Pko Etf Fundamentals

PKO fundamentals help investors to digest information that contributes to PKO's financial success or failures. It also enables traders to predict the movement of PKO Etf. The fundamental analysis module provides a way to measure PKO'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 PKO etf.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

PKO ETF Beta Analysis

PKO'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.

Beta

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Covariance

Variance

More About Beta | All Equity Analysis

Current PKO Beta

    
  0.28  
Most of PKO'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, PKO 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.
Competition

PKO Beta Component Assessment

In accordance with the recently published financial statements, PKO has a Beta of 0.28. This is 65.85% lower than that of the Financial Services family and 77.05% lower than that of the Asset Management category. The beta for all United States etfs is notably lower than that of the firm.

PKO Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses PKO'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 PKO could also be used in its relative valuation, which is a method of valuing PKO by comparing valuation metrics of similar companies.
PKO is currently under evaluation in beta as compared to similar ETFs.
As returns on the market increase, PKO's returns are expected to increase less than the market. However, during the bear market, the loss of holding PKO is expected to be smaller as well.

PKO Fundamentals

Pair Trading with PKO

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 PKO 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 PKO will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Principal Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Principal Financial 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 Principal Financial - 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 Principal Financial Group to buy it.
The correlation of Principal Financial 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 Principal Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Principal Financial 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 Principal Financial 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.
Pair CorrelationCorrelation Matching
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry.
You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

Other Tools for PKO Etf

When running PKO's price analysis, check to measure PKO's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy PKO is operating at the current time. Most of PKO's value examination focuses on studying past and present price action to predict the probability of PKO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PKO's price. Additionally, you may evaluate how the addition of PKO to your portfolios can decrease your overall portfolio volatility.
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