Is USAA NASDAQ-100 Index Fund a Strong Mutual Fund Pick Right Now - Zacks Investment Research
| USNQX Fund | USD 52.52 0.29 0.56% |
Slightly above 52% of Nasdaq-100 Index's investor base is interested to short. The analysis of overall sentiment of trading Nasdaq 100 Index Fund mutual fund suggests that many investors are impartial at this time. Nasdaq-100 Index's investing sentiment can be driven by a variety of factors including economic data, Nasdaq-100 Index's earnings reports, geopolitical events, and overall market trends.
Nasdaq-100 |
Is USAA NASDAQ-100 Index Fund a Strong Mutual Fund Pick Right Now Zacks Investment Research
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Nasdaq-100 Index Fundamental Analysis
We analyze Nasdaq-100 Index's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nasdaq-100 Index using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nasdaq-100 Index based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, 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.
Price To Book
Price To Book Comparative Analysis
Nasdaq 100 is currently under evaluation in price to book among similar funds. Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Nasdaq 100 Index 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 Nasdaq-100 Index mutual fund to make a market-neutral strategy. Peer analysis of Nasdaq-100 Index could also be used in its relative valuation, which is a method of valuing Nasdaq-100 Index by comparing valuation metrics with similar companies.
Peers
Nasdaq-100 Index Related Equities
| USSCX | Science Technology | 0.88 | ||||
| USSPX | Sp 500 | 0.56 | ||||
| USIFX | International Fund | 0.36 | ||||
| USAWX | World Growth | 0.12 | ||||
| USMIX | Extended Market | 0.51 |
Other Information on Investing in Nasdaq-100 Mutual Fund
Nasdaq-100 Index financial ratios help investors to determine whether Nasdaq-100 Mutual Fund 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 Nasdaq-100 with respect to the benefits of owning Nasdaq-100 Index security.
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| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |