Health Care Select Etf Current Asset
| XLV Etf | USD 144.03 1.15 0.80% |
Health Care Select fundamentals help investors to digest information that contributes to Health Care's financial success or failures. It also enables traders to predict the movement of Health Etf. The fundamental analysis module provides a way to measure Health Care'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 Health Care etf.
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Health Care Select ETF Current Asset Analysis
Health Care's Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
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In accordance with the recently published financial statements, Health Care Select has a Current Asset of 0.0. This indicator is about the same for the SPDR State Street Global Advisors 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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Fund Asset Allocation for Health Care
The fund invests 99.89% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides Health Care'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.
Health Fundamentals
| Price To Earning | 4.40 X | |||
| Price To Book | 2.99 X | |||
| Price To Sales | 1.60 X | |||
| Gross Profit | 485.93 M | |||
| Earnings Per Share | 6.78 X | |||
| Beta | 0.67 | |||
| Market Capitalization | 27.08 B | |||
| Total Asset | 35.9 B | |||
| One Year Return | 12.40 % | |||
| Three Year Return | 4.00 % | |||
| Five Year Return | 9.70 % | |||
| Ten Year Return | 9.40 % | |||
| Net Asset | 35.9 B | |||
| Last Dividend Paid | 0.43 | |||
| Equity Positions Weight | 99.89 % |
About Health Care Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Health Care Select's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Health Care using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Health Care Select 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.
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Check out Health Care Piotroski F Score and Health Care Altman Z Score analysis. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
The market value of Health Care Select is measured differently than its book value, which is the value of Health that is recorded on the company's balance sheet. Investors also form their own opinion of Health Care's value that differs from its market value or its book value, called intrinsic value, which is Health Care'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 Health Care's market value can be influenced by many factors that don't directly affect Health Care'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 Health Care's value and its price as these two are different measures arrived at by different means. Investors typically determine if Health Care is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Health Care'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.