Peakshares Sector Rotation Etf Beta
| PSTR Etf | USD 28.76 0.17 0.59% |
PeakShares Sector Rotation fundamentals help investors to digest information that contributes to PeakShares Sector's financial success or failures. It also enables traders to predict the movement of PeakShares Etf. The fundamental analysis module provides a way to measure PeakShares Sector'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 PeakShares Sector etf.
PeakShares |
PeakShares Sector Rotation ETF Beta Analysis
PeakShares Sector'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.
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 |
In accordance with the recently published financial statements, PeakShares Sector Rotation has a Beta of 0.0. This indicator is about the same for the average (which is currently at 0.0) family and about the same as Derivative Income (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
PeakShares Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses PeakShares Sector'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 PeakShares Sector could also be used in its relative valuation, which is a method of valuing PeakShares Sector by comparing valuation metrics of similar companies.PeakShares Sector is currently under evaluation in beta as compared to similar ETFs.
PeakShares Fundamentals
| Return On Asset | 0.02 | |||
| Profit Margin | 0.05 % | |||
| Operating Margin | 0.01 % | |||
| Current Valuation | 102.73 M | |||
| Shares Outstanding | 3.92 M | |||
| Shares Owned By Insiders | 70.71 % | |||
| Shares Owned By Institutions | 1.60 % | |||
| Number Of Shares Shorted | 84.36 K | |||
| Price To Earning | 1.74 X | |||
| Price To Book | 0.89 X | |||
| Price To Sales | 0.02 X | |||
| Revenue | 83.5 M | |||
| Gross Profit | 42.62 M | |||
| Net Income | 3.85 M | |||
| Cash And Equivalents | 46 K | |||
| Cash Per Share | 0.40 X | |||
| Total Debt | 83 M | |||
| Debt To Equity | 9.74 % | |||
| Current Ratio | 1.46 X | |||
| Cash Flow From Operations | 19.63 M | |||
| Earnings Per Share | (13.34) X | |||
| Number Of Employees | 199 | |||
| Market Capitalization | 22.73 M | |||
| Total Asset | 195.68 M | |||
| Retained Earnings | (460.46 M) | |||
| Working Capital | 6.25 M | |||
| Current Asset | 22.86 M | |||
| Current Liabilities | 16.61 M |
About PeakShares Sector Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze PeakShares Sector Rotation's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of PeakShares Sector using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of PeakShares Sector Rotation 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 PeakShares Sector
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 PeakShares Sector 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 PeakShares Sector will appreciate offsetting losses from the drop in the long position's value.Moving together with PeakShares Etf
| 0.97 | JEPI | JPMorgan Equity Premium | PairCorr |
| 0.98 | XYLD | Global X SP | PairCorr |
| 0.95 | DIVO | Amplify CWP Enhanced | PairCorr |
| 0.95 | RYLD | Global X Russell | PairCorr |
| 0.96 | JEPQ | JPMorgan Nasdaq Equity | PairCorr |
The ability to find closely correlated positions to PeakShares Sector could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PeakShares Sector 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 PeakShares Sector - 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 PeakShares Sector Rotation to buy it.
The correlation of PeakShares Sector 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 PeakShares Sector moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PeakShares Sector 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 PeakShares Sector 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 PeakShares Sector Piotroski F Score and PeakShares Sector Altman Z Score analysis. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
The market value of PeakShares Sector is measured differently than its book value, which is the value of PeakShares that is recorded on the company's balance sheet. Investors also form their own opinion of PeakShares Sector's value that differs from its market value or its book value, called intrinsic value, which is PeakShares Sector'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 PeakShares Sector's market value can be influenced by many factors that don't directly affect PeakShares Sector'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 PeakShares Sector's value and its price as these two are different measures arrived at by different means. Investors typically determine if PeakShares Sector is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PeakShares Sector'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.