundamental analysis module provides a way to measure NBI Active'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 NBI Active etf.
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NBI Active Canadian ETF Beta Analysis
NBI Active'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 NBI Active Beta | 1.01 |
Most of NBI Active'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, NBI Active Canadian 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.
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In accordance with the recently published financial statements, NBI Active Canadian has a Beta of 1.01. This is much higher than that of the Oil, Gas & Consumable Fuels family and significantly higher than that of the Preferred Share Fixed Income category. The beta for all Canada etfs is notably lower than that of the firm.
NBI Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NBI Active'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 NBI Active could also be used in its relative valuation, which is a method of valuing NBI Active by comparing valuation metrics of similar companies.NBI Active is currently under evaluation in beta as compared to similar ETFs.
NBI Active returns are very sensitive to returns on the market. As the market goes up or down, NBI Active is expected to follow.
NBI Fundamentals
| Beta | 1.01 | |||
| Total Asset | 39.89 M | |||
| Annual Yield | 0.05 % | |||
| One Year Return | 24.60 % | |||
| Three Year Return | 2.30 % | |||
| Five Year Return | 8.30 % | |||
| Net Asset | 39.89 M | |||
| Last Dividend Paid | 0.07 |
About NBI Active Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze NBI Active Canadian's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NBI Active using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NBI Active Canadian 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.The Preferred Shares ETF investment objective is to generate tax-efficient dividend income while focusing on capital preservation. NBI ACTIVE is traded on Toronto Stock Exchange in Canada.
Pair Trading with NBI Active
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 NBI Active 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 NBI Active will appreciate offsetting losses from the drop in the long position's value.Moving together with NBI Etf
Moving against NBI Etf
The ability to find closely correlated positions to NBI Active could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NBI Active 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 NBI Active - 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 NBI Active Canadian to buy it.
The correlation of NBI Active 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 NBI Active moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NBI Active Canadian 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 NBI Active 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 NBI Etf
NBI Active financial ratios help investors to determine whether NBI 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 NBI with respect to the benefits of owning NBI Active security.