Spinnaker Etf Series Etf EBITDA
| OOSP Etf | 10.18 0.01 0.1% |
Spinnaker ETF Series fundamentals help investors to digest information that contributes to Spinnaker ETF's financial success or failures. It also enables traders to predict the movement of Spinnaker Etf. The fundamental analysis module provides a way to measure Spinnaker ETF'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 Spinnaker ETF etf.
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Spinnaker ETF Series ETF EBITDA Analysis
Spinnaker ETF's EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
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According to the company disclosure, Spinnaker ETF Series reported earnings before interest,tax, depreciation and amortization of 0.0. This indicator is about the same for the average (which is currently at 0.0) family and about the same as Multisector Bond (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
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About Spinnaker ETF Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Spinnaker ETF Series's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Spinnaker ETF using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Spinnaker ETF Series 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 Spinnaker ETF
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 Spinnaker ETF 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 Spinnaker ETF will appreciate offsetting losses from the drop in the long position's value.Moving against Spinnaker Etf
| 0.92 | FNGD | MicroSectors FANG Index | PairCorr |
| 0.72 | DEED | First Trust TCW | PairCorr |
| 0.7 | HUM | Humana Inc Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.51 | MUSI | American Century Mul | PairCorr |
The ability to find closely correlated positions to Spinnaker ETF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spinnaker ETF 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 Spinnaker ETF - 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 Spinnaker ETF Series to buy it.
The correlation of Spinnaker ETF 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 Spinnaker ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spinnaker ETF Series 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 Spinnaker ETF 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 Spinnaker ETF Piotroski F Score and Spinnaker ETF Altman Z Score analysis. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of Spinnaker ETF Series is measured differently than its book value, which is the value of Spinnaker that is recorded on the company's balance sheet. Investors also form their own opinion of Spinnaker ETF's value that differs from its market value or its book value, called intrinsic value, which is Spinnaker ETF'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 Spinnaker ETF's market value can be influenced by many factors that don't directly affect Spinnaker ETF'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 Spinnaker ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Spinnaker ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spinnaker ETF'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.