Clearshares Ultra Short Maturity Etf Current Valuation
| OPER Etf | USD 100.10 0.35 0.35% |
Valuation analysis of ClearShares Ultra Short helps investors to measure ClearShares Ultra's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns.
Fairly Valued
Today
Please note that ClearShares Ultra's price fluctuation is very steady at this time. Calculation of the real value of ClearShares Ultra Short is based on 3 months time horizon. Increasing ClearShares Ultra's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
The fair value of the ClearShares etf is determined by what a typical buyer is willing to pay for full or partial control of ClearShares Ultra Short Maturity. Since ClearShares Ultra is currently traded on the exchange, buyers and sellers on that exchange determine the market value of ClearShares Etf. However, ClearShares Ultra's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 100.1 | Real 100.05 | Hype 100.1 |
The intrinsic value of ClearShares Ultra's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence ClearShares Ultra's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of ClearShares Ultra Short Maturity helps investors to forecast how ClearShares etf's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of ClearShares Ultra more accurately as focusing exclusively on ClearShares Ultra's fundamentals will not take into account other important factors: ClearShares Ultra Short Maturity ETF Current Valuation Analysis
ClearShares Ultra's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, ClearShares Ultra Short Maturity has a Current Valuation of 0.0. 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).
ClearShares Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ClearShares Ultra's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of ClearShares Ultra could also be used in its relative valuation, which is a method of valuing ClearShares Ultra by comparing valuation metrics of similar companies.ClearShares Ultra is currently under evaluation in current valuation as compared to similar ETFs.
ClearShares Fundamentals
| Number Of Employees | 645 | |||
| Total Asset | 260.42 M | |||
| One Year Return | 5.30 % | |||
| Three Year Return | 3.90 % | |||
| 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
| 0.99 | BIL | SPDR Bloomberg 1 | PairCorr |
| 0.99 | SHV | iShares Short Treasury | PairCorr |
| 0.95 | JPST | JPMorgan Ultra Short | PairCorr |
| 0.99 | USFR | WisdomTree Floating Rate | PairCorr |
| 0.98 | ICSH | iShares Ultra Short | PairCorr |
Moving against ClearShares Etf
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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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.