CHIM Three Year Return vs. Price To Sales
| CHIM Etf | USD 16.44 0.03 0.18% |
For CHIM profitability analysis, we use financial ratios and fundamental drivers that measure the ability of CHIM to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well CHIM utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between CHIM's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of CHIM over time as well as its relative position and ranking within its peers.
CHIM |
The market value of CHIM is measured differently than its book value, which is the value of CHIM that is recorded on the company's balance sheet. Investors also form their own opinion of CHIM's value that differs from its market value or its book value, called intrinsic value, which is CHIM'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 CHIM's market value can be influenced by many factors that don't directly affect CHIM'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 CHIM's value and its price as these two are different measures arrived at by different means. Investors typically determine if CHIM is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CHIM'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.
CHIM Price To Sales vs. Three Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining CHIM's current stock value. Our valuation model uses many indicators to compare CHIM value to that of its competitors to determine the firm's financial worth. CHIM is rated below average in three year return as compared to similar ETFs. It also is rated below average in price to sales as compared to similar ETFs . Comparative valuation analysis is a catch-all technique that is used if you cannot value CHIM by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.CHIM Price To Sales vs. Three Year Return
Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
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| = | (16.90) % |
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
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| = | 0.53 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
CHIM Price To Sales Comparison
CHIM is currently under evaluation in price to sales as compared to similar ETFs.
CHIM Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in CHIM, profitability is also one of the essential criteria for including it into their portfolios because, without profit, CHIM will eventually generate negative long term returns. The profitability progress is the general direction of CHIM's change in net profit over the period of time. It can combine multiple indicators of CHIM, 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 fund invests at least 80 percent of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. Gx MSCI is traded on NYSEARCA Exchange in the United States.
CHIM Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on CHIM. 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 CHIM 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 CHIM's important profitability drivers and their relationship over time.
Use CHIM 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 CHIM 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 CHIM will appreciate offsetting losses from the drop in the long position's value.CHIM Pair Trading
CHIM Pair Trading Analysis
The ability to find closely correlated positions to CHIM could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CHIM 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 CHIM - 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 CHIM to buy it.
The correlation of CHIM 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 CHIM moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CHIM 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 CHIM 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 CHIM position
In addition to having CHIM 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 Non-Metallic and Industrial Metal Mining Thematic Idea Now
Non-Metallic and Industrial Metal Mining
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Non-Metallic and Industrial Metal Mining theme has 61 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 Non-Metallic and Industrial Metal Mining Theme or any other thematic opportunities.
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Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
To fully project CHIM's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of CHIM 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 CHIM's income statement, its balance sheet, and the statement of cash flows.