Ishares High Quality Etf Beneish M Score
| XQB Etf | CAD 18.78 0.04 0.21% |
IShares |
At this time, IShares High's M Score is inapplicable. The earnings manipulation may begin if IShares High's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by IShares High executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of IShares High's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-4.84
Beneish M Score - Inapplicable
Did you try this?
Run Premium Stories Now
Premium StoriesFollow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope |
| All Next | Launch Module |
About IShares High Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze iShares High Quality's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of IShares High using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of iShares High Quality 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 IShares High
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 IShares High 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 IShares High will appreciate offsetting losses from the drop in the long position's value.Moving together with IShares Etf
| 0.95 | ZAG | BMO Aggregate Bond | PairCorr |
| 0.96 | XBB | iShares Canadian Universe | PairCorr |
| 0.78 | ZCPB | BMO Core Plus | PairCorr |
| 0.95 | ZDB | BMO Discount Bond | PairCorr |
| 0.81 | XGB | iShares Canadian Gov | PairCorr |
Moving against IShares Etf
The ability to find closely correlated positions to IShares High could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares High 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 IShares High - 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 iShares High Quality to buy it.
The correlation of IShares High 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 IShares High moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares High Quality 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 IShares High 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 IShares Etf
IShares High financial ratios help investors to determine whether IShares 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 IShares with respect to the benefits of owning IShares High security.