Atac Rotation Etf Price To Sales
| RORO Etf | USD 18.46 0.08 0.43% |
ATAC Rotation ETF fundamentals help investors to digest information that contributes to ATAC Rotation's financial success or failures. It also enables traders to predict the movement of ATAC Etf. The fundamental analysis module provides a way to measure ATAC Rotation'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 ATAC Rotation etf.
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ATAC Rotation ETF ETF Price To Sales Analysis
ATAC Rotation's Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Current ATAC Rotation Price To Sales | 1.25 X |
Most of ATAC Rotation's fundamental indicators, such as Price To Sales, 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, ATAC Rotation ETF is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
| Competition |
Based on the latest financial disclosure, ATAC Rotation ETF has a Price To Sales of 1.25 times. This is much higher than that of the ATAC Fund family and significantly higher than that of the Tactical Allocation category. The price to sales for all United States etfs is notably lower than that of the firm.
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ATAC Fundamentals
| Price To Earning | 17.85 X | |||
| Price To Book | 1.75 X | |||
| Price To Sales | 1.25 X | |||
| Beta | 1.49 | |||
| Total Asset | 7.07 M | |||
| One Year Return | 15.90 % | |||
| Three Year Return | (5.40) % | |||
| Net Asset | 7.07 M |
About ATAC Rotation Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ATAC Rotation ETF's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ATAC Rotation using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ATAC Rotation 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.
Pair Trading with ATAC Rotation
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 ATAC Rotation 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 ATAC Rotation will appreciate offsetting losses from the drop in the long position's value.Moving against ATAC Etf
The ability to find closely correlated positions to ATAC Rotation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ATAC Rotation 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 ATAC Rotation - 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 ATAC Rotation ETF to buy it.
The correlation of ATAC Rotation 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 ATAC Rotation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ATAC Rotation ETF 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 ATAC Rotation 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 ATAC Rotation Piotroski F Score and ATAC Rotation Altman Z Score analysis. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
The market value of ATAC Rotation ETF is measured differently than its book value, which is the value of ATAC that is recorded on the company's balance sheet. Investors also form their own opinion of ATAC Rotation's value that differs from its market value or its book value, called intrinsic value, which is ATAC Rotation'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 ATAC Rotation's market value can be influenced by many factors that don't directly affect ATAC Rotation'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 ATAC Rotation's value and its price as these two are different measures arrived at by different means. Investors typically determine if ATAC Rotation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ATAC Rotation'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.