Legal General Beta vs. Ten Year Return
| CASH Etf | 15.68 1.09 6.50% |
For Legal General profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Legal General to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Legal General UCITS utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Legal General's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Legal General UCITS over time as well as its relative position and ranking within its peers.
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Legal General UCITS Ten Year Return vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Legal General's current stock value. Our valuation model uses many indicators to compare Legal General value to that of its competitors to determine the firm's financial worth. Legal General UCITS is the top ETF in beta as compared to similar ETFs. It also is the top ETF in ten year return as compared to similar ETFs reporting about 3.10 of Ten Year Return per Beta. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Legal General's earnings, one of the primary drivers of an investment's value.Legal Ten Year Return 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.
Legal General |
| = | 1.0 |
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.
Ten Year Return shows the total annualized return generated from holding a fund for the last 10 years and represents fund's capital appreciation, including dividends losses and capital gains distributions. This return indicator is considered by many investors to be the ultimate measures of fund performance and can reflect the overall performance of the market or market segment it invests in.
Legal General |
| = | 3.10 % |
Although Ten Year Fund Return indicator can give a sense of overall fund long-term potential, it is recommended to compare funds performances against other similar funds or market benchmarks for the same 10-year interval.
Legal Ten Year Return Comparison
Legal General is currently under evaluation in ten year return as compared to similar ETFs.
Beta Analysis
Legal General returns are very sensitive to returns on the market. As the market goes up or down, Legal General is expected to follow.
Legal General Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Legal General, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Legal General will eventually generate negative long term returns. The profitability progress is the general direction of Legal General's change in net profit over the period of time. It can combine multiple indicators of Legal General, 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.
Legal General is entity of United Kingdom. It is traded as Etf on LSE exchange.
Legal Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Legal General. 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 Legal General 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 Legal General's important profitability drivers and their relationship over time.
Use Legal General 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 Legal General 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 Legal General will appreciate offsetting losses from the drop in the long position's value.Legal General Pair Trading
Legal General UCITS Pair Trading Analysis
The ability to find closely correlated positions to Legal General could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Legal General 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 Legal General - 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 Legal General UCITS to buy it.
The correlation of Legal General 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 Legal General moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Legal General UCITS 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 Legal General 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.Use Investing Themes to Complement your Legal General position
In addition to having Legal General 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?
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ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Emerging Markets ETFs theme has 29 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 Emerging Markets ETFs Theme or any other thematic opportunities.
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Other Information on Investing in Legal Etf
To fully project Legal General's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Legal General UCITS 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 Legal General's income statement, its balance sheet, and the statement of cash flows.