Ershares Private Public Crossover Etf Holdings Turnover
| XOVR Etf | USD 18.04 0.23 1.26% |
ERShares Private Public Crossover fundamentals help investors to digest information that contributes to ERShares Private's financial success or failures. It also enables traders to predict the movement of ERShares Etf. The fundamental analysis module provides a way to measure ERShares Private'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 ERShares Private etf.
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ERShares Private Public Crossover ETF Holdings Turnover Analysis
ERShares Private's Holding Turnover is calculated by adding up all the transactions for the year, dividing it by 2 and then dividing it again by the total fund holdings. Holding Turnover is the rate at which funds or ETFs replace their investment holdings on an annual basis. In other words it measures how quickly a fund turns over its holdings during the fiscal year.
Investor can think of Holding Turnover as a percentage of a fund's assets that have turned over in the past year. Typically, a high annual turnover ratio implies that fund managers made a lot of buying and selling. The higher the annual turnover, the higher the expense ratio for the fund.
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According to the company disclosure, ERShares Private Public Crossover has a Holdings Turnover 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 Large Growth (which currently averages 0.0) category. The holdings turnover for all United States etfs is 100.0% higher than that of the company.
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Fund Asset Allocation for ERShares Private
The fund consists of 95.47% investments in fixed income securities, with the rest of funds allocated in various types of exotic instruments.Asset allocation divides ERShares Private'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.
ERShares Fundamentals
| Beta | 1.31 | |||
| Annual Yield | 3.82 % | |||
| Year To Date Return | 2.02 % | |||
| One Year Return | 30.30 % | |||
| Three Year Return | 15.40 % | |||
| Five Year Return | 8.40 % | |||
| Net Asset | 44.8 M | |||
| Bond Positions Weight | 95.47 % |
About ERShares Private Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ERShares Private Public Crossover's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ERShares Private using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ERShares Private Public Crossover 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 ERShares Private
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 ERShares Private 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 ERShares Private will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to ERShares Private could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ERShares Private 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 ERShares Private - 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 ERShares Private Public Crossover to buy it.
The correlation of ERShares Private 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 ERShares Private moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ERShares Private Public 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 ERShares Private 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.Check out ERShares Private Piotroski F Score and ERShares Private Altman Z Score analysis. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
The market value of ERShares Private Public is measured differently than its book value, which is the value of ERShares that is recorded on the company's balance sheet. Investors also form their own opinion of ERShares Private's value that differs from its market value or its book value, called intrinsic value, which is ERShares Private'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 ERShares Private's market value can be influenced by many factors that don't directly affect ERShares Private'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 ERShares Private's value and its price as these two are different measures arrived at by different means. Investors typically determine if ERShares Private is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ERShares Private'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.