Proactive Strategies - Stock Traders Daily
| VETZ Etf | 19.90 0.01 0.05% |
Slightly above 56% of Tidal ETF's investor base is looking to short. The current sentiment regarding investing in Tidal ETF Trust etf implies that many traders are alarmed. Tidal ETF's investing sentiment can be driven by a variety of factors including economic data, Tidal ETF's earnings reports, geopolitical events, and overall market trends.
Tidal |
Proactive Strategies Stock Traders Daily
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Tidal ETF Fundamental Analysis
We analyze Tidal ETF's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tidal ETF using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tidal ETF 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.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
Tidal ETF is currently under evaluation in probability of bankruptcy as compared to similar ETFs. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
Tidal ETF Trust 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 Tidal ETF etf to make a market-neutral strategy. Peer analysis of Tidal ETF could also be used in its relative valuation, which is a method of valuing Tidal ETF by comparing valuation metrics with similar companies.
Peers
Tidal ETF Related Equities
| PP | Tidal ETF | 2.69 | ||||
| MCSE | Martin Currie | 0.98 | ||||
| DIVB | IShares Dividend | 0.88 | ||||
| GK | AdvisorShares Gerber | 0.85 | ||||
| METV | Roundhill Ball | 0.78 | ||||
| XT | IShares Exponential | 0.70 | ||||
| MDCP | VictoryShares THB | 0.69 | ||||
| EV | Mast Global | 0.67 | ||||
| MJ | Amplify ETF | 0.79 |
Check out Tidal ETF Hype Analysis, Tidal ETF Correlation and Tidal ETF Performance. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
The market value of Tidal ETF Trust is measured differently than its book value, which is the value of Tidal that is recorded on the company's balance sheet. Investors also form their own opinion of Tidal ETF's value that differs from its market value or its book value, called intrinsic value, which is Tidal ETF'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 Tidal ETF's market value can be influenced by many factors that don't directly affect Tidal ETF'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 Tidal ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tidal ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tidal ETF'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.