Tech Leaders Income Etf Price To Sales
| TLF Etf | CAD 25.42 0.13 0.51% |
Tech Leaders Income fundamentals help investors to digest information that contributes to Tech Leaders' financial success or failures. It also enables traders to predict the movement of Tech Etf. The fundamental analysis module provides a way to measure Tech Leaders' 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 Tech Leaders etf.
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Tech Leaders Income ETF Price To Sales Analysis
Tech Leaders' Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
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Based on the latest financial disclosure, Tech Leaders Income has a Price To Sales of 0.0 times. This indicator is about the same for the Brompton Funds Limited average (which is currently at 0.0) family and about the same as Sector Equity (which currently averages 0.0) category. This indicator is about the same for all Canada etfs average (which is currently at 0.0).
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Fund Asset Allocation for Tech Leaders
The fund invests 47.82% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides Tech Leaders' 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.
Tech Fundamentals
| Beta | 1.53 | |||
| Total Asset | 37.92 M | |||
| One Year Return | 27.90 % | |||
| Three Year Return | 9.20 % | |||
| Five Year Return | 19.20 % | |||
| Net Asset | 37.92 M | |||
| Last Dividend Paid | 0.054 | |||
| Equity Positions Weight | 47.82 % |
About Tech Leaders Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Tech Leaders Income's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tech Leaders using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tech Leaders Income 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 Tech Leaders
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 Tech Leaders 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 Tech Leaders will appreciate offsetting losses from the drop in the long position's value.Moving together with Tech Etf
Moving against Tech Etf
| 0.76 | XHC | iShares Global Healthcare | PairCorr |
| 0.75 | HHL | Harvest Healthcare | PairCorr |
| 0.69 | ZUH | BMO Equal Weight | PairCorr |
| 0.68 | TCLB | TD Canadian Long | PairCorr |
| 0.37 | ZAG | BMO Aggregate Bond | PairCorr |
The ability to find closely correlated positions to Tech Leaders could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tech Leaders 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 Tech Leaders - 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 Tech Leaders Income to buy it.
The correlation of Tech Leaders 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 Tech Leaders moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tech Leaders Income 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 Tech Leaders 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.Other Information on Investing in Tech Etf
Tech Leaders financial ratios help investors to determine whether Tech 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 Tech with respect to the benefits of owning Tech Leaders security.