Clearshares Ultra Short Maturity Etf Current Ratio
| OPER Etf | USD 100.43 0.04 0.04% |
ClearShares Ultra Short Maturity fundamentals help investors to digest information that contributes to ClearShares Ultra's financial success or failures. It also enables traders to predict the movement of ClearShares Etf. The fundamental analysis module provides a way to measure ClearShares Ultra'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 ClearShares Ultra etf.
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ClearShares Ultra Short Maturity ETF Current Ratio Analysis
ClearShares Ultra's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
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In accordance with the recently published financial statements, ClearShares Ultra Short Maturity has a Current Ratio of 0.0 times. This indicator is about the same for the ClearShares average (which is currently at 0.0) family and about the same as Ultrashort 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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ClearShares Fundamentals
| Number Of Employees | 645 | |||
| Total Asset | 260.42 M | |||
| One Year Return | 5.30 % | |||
| Three Year Return | 3.80 % | |||
| Five Year Return | 2.50 % | |||
| Net Asset | 260.42 M | |||
| Last Dividend Paid | 0.04 |
About ClearShares Ultra Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ClearShares Ultra Short Maturity's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ClearShares Ultra using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ClearShares Ultra Short Maturity 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 ClearShares Ultra
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 ClearShares Ultra 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 ClearShares Ultra will appreciate offsetting losses from the drop in the long position's value.Moving together with ClearShares Etf
| 1.0 | BIL | SPDR Bloomberg 1 | PairCorr |
| 1.0 | SHV | iShares Short Treasury | PairCorr |
| 0.96 | JPST | JPMorgan Ultra Short | PairCorr |
| 1.0 | USFR | WisdomTree Floating Rate | PairCorr |
| 0.99 | ICSH | iShares Ultra Short | PairCorr |
Moving against ClearShares Etf
| 0.92 | FNGD | MicroSectors FANG Index | PairCorr |
| 0.71 | HUM | Humana Inc Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.41 | LUX | Tema ETF Trust | PairCorr |
The ability to find closely correlated positions to ClearShares Ultra could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ClearShares Ultra 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 ClearShares Ultra - 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 ClearShares Ultra Short Maturity to buy it.
The correlation of ClearShares Ultra 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 ClearShares Ultra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ClearShares Ultra Short 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 ClearShares Ultra 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 ClearShares Ultra Piotroski F Score and ClearShares Ultra Altman Z Score analysis. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
The market value of ClearShares Ultra Short is measured differently than its book value, which is the value of ClearShares that is recorded on the company's balance sheet. Investors also form their own opinion of ClearShares Ultra's value that differs from its market value or its book value, called intrinsic value, which is ClearShares Ultra'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 ClearShares Ultra's market value can be influenced by many factors that don't directly affect ClearShares Ultra'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 ClearShares Ultra's value and its price as these two are different measures arrived at by different means. Investors typically determine if ClearShares Ultra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ClearShares Ultra'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.