Clearshares Piton Intermediate Etf Fundamentals
| PIFI Etf | USD 93.09 0.09 0.1% |
ClearShares Piton Intermediate fundamentals help investors to digest information that contributes to ClearShares Piton'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 Piton'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 Piton etf.
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ClearShares Piton Intermediate ETF Beta Analysis
ClearShares Piton'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 ClearShares Piton Beta | 0.57 |
Most of ClearShares Piton'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, ClearShares Piton Intermediate 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, ClearShares Piton Intermediate has a Beta of 0.57. This is much higher than that of the ClearShares family and significantly higher than that of the Intermediate Core Bond category. The beta for all United States etfs is notably lower than that of the firm.
ClearShares Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ClearShares Piton'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 ClearShares Piton could also be used in its relative valuation, which is a method of valuing ClearShares Piton by comparing valuation metrics of similar companies.ClearShares Piton is currently under evaluation in beta as compared to similar ETFs.
Fund Asset Allocation for ClearShares Piton
The fund invests most of its assets under management in various types of exotic instruments, with the rest of asset invested in bonds.Asset allocation divides ClearShares Piton's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
As returns on the market increase, ClearShares Piton's returns are expected to increase less than the market. However, during the bear market, the loss of holding ClearShares Piton is expected to be smaller as well.
ClearShares Fundamentals
| Beta | 0.57 | |||
| Total Asset | 127.84 M | |||
| One Year Return | 5.30 % | |||
| Three Year Return | (0.10) % | |||
| Net Asset | 127.84 M | |||
| Bond Positions Weight | 1.63 % |
About ClearShares Piton Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ClearShares Piton Intermediate's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ClearShares Piton using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ClearShares Piton Intermediate 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 fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing, under normal market conditions, at least 80 percent of its net assets in debt securities and other instruments that have economic characteristics similar to such securities. ClearShares Piton is traded on NYSEARCA Exchange in the United States.
Currently Active Assets on Macroaxis
| 300825 | Iat Automobile Technology | |
| 600666 | Aurora Optoelectronics Co | |
| 000678 | Xiangyang Automobile Bearing | |
| 603818 | Qumei Furniture Group | |
| 002156 | TongFu Microelectronics Co |
Check out ClearShares Piton Piotroski F Score and ClearShares Piton Altman Z Score analysis. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
The market value of ClearShares Piton 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 Piton's value that differs from its market value or its book value, called intrinsic value, which is ClearShares Piton'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 Piton's market value can be influenced by many factors that don't directly affect ClearShares Piton'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 Piton's value and its price as these two are different measures arrived at by different means. Investors typically determine if ClearShares Piton is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ClearShares Piton'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.