Tidal Etf Trust Etf Fundamentals
| SHRT Etf | 7.52 0.03 0.40% |
Tidal ETF Trust fundamentals help investors to digest information that contributes to Tidal ETF's financial success or failures. It also enables traders to predict the movement of Tidal Etf. The fundamental analysis module provides a way to measure Tidal ETF'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 Tidal ETF etf.
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Tidal ETF Trust ETF Beta Analysis
Tidal ETF'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.
Current Tidal ETF Beta | -0.56 |
Most of Tidal ETF'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, Tidal ETF Trust 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.
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In accordance with the recently published financial statements, Tidal ETF Trust has a Beta of -0.56. This is much lower than that of the family and significantly lower than that of the Trading--Inverse Equity category. The beta for all United States etfs is notably higher than that of the company.
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As returns on the market increase, returns on owning Tidal ETF are expected to decrease at a much lower rate. During the bear market, Tidal ETF is likely to outperform the market.
Tidal Fundamentals
| Beta | -0.56 | |||
| One Year Return | (7.60) % | |||
| Three Year Return | 8.30 % | |||
| Five Year Return | (1.50) % |
About Tidal ETF Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Tidal ETF Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tidal ETF using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tidal ETF Trust 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.Tidal ETF is entity of United States. It is traded as Etf on NYSE ARCA exchange.
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Check out Tidal ETF Piotroski F Score and Tidal ETF Altman Z Score analysis. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
The market value of Tidal ETF Trust is measured differently than its book value, which is the value of Tidal that is recorded on the company's balance sheet. Investors also form their own opinion of Tidal ETF's value that differs from its market value or its book value, called intrinsic value, which is Tidal 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 Tidal ETF's market value can be influenced by many factors that don't directly affect Tidal ETF'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 Tidal ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tidal ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tidal ETF'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.