Brompton North Beta vs. Equity Positions Weight

BFIN Etf  CAD 26.27  0.07  0.27%   
Considering the key profitability indicators obtained from Brompton North's historical financial statements, Brompton North American may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in December. Profitability indicators assess Brompton North's ability to earn profits and add value for shareholders.
For Brompton North profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Brompton North to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Brompton North American utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Brompton North's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Brompton North American over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Brompton North's value and its price as these two are different measures arrived at by different means. Investors typically determine if Brompton North is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Brompton North'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.

Brompton North American Equity Positions Weight vs. Beta Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Brompton North's current stock value. Our valuation model uses many indicators to compare Brompton North value to that of its competitors to determine the firm's financial worth.
Brompton North American is the top ETF in beta as compared to similar ETFs. It also is the top ETF in equity positions weight as compared to similar ETFs making about  83.86  of Equity Positions Weight per Beta. Comparative valuation analysis is a catch-all model that can be used if you cannot value Brompton North by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Brompton North's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.

Brompton Equity Positions Weight vs. Beta

Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Brompton North

Beta

 = 

Covariance

Variance

 = 
1.18
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.

Brompton North

Stock Percentage

 = 

% of Equities

in the fund

 = 
98.96 %
Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.

Brompton Equity Positions Weight Comparison

Brompton North is currently under evaluation in equity positions weight as compared to similar ETFs.

Beta Analysis

As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Brompton North will likely underperform.

Brompton North Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Brompton North, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Brompton North will eventually generate negative long term returns. The profitability progress is the general direction of Brompton North's change in net profit over the period of time. It can combine multiple indicators of Brompton North, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The investment objectives of Brompton North American Financials Dividend ETF are to provide Unitholders with stable monthly cash distributions the opportunity for capital appreciation and lower overall volatility of portfolio returns than would otherwise be experienced by owning securities of North American Financial Services Companies directly. BROMPTON is traded on Toronto Stock Exchange in Canada.

Brompton Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Brompton North. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Brompton North position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Brompton North's important profitability drivers and their relationship over time.

Use Brompton North in pair-trading

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 Brompton North 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 Brompton North will appreciate offsetting losses from the drop in the long position's value.

Brompton North Pair Trading

Brompton North American Pair Trading Analysis

The ability to find closely correlated positions to Brompton North could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brompton North 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 Brompton North - 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 Brompton North American to buy it.
The correlation of Brompton North 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 Brompton North moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brompton North American 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 Brompton North 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Brompton North position

In addition to having Brompton North in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Long Short Funds Thematic Idea Now

Long Short Funds
Long Short Funds Theme
Funds or Etfs that are designed to hedge away market risk by investing in combination of bonds, stocks, derivative instruments as well as short positions to maximize returns irrespective of market conditions. The Long Short Funds theme has 46 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Long Short Funds Theme or any other thematic opportunities.
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Other Information on Investing in Brompton Etf

To fully project Brompton North's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Brompton North American at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Brompton North's income statement, its balance sheet, and the statement of cash flows.
Potential Brompton North investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Brompton North investors may work on each financial statement separately, they are all related. The changes in Brompton North's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Brompton North's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.