A hedge if this tech comeback is a head fake and a correction is still in order
| XLK Etf | USD 233.48 2.35 1.02% |
About 50% of Technology Select's institutional investors are presently thinking to get in. The current sentiment regarding investing in Technology Select Sector etf implies that some traders are interested. Technology Select's investing sentiment shows overall attitude of investors towards Technology Select Sector.
Technology |
Mike Khouw presents a vertical spread trade on the Technology Select SPDR.
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Technology Select Fundamental Analysis
We analyze Technology Select's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Technology Select using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Technology Select 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.
Price To Earning
Price To Earning Comparative Analysis
Technology Select is currently under evaluation in price to earning as compared to similar ETFs. Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Technology Select Sector 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 Technology Select etf to make a market-neutral strategy. Peer analysis of Technology Select could also be used in its relative valuation, which is a method of valuing Technology Select by comparing valuation metrics with similar companies.
Peers
Technology Select Related Equities
| DPST | Direxion Daily | 4.64 | ||||
| MGNR | American Beacon | 1.90 | ||||
| MEDI | Harbor Health | 1.55 | ||||
| MISL | First Trust | 0.95 | ||||
| DRLL | EA Series | 0.66 | ||||
| MDST | Ultimus Managers | 0.61 | ||||
| MEDX | Horizon Kinetics | 0.44 | ||||
| MDEV | First Trust | 0.43 | ||||
| DRIP | Direxion Daily | 2.71 |
Check out Technology Select Hype Analysis, Technology Select Correlation and Technology Select Performance. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
The market value of Technology Select Sector is measured differently than its book value, which is the value of Technology that is recorded on the company's balance sheet. Investors also form their own opinion of Technology Select's value that differs from its market value or its book value, called intrinsic value, which is Technology Select'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 Technology Select's market value can be influenced by many factors that don't directly affect Technology Select'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 Technology Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Technology Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Technology Select'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.