The 2023 Etf Fundamentals
| QLTY Etf | 39.18 0.48 1.21% |
As of the 29th of January, 2023 ETF shows the risk adjusted performance of 0.1044, and Semi Deviation of 0.5961. In respect to fundamental indicators, the technical analysis model gives you tools to check existing technical drivers of 2023 ETF, as well as the relationship between them.
2023 ETF's financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing 2023 ETF's valuation are provided below:The 2023 ETF does not presently have any fundamental signals for analysis. This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. The market value of 2023 ETF is measured differently than its book value, which is the value of 2023 that is recorded on the company's balance sheet. Investors also form their own opinion of 2023 ETF's value that differs from its market value or its book value, called intrinsic value, which is 2023 ETF'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 2023 ETF's market value can be influenced by many factors that don't directly affect 2023 ETF's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
It's important to distinguish between 2023 ETF's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding 2023 ETF should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, 2023 ETF's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.
2023 ETF 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to 2023 ETF's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of 2023 ETF.
| 10/31/2025 |
| 01/29/2026 |
If you would invest 0.00 in 2023 ETF on October 31, 2025 and sell it all today you would earn a total of 0.00 from holding The 2023 ETF or generate 0.0% return on investment in 2023 ETF over 90 days. 2023 ETF is related to or competes with SPDR Kensho, ARK Next, IShares Core, Pacer Large, Fidelity MSCI, Invesco FTSE, and Fidelity Enhanced. Quality Distribution, Inc., through with its subsidiaries, transports bulk chemicals in North America. More
2023 ETF Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure 2023 ETF's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess The 2023 ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7546 | |||
| Information Ratio | 0.0435 | |||
| Maximum Drawdown | 3.43 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 1.44 |
2023 ETF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 2023 ETF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 2023 ETF's standard deviation. In reality, there are many statistical measures that can use 2023 ETF historical prices to predict the future 2023 ETF's volatility.| Risk Adjusted Performance | 0.1044 | |||
| Jensen Alpha | 0.0916 | |||
| Total Risk Alpha | 0.0307 | |||
| Sortino Ratio | 0.044 | |||
| Treynor Ratio | 0.9802 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 2023 ETF's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
2023 ETF January 29, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1044 | |||
| Market Risk Adjusted Performance | 0.9902 | |||
| Mean Deviation | 0.606 | |||
| Semi Deviation | 0.5961 | |||
| Downside Deviation | 0.7546 | |||
| Coefficient Of Variation | 707.13 | |||
| Standard Deviation | 0.7646 | |||
| Variance | 0.5845 | |||
| Information Ratio | 0.0435 | |||
| Jensen Alpha | 0.0916 | |||
| Total Risk Alpha | 0.0307 | |||
| Sortino Ratio | 0.044 | |||
| Treynor Ratio | 0.9802 | |||
| Maximum Drawdown | 3.43 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 1.44 | |||
| Downside Variance | 0.5695 | |||
| Semi Variance | 0.3553 | |||
| Expected Short fall | (0.64) | |||
| Skewness | (0.03) | |||
| Kurtosis | (0.24) |
2023 ETF Backtested Returns
At this stage we consider 2023 Etf to be very steady. 2023 ETF secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the etf had a 0.14 % return per unit of volatility over the last 3 months. We have found thirty technical indicators for The 2023 ETF, which you can use to evaluate the volatility of the entity. Please confirm 2023 ETF's risk adjusted performance of 0.1044, and Semi Deviation of 0.5961 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. The etf shows a Beta (market volatility) of 0.1, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 2023 ETF's returns are expected to increase less than the market. However, during the bear market, the loss of holding 2023 ETF is expected to be smaller as well.
Auto-correlation | 0.56 |
Modest predictability
The 2023 ETF has modest predictability. Overlapping area represents the amount of predictability between 2023 ETF time series from 31st of October 2025 to 15th of December 2025 and 15th of December 2025 to 29th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of 2023 ETF price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current 2023 ETF price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
Based on the latest financial disclosure, The 2023 ETF has a Price To Earning of 22.21 times. This is much higher than that of the Ground Transportation family and significantly higher than that of the Large Blend category. The price to earning for all United States etfs is notably lower than that of the firm.
2023 Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses 2023 ETF's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of 2023 ETF could also be used in its relative valuation, which is a method of valuing 2023 ETF by comparing valuation metrics of similar companies.2023 ETF is currently under evaluation in price to earning as compared to similar ETFs.
2023 Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining 2023 ETF's current stock value. Our valuation model uses many indicators to compare 2023 ETF value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across 2023 ETF competition to find correlations between indicators driving 2023 ETF's intrinsic value. More Info.The 2023 ETF is presently regarded as number one ETF in price to earning as compared to similar ETFs. It also is presently regarded as number one ETF in one year return as compared to similar ETFs reporting about 0.90 of One Year Return per Price To Earning. The ratio of Price To Earning to One Year Return for The 2023 ETF is roughly 1.10 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the 2023 ETF's earnings, one of the primary drivers of an investment's value.2023 Fundamentals
| Price To Earning | 22.21 X | |||
| Revenue | 991.76 M | |||
| Net Income | 20.64 M | |||
| Cash And Equivalents | 1.36 M | |||
| Cash Per Share | 0.23 X | |||
| Total Debt | 351.3 M | |||
| Debt To Equity | (14.50) % | |||
| Current Ratio | 2.35 X | |||
| Cash Flow From Operations | 34.17 M | |||
| Target Price | 15.83 | |||
| Total Asset | 427.78 M | |||
| Retained Earnings | (249.87 M) | |||
| Working Capital | 115.02 M | |||
| Current Asset | 191.97 M | |||
| Current Liabilities | 76.95 M | |||
| One Year Return | 20.10 % | |||
| Net Asset | 427.78 M |
About 2023 ETF Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze The 2023 ETF's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of 2023 ETF using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of The 2023 ETF 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.Quality Distribution, Inc., through with its subsidiaries, transports bulk chemicals in North America.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether 2023 ETF is a strong investment it is important to analyze 2023 ETF's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact 2023 ETF's future performance. For an informed investment choice regarding 2023 Etf, refer to the following important reports:Check out 2023 ETF Piotroski F Score and 2023 ETF Altman Z Score analysis. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
The market value of 2023 ETF is measured differently than its book value, which is the value of 2023 that is recorded on the company's balance sheet. Investors also form their own opinion of 2023 ETF's value that differs from its market value or its book value, called intrinsic value, which is 2023 ETF'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 2023 ETF's market value can be influenced by many factors that don't directly affect 2023 ETF's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
It's important to distinguish between 2023 ETF's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding 2023 ETF should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, 2023 ETF's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.