Exchange Traded Concepts Etf Fundamentals
| TDSD Etf | USD 22.36 0.03 0.13% |
Exchange Traded Concepts fundamentals help investors to digest information that contributes to Exchange Traded's financial success or failures. It also enables traders to predict the movement of Exchange Etf. The fundamental analysis module provides a way to measure Exchange Traded'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 Exchange Traded etf.
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Exchange Traded Concepts ETF Beta Analysis
Exchange Traded'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 Exchange Traded Beta | 0.71 |
Most of Exchange Traded'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, Exchange Traded Concepts 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.
CompetitionIn accordance with the recently published financial statements, Exchange Traded Concepts has a Beta of 0.71. This is much higher than that of the Cabana family and significantly higher than that of the Tactical Allocation category. The beta for all United States etfs is notably lower than that of the firm.
Exchange Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Exchange Traded'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 Exchange Traded could also be used in its relative valuation, which is a method of valuing Exchange Traded by comparing valuation metrics of similar companies.Exchange Traded is currently under evaluation in beta as compared to similar ETFs.
As returns on the market increase, Exchange Traded's returns are expected to increase less than the market. However, during the bear market, the loss of holding Exchange Traded is expected to be smaller as well.
Exchange Fundamentals
| Beta | 0.71 | |||
| Total Asset | 200.41 M | |||
| One Year Return | 8.60 % | |||
| Three Year Return | (1.40) % | |||
| Net Asset | 200.41 M |
About Exchange Traded Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Exchange Traded Concepts's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Exchange Traded using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Exchange Traded Concepts 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 is an actively managed exchange-traded fund that seeks to achieve its investment objective with limited volatility and reduced correlation to the overall performance of the equity markets by allocating its assets among the following five major asset classes equities, fixed income securities, real estate, currencies, and commodities. Cabana Target is traded on NYSEARCA Exchange in the United States.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Exchange Traded Concepts is a strong investment it is important to analyze Exchange Traded's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Exchange Traded's future performance. For an informed investment choice regarding Exchange Etf, refer to the following important reports:Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
The market value of Exchange Traded Concepts is measured differently than its book value, which is the value of Exchange that is recorded on the company's balance sheet. Investors also form their own opinion of Exchange Traded's value that differs from its market value or its book value, called intrinsic value, which is Exchange Traded'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 Exchange Traded's market value can be influenced by many factors that don't directly affect Exchange Traded'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 Exchange Traded's value and its price as these two are different measures arrived at by different means. Investors typically determine if Exchange Traded is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Exchange Traded'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.