Horizon Kinetics Spac Etf Debt To Equity
| SPAQ Etf | USD 100.64 0.07 0.07% |
Horizon Kinetics SPAC fundamentals help investors to digest information that contributes to Horizon Kinetics' financial success or failures. It also enables traders to predict the movement of Horizon Etf. The fundamental analysis module provides a way to measure Horizon Kinetics' 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 Horizon Kinetics etf.
Horizon |
Horizon Kinetics SPAC ETF Debt To Equity Analysis
Horizon Kinetics' Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
High Debt to Equity ratio typically indicates that a firm has been borrowing aggressively to finance its growth and as a result may experience a burden of additional interest expense. This may reduce earnings or future growth. On the other hand a small D/E ratio may indicate that a company is not taking enough advantage from financial leverage. Debt to Equity ratio measures how the company is leveraging borrowing against the capital invested by the owners.
| Competition |
According to the company disclosure, Horizon Kinetics SPAC has a Debt To Equity of 0.0%. This indicator is about the same for the Financial Services average (which is currently at 0.0) family and about the same as Health (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
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Horizon Fundamentals
| Return On Equity | 176.18 | |||
| Return On Asset | -0.14 | |||
| Current Valuation | 682.6 M | |||
| Shares Outstanding | 55.2 M | |||
| Shares Owned By Institutions | 88.82 % | |||
| Number Of Shares Shorted | 272.44 K | |||
| Price To Earning | 70.00 X | |||
| Price To Book | 138.89 X | |||
| Net Income | 6.62 M | |||
| Cash And Equivalents | 497.04 K | |||
| Cash Per Share | 0.01 X | |||
| Current Ratio | 0.22 X | |||
| Book Value Per Share | (0.76) X | |||
| Cash Flow From Operations | (2.03 M) | |||
| Short Ratio | 1.14 X | |||
| Earnings Per Share | 0.10 X | |||
| Beta | 0.1 | |||
| Market Capitalization | 445.74 M | |||
| One Year Return | 3.70 % |
About Horizon Kinetics Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Horizon Kinetics SPAC's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Horizon Kinetics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Horizon Kinetics SPAC 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 Horizon Kinetics
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 Horizon Kinetics 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 Horizon Kinetics will appreciate offsetting losses from the drop in the long position's value.Moving against Horizon Etf
| 0.67 | XLV | Health Care Select | PairCorr |
| 0.66 | IYH | iShares Healthcare ETF | PairCorr |
| 0.66 | IHF | iShares Healthcare | PairCorr |
| 0.64 | VHT | Vanguard Health Care | PairCorr |
| 0.64 | IXJ | iShares Global Healthcare | PairCorr |
The ability to find closely correlated positions to Horizon Kinetics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Horizon Kinetics 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 Horizon Kinetics - 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 Horizon Kinetics SPAC to buy it.
The correlation of Horizon Kinetics 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 Horizon Kinetics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Horizon Kinetics SPAC 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 Horizon Kinetics 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 Horizon Kinetics Piotroski F Score and Horizon Kinetics Altman Z Score analysis. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
The market value of Horizon Kinetics SPAC is measured differently than its book value, which is the value of Horizon that is recorded on the company's balance sheet. Investors also form their own opinion of Horizon Kinetics' value that differs from its market value or its book value, called intrinsic value, which is Horizon Kinetics' 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 Horizon Kinetics' market value can be influenced by many factors that don't directly affect Horizon Kinetics' 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 Horizon Kinetics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Horizon Kinetics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Horizon Kinetics' 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.