Essential Ownership
| ESN Etf | 15.60 0.13 0.84% |
Essential |
Essential Etf Ownership Analysis
Essential is is formed as Regulated Investment Company in the United States. ETF is managed and operated by Ultimus Fund Solutions, LLC. The fund has 42 constituents across multiple sectors and instustries. The fund charges 0.5 percent management fee with a total expences of 1.24 percent of total asset. The fund generated five year return of 12.0%. It is possible that Essential 40 Stock etf was renamed or delisted.Sector Exposure (%)
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Essential Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Essential , and the less return is expected.
Currency Exposure (%)
Investment Allocations (%)
Top Etf Constituents
| AWK | American Water Works | Stock | |
| PANW | Palo Alto Networks | Stock | |
| NTR | Nutrien | Stock | |
| CB | Chubb | Stock | |
| HD | Home Depot | Stock | |
| INTC | Intel | Stock | |
| SYY | Sysco | Stock | |
| ORCL | Oracle | Stock | |
| V | Visa Class A | Stock | |
| ADP | Automatic Data Processing | Stock | |
| COST | Costco Wholesale Corp | Stock | |
| GOOGL | Alphabet Inc Class A | Stock | |
| AAPL | Apple Inc | Stock | |
| META | Meta Platforms | Stock | |
| WM | Waste Management | Stock | |
| LLY | Eli Lilly and | Stock | |
| AMZN | Amazon Inc | Stock | |
| CME | CME Group | Stock | |
| PFE | Pfizer Inc | Stock | |
| UNH | UnitedHealth Group Incorporated | Stock | |
| F | Ford Motor | Stock | |
| MPC | Marathon Petroleum Corp | Stock | |
| DUK | Duke Energy | Stock | |
| FDX | FedEx | Stock | |
| BA | The Boeing | Stock | |
| VZ | Verizon Communications | Stock | |
| LMT | Lockheed Martin | Stock | |
| IBM | International Business Machines | Stock | |
| XOM | Exxon Mobil Corp | Stock | |
| MAS | Masco | Stock | |
| JNJ | Johnson Johnson | Stock | |
| JPM | JPMorgan Chase Co | Stock | |
| EPD | Enterprise Products Partners | Stock | |
| CMCSA | Comcast Corp | Stock | |
| MMM | 3M Company | Stock | |
| CVS | CVS Health Corp | Stock | |
| MSFT | Microsoft | Stock | |
| BRK-B | Berkshire Hathaway | Stock | |
| DAL | Delta Air Lines | Stock | |
| FCX | Freeport McMoran Copper Gold | Stock |
Pair Trading with Essential
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 Essential 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 Essential will appreciate offsetting losses from the drop in the long position's value.Moving together with Essential Etf
Moving against Essential Etf
The ability to find closely correlated positions to Essential could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Essential 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 Essential - 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 Essential 40 Stock to buy it.
The correlation of Essential 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 Essential moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Essential 40 Stock 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 Essential 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Essential 40 Stock. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
The market value of Essential 40 Stock is measured differently than its book value, which is the value of Essential that is recorded on the company's balance sheet. Investors also form their own opinion of Essential's value that differs from its market value or its book value, called intrinsic value, which is Essential'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 Essential's market value can be influenced by many factors that don't directly affect Essential'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 Essential's value and its price as these two are different measures arrived at by different means. Investors typically determine if Essential is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Essential'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.