Materials Select Sector Etf Fundamentals
| XLB Etf | USD 93.57 1.13 1.22% |
Materials Select Sector fundamentals help investors to digest information that contributes to Materials Select's financial success or failures. It also enables traders to predict the movement of Materials Etf. The fundamental analysis module provides a way to measure Materials Select'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 Materials Select etf.
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Materials Select Sector ETF Price To Earning Analysis
Materials Select's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current Materials Select Price To Earning | 3.26 X |
Most of Materials Select's fundamental indicators, such as Price To Earning, 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, Materials Select Sector is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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Based on the latest financial disclosure, Materials Select Sector has a Price To Earning of 3.26 times. This is 52.06% lower than that of the SPDR State Street Global Advisors family and significantly higher than that of the Natural Resources category. The price to earning for all United States etfs is 3.49% lower than that of the firm.
Materials Select Sector Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Materials Select's current stock value. Our valuation model uses many indicators to compare Materials Select value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Materials Select competition to find correlations between indicators driving Materials Select's intrinsic value. More Info.Materials Select Sector is rated fourth in price to earning as compared to similar ETFs. It is rated second in price to book as compared to similar ETFs fabricating about 1.13 of Price To Book per Price To Earning. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Materials Select's earnings, one of the primary drivers of an investment's value.Materials Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Materials Select's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Materials Select could also be used in its relative valuation, which is a method of valuing Materials Select by comparing valuation metrics of similar companies.Materials Select is currently under evaluation in price to earning as compared to similar ETFs.
Fund Asset Allocation for Materials Select
The fund invests 99.9% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides Materials Select'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.
Materials Fundamentals
| Price To Earning | 3.26 X | |||
| Price To Book | 3.69 X | |||
| Price To Sales | 1.73 X | |||
| Gross Profit | 93.45 M | |||
| Earnings Per Share | 7.07 X | |||
| Beta | 1.16 | |||
| Market Capitalization | 5.95 B | |||
| Total Asset | 4.7 B | |||
| One Year Return | 17.20 % | |||
| Three Year Return | 3.60 % | |||
| Five Year Return | 11.50 % | |||
| Ten Year Return | 8.50 % | |||
| Net Asset | 4.7 B | |||
| Last Dividend Paid | 0.2 | |||
| Equity Positions Weight | 99.90 % |
About Materials Select Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Materials Select Sector's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Materials Select using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Materials Select Sector 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.In seeking to track the performance of the index, the fund employs a replication strategy. SP 500 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 Materials Select Sector offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Materials Select's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Materials Select Sector Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Materials Select Sector Etf:Check out Materials Select Piotroski F Score and Materials Select Altman Z Score analysis. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of Materials Select Sector is measured differently than its book value, which is the value of Materials that is recorded on the company's balance sheet. Investors also form their own opinion of Materials Select's value that differs from its market value or its book value, called intrinsic value, which is Materials Select'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 Materials Select's market value can be influenced by many factors that don't directly affect Materials Select'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 Materials Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Materials Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Materials Select'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.