Etfis Series Trust Etf Beta
| PFFR Etf | USD 19.08 0.09 0.47% |
ETFis Series Trust fundamentals help investors to digest information that contributes to ETFis Series' financial success or failures. It also enables traders to predict the movement of ETFis Etf. The fundamental analysis module provides a way to measure ETFis Series' 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 ETFis Series etf.
ETFis |
ETFis Series Trust ETF Beta Analysis
ETFis Series' 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 ETFis Series Beta | 1.59 |
Most of ETFis Series' 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, ETFis Series Trust 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, ETFis Series Trust has a Beta of 1.59. This is much higher than that of the Virtus family and significantly higher than that of the Preferred Stock category. The beta for all United States etfs is notably lower than that of the firm.
ETFis Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ETFis Series' 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 ETFis Series could also be used in its relative valuation, which is a method of valuing ETFis Series by comparing valuation metrics of similar companies.ETFis Series is currently under evaluation in beta as compared to similar ETFs.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ETFis Series will likely underperform.
ETFis Fundamentals
| Number Of Employees | 509 | |||
| Beta | 1.59 | |||
| Total Asset | 57.02 M | |||
| One Year Return | 18.60 % | |||
| Three Year Return | 0.10 % | |||
| Five Year Return | 1.60 % | |||
| Net Asset | 57.02 M | |||
| Last Dividend Paid | 0.12 |
About ETFis Series Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ETFis Series Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ETFis Series using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ETFis Series Trust 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 ETFis Series
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 ETFis Series 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 ETFis Series will appreciate offsetting losses from the drop in the long position's value.Moving together with ETFis Etf
| 0.95 | PFF | iShares Preferred | PairCorr |
| 0.94 | FPE | First Trust Preferred Sell-off Trend | PairCorr |
| 0.88 | PGX | Invesco Preferred ETF | PairCorr |
| 0.93 | PFFD | Global X Preferred | PairCorr |
| 0.74 | VRP | Invesco Variable Rate | PairCorr |
Moving against ETFis Etf
| 0.79 | HUM | Humana Inc Fiscal Year End 23rd of January 2025 | PairCorr |
The ability to find closely correlated positions to ETFis Series could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ETFis Series 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 ETFis Series - 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 ETFis Series Trust to buy it.
The correlation of ETFis Series 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 ETFis Series moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ETFis Series Trust 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 ETFis Series 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 ETFis Series Piotroski F Score and ETFis Series Altman Z Score analysis. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
The market value of ETFis Series Trust is measured differently than its book value, which is the value of ETFis that is recorded on the company's balance sheet. Investors also form their own opinion of ETFis Series' value that differs from its market value or its book value, called intrinsic value, which is ETFis Series' 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 ETFis Series' market value can be influenced by many factors that don't directly affect ETFis Series' 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 ETFis Series' value and its price as these two are different measures arrived at by different means. Investors typically determine if ETFis Series is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETFis Series' 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.