Etfs Morningstar Global Etf Beta
| TECH Etf | 110.36 2.57 2.38% |
ETFS Morningstar Global fundamentals help investors to digest information that contributes to ETFS Morningstar's financial success or failures. It also enables traders to predict the movement of ETFS Etf. The fundamental analysis module provides a way to measure ETFS Morningstar'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 ETFS Morningstar etf.
ETFS |
ETFS Morningstar Global ETF Beta Analysis
ETFS Morningstar'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 ETFS Morningstar Beta | 1.32 |
Most of ETFS Morningstar'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, ETFS Morningstar Global 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.
| Competition |
In accordance with the recently published financial statements, ETFS Morningstar Global has a Beta of 1.32. This is much higher than that of the family and significantly higher than that of the Equity Global Technology category. The beta for all Australia etfs is notably lower than that of the firm.
ETFS Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ETFS Morningstar'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 ETFS Morningstar could also be used in its relative valuation, which is a method of valuing ETFS Morningstar by comparing valuation metrics of similar companies.ETFS Morningstar is currently under evaluation in beta as compared to similar ETFs.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ETFS Morningstar will likely underperform.
ETFS Fundamentals
| Beta | 1.32 | |||
| One Year Return | 8.70 % | |||
| Three Year Return | 27.80 % |
About ETFS Morningstar Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ETFS Morningstar Global's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ETFS Morningstar using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ETFS Morningstar Global 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.
Thematic Opportunities
Explore Investment Opportunities
Other Information on Investing in ETFS Etf
ETFS Morningstar financial ratios help investors to determine whether ETFS Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ETFS with respect to the benefits of owning ETFS Morningstar security.