Calamos ETF Beta vs. Price To Book
| CPST Etf | USD 25.37 0.02 0.08% |
For Calamos ETF profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Calamos ETF to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Calamos ETF Trust utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Calamos ETF's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Calamos ETF Trust over time as well as its relative position and ranking within its peers.
Calamos |
The market value of Calamos ETF Trust is measured differently than its book value, which is the value of Calamos that is recorded on the company's balance sheet. Investors also form their own opinion of Calamos ETF's value that differs from its market value or its book value, called intrinsic value, which is Calamos ETF'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 Calamos ETF's market value can be influenced by many factors that don't directly affect Calamos ETF'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 Calamos ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Calamos ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Calamos ETF'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.
Calamos ETF Trust Price To Book vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Calamos ETF's current stock value. Our valuation model uses many indicators to compare Calamos ETF value to that of its competitors to determine the firm's financial worth. Calamos ETF Trust is the top ETF in beta as compared to similar ETFs. It also is the top ETF in price to book as compared to similar ETFs fabricating about 13.53 of Price To Book per Beta. Comparative valuation analysis is a catch-all technique that is used if you cannot value Calamos ETF 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.Calamos Price To Book 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.
Calamos ETF |
| = | 2.71 |
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.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Calamos ETF |
| = | 36.67 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Beta Analysis
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Calamos ETF will likely underperform.
Calamos ETF Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Calamos ETF, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Calamos ETF will eventually generate negative long term returns. The profitability progress is the general direction of Calamos ETF's change in net profit over the period of time. It can combine multiple indicators of Calamos ETF, 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.
Capstone Turbine Corporation develops, manufactures, markets, and services microturbine technology solutions for use in stationary distributed power generation applications worldwide. The company was founded in 1988 and is headquartered in Van Nuys, California. Capstone Turbine operates under Specialty Industrial Machinery classification in the United States and is traded on NASDAQ Exchange. It employs 100 people.
Calamos Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Calamos ETF. 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 Calamos ETF 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 Calamos ETF's important profitability drivers and their relationship over time.
Use Calamos ETF 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 Calamos ETF 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 Calamos ETF will appreciate offsetting losses from the drop in the long position's value.Calamos ETF Pair Trading
Calamos ETF Trust Pair Trading Analysis
The ability to find closely correlated positions to Calamos ETF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Calamos ETF 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 Calamos ETF - 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 Calamos ETF Trust to buy it.
The correlation of Calamos ETF 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 Calamos ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Calamos ETF Trust 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 Calamos ETF 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 Calamos ETF position
In addition to having Calamos ETF 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 Communication Services Thematic Idea Now
Communication Services
Companies that provide networking, telecom, and long distance services. The Communication Services theme has 37 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 Communication Services Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Trending Equities. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
To fully project Calamos ETF's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Calamos ETF Trust 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 Calamos ETF's income statement, its balance sheet, and the statement of cash flows.