DBJA Three Year Return vs. Net Asset
| DBJA Etf | USD 28.47 0.00 0.00% |
For DBJA profitability analysis, we use financial ratios and fundamental drivers that measure the ability of DBJA to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well DBJA utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between DBJA's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of DBJA over time as well as its relative position and ranking within its peers.
DBJA |
The market value of DBJA is measured differently than its book value, which is the value of DBJA that is recorded on the company's balance sheet. Investors also form their own opinion of DBJA's value that differs from its market value or its book value, called intrinsic value, which is DBJA'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 DBJA's market value can be influenced by many factors that don't directly affect DBJA'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 DBJA's value and its price as these two are different measures arrived at by different means. Investors typically determine if DBJA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DBJA'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.
DBJA Net Asset vs. Three Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining DBJA's current stock value. Our valuation model uses many indicators to compare DBJA value to that of its competitors to determine the firm's financial worth. DBJA is one of the top ETFs in three year return as compared to similar ETFs. It also is one of the top ETFs in net asset as compared to similar ETFs making up about 1,530,000 of Net Asset per Three Year Return. 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 DBJA's earnings, one of the primary drivers of an investment's value.DBJA Net Asset 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.
DBJA |
| = | 5.00 % |
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.
Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
DBJA |
| = | 7.65 M |
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
DBJA Net Asset Comparison
DBJA is currently under evaluation in net asset as compared to similar ETFs.
DBJA Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in DBJA, profitability is also one of the essential criteria for including it into their portfolios because, without profit, DBJA will eventually generate negative long term returns. The profitability progress is the general direction of DBJA's change in net profit over the period of time. It can combine multiple indicators of DBJA, 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 will invest substantially all of its assets in a portfolio of FLexible EXchange Options that reference both the SPDR SP 500 ETF Trust and the Invesco QQQ TrustSM, Series 1. Innovator Double is traded on BATS Exchange in the United States.
DBJA Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on DBJA. 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 DBJA 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 DBJA's important profitability drivers and their relationship over time.
Use DBJA 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 DBJA 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 DBJA will appreciate offsetting losses from the drop in the long position's value.DBJA Pair Trading
DBJA Pair Trading Analysis
The ability to find closely correlated positions to DBJA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DBJA 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 DBJA - 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 DBJA to buy it.
The correlation of DBJA 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 DBJA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DBJA 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 DBJA 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 DBJA position
In addition to having DBJA 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 Global Macro ETFs Thematic Idea Now
Global Macro ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Global Macro ETFs theme has 26 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 Global Macro ETFs Theme or any other thematic opportunities.
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Check out Investing Opportunities 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 inflation. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
To fully project DBJA's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of DBJA 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 DBJA's income statement, its balance sheet, and the statement of cash flows.