Sgi Enhanced Nasdaq 100 Etf One Year Return
| QXQ Etf | 27.48 0.22 0.81% |
SGI Enhanced Nasdaq 100 fundamentals help investors to digest information that contributes to SGI Enhanced's financial success or failures. It also enables traders to predict the movement of SGI Etf. The fundamental analysis module provides a way to measure SGI Enhanced'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 SGI Enhanced etf.
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SGI Enhanced Nasdaq 100 ETF One Year Return Analysis
SGI Enhanced's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
| Competition |
Based on the recorded statements, SGI Enhanced Nasdaq 100 has an One Year Return 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).
SGI One Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses SGI Enhanced's direct or indirect competition against its One Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of SGI Enhanced could also be used in its relative valuation, which is a method of valuing SGI Enhanced by comparing valuation metrics of similar companies.SGI Enhanced is currently under evaluation in one year return as compared to similar ETFs.
About SGI Enhanced Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze SGI Enhanced Nasdaq 100's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of SGI Enhanced using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of SGI Enhanced Nasdaq 100 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 SGI Enhanced
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 SGI Enhanced 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 SGI Enhanced will appreciate offsetting losses from the drop in the long position's value.Moving together with SGI Etf
| 0.94 | JEPI | JPMorgan Equity Premium | PairCorr |
| 0.96 | XYLD | Global X SP | PairCorr |
| 0.9 | DIVO | Amplify CWP Enhanced | PairCorr |
| 0.92 | RYLD | Global X Russell | PairCorr |
| 0.95 | JEPQ | JPMorgan Nasdaq Equity | PairCorr |
The ability to find closely correlated positions to SGI Enhanced could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SGI Enhanced 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 SGI Enhanced - 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 SGI Enhanced Nasdaq 100 to buy it.
The correlation of SGI Enhanced 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 SGI Enhanced moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SGI Enhanced Nasdaq 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 SGI Enhanced 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 SGI Enhanced Piotroski F Score and SGI Enhanced 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 SGI Enhanced Nasdaq is measured differently than its book value, which is the value of SGI that is recorded on the company's balance sheet. Investors also form their own opinion of SGI Enhanced's value that differs from its market value or its book value, called intrinsic value, which is SGI Enhanced'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 SGI Enhanced's market value can be influenced by many factors that don't directly affect SGI Enhanced'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 SGI Enhanced's value and its price as these two are different measures arrived at by different means. Investors typically determine if SGI Enhanced is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SGI Enhanced'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.