Guinness Atkinson Funds Etf Fundamentals
| SOLR Etf | USD 26.99 0.05 0.19% |
Guinness Atkinson Funds fundamentals help investors to digest information that contributes to Guinness Atkinson's financial success or failures. It also enables traders to predict the movement of Guinness Etf. The fundamental analysis module provides a way to measure Guinness Atkinson'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 Guinness Atkinson etf.
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Guinness Atkinson Funds ETF Beta Analysis
Guinness Atkinson'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 Guinness Atkinson Beta | 1.33 |
Most of Guinness Atkinson'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, Guinness Atkinson Funds 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, Guinness Atkinson Funds has a Beta of 1.33. This is much higher than that of the SmartETFs family and significantly higher than that of the Equity Energy category. The beta for all United States etfs is notably lower than that of the firm.
Guinness Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Guinness Atkinson'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 Guinness Atkinson could also be used in its relative valuation, which is a method of valuing Guinness Atkinson by comparing valuation metrics of similar companies.Guinness Atkinson is currently under evaluation in beta as compared to similar ETFs.
Fund Asset Allocation for Guinness Atkinson
The fund consists of 95.79% investments in stocks, with the rest of investments allocated between various types of exotic instruments.Asset allocation divides Guinness Atkinson's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Guinness Atkinson will likely underperform.
Guinness Fundamentals
| Earnings Per Share | 1.24 X | |||
| Beta | 1.33 | |||
| Total Asset | 4.69 M | |||
| One Year Return | 4.90 % | |||
| Three Year Return | (5.50) % | |||
| Net Asset | 4.69 M | |||
| Equity Positions Weight | 95.79 % |
About Guinness Atkinson Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Guinness Atkinson Funds's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Guinness Atkinson using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Guinness Atkinson Funds 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.The fund invests, under normal conditions, at least 80 percent of its net assets in publicly-traded equity securities of sustainable energy companies . Smartetfs Sustainable is traded on BATS Exchange in the United States.
Pair Trading with Guinness Atkinson
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 Guinness Atkinson 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 Guinness Atkinson will appreciate offsetting losses from the drop in the long position's value.Moving against Guinness Etf
| 0.61 | CONL | GraniteShares ETF Trust Upward Rally | PairCorr |
| 0.6 | BITX | Volatility Shares Trust Upward Rally | PairCorr |
| 0.6 | DPST | Direxion Daily Regional | PairCorr |
| 0.53 | DAPP | VanEck Digital Trans | PairCorr |
| 0.52 | CRPT | First Trust SkyBridge | PairCorr |
The ability to find closely correlated positions to Guinness Atkinson could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Guinness Atkinson 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 Guinness Atkinson - 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 Guinness Atkinson Funds to buy it.
The correlation of Guinness Atkinson 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 Guinness Atkinson moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Guinness Atkinson Funds 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 Guinness Atkinson 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 Guinness Atkinson Piotroski F Score and Guinness Atkinson Altman Z Score analysis. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
The market value of Guinness Atkinson Funds is measured differently than its book value, which is the value of Guinness that is recorded on the company's balance sheet. Investors also form their own opinion of Guinness Atkinson's value that differs from its market value or its book value, called intrinsic value, which is Guinness Atkinson'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 Guinness Atkinson's market value can be influenced by many factors that don't directly affect Guinness Atkinson'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 Guinness Atkinson's value and its price as these two are different measures arrived at by different means. Investors typically determine if Guinness Atkinson is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Guinness Atkinson'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.