iShares U.S. Transportation ETF Sets New 52-Week High at 262.62
| IYT Etf | USD 73.58 0.97 1.34% |
Slightly above 52% of IShares Transportation's private investors are presently thinking to get in. The current sentiment regarding investing in iShares Transportation Average etf implies that some traders are interested. IShares Transportation's investing sentiment can be driven by a variety of factors including economic data, IShares Transportation's earnings reports, geopolitical events, and overall market trends.
IShares |
Shares of iShares U.S. Transportation ETF reached a new 52-week high during mid-day trading on Monday . The stock traded as high as 262.62 and last traded at 261.99, with a volume of 122307 shares changing hands. The stock had previously closed at 258.82. iShares U.S. Transportation ETF Price Performance
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IShares Transportation Fundamental Analysis
We analyze IShares Transportation's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of IShares Transportation using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of IShares Transportation 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.
Gross Profit
Gross Profit Comparative Analysis
IShares Transportation is currently under evaluation in gross profit as compared to similar ETFs. Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
iShares Transportation Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with IShares Transportation etf to make a market-neutral strategy. Peer analysis of IShares Transportation could also be used in its relative valuation, which is a method of valuing IShares Transportation by comparing valuation metrics with similar companies.
Peers
IShares Transportation Related Equities
| IYZ | IShares Telecommunicatio | 1.66 | ||||
| IYC | IShares Consumer | 1.38 | ||||
| IYJ | IShares Industrials | 1.13 | ||||
| IYR | IShares Real | 0.74 | ||||
| IYM | IShares Basic | 0.53 |
Check out IShares Transportation Hype Analysis, IShares Transportation Correlation and IShares Transportation Performance. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
The market value of iShares Transportation is measured differently than its book value, which is the value of IShares that is recorded on the company's balance sheet. Investors also form their own opinion of IShares Transportation's value that differs from its market value or its book value, called intrinsic value, which is IShares Transportation'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 IShares Transportation's market value can be influenced by many factors that don't directly affect IShares Transportation'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 IShares Transportation's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Transportation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Transportation'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.