DXGE Beta vs. Price To Earning
Based on the measurements of profitability obtained from DXGE's financial statements, DXGE may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in April. Profitability indicators assess DXGE's ability to earn profits and add value for shareholders.
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 price.
For DXGE profitability analysis, we use financial ratios and fundamental drivers that measure the ability of DXGE to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well DXGE utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between DXGE's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of DXGE over time as well as its relative position and ranking within its peers.
DXGE |
The market value of DXGE is measured differently than its book value, which is the value of DXGE that is recorded on the company's balance sheet. Investors also form their own opinion of DXGE's value that differs from its market value or its book value, called intrinsic value, which is DXGE'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 DXGE's market value can be influenced by many factors that don't directly affect DXGE'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 DXGE's value and its price as these two are different measures arrived at by different means. Investors typically determine if DXGE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DXGE'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.
DXGE Price To Earning vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining DXGE's current stock value. Our valuation model uses many indicators to compare DXGE value to that of its competitors to determine the firm's financial worth. DXGE is one of the top ETFs in beta as compared to similar ETFs. It is rated # 3 ETF in price to earning as compared to similar ETFs reporting about 15.30 of Price To Earning per Beta. Comparative valuation analysis is a catch-all technique that is used if you cannot value DXGE 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.DXGE Price To Earning 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.
DXGE |
| = | 0.9 |
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 Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
DXGE |
| = | 13.77 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
DXGE Price To Earning Comparison
DXGE is currently under evaluation in price to earning as compared to similar ETFs.
Beta Analysis
DXGE returns are very sensitive to returns on the market. As the market goes up or down, DXGE is expected to follow.
DXGE Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in DXGE, profitability is also one of the essential criteria for including it into their portfolios because, without profit, DXGE will eventually generate negative long term returns. The profitability progress is the general direction of DXGE's change in net profit over the period of time. It can combine multiple indicators of DXGE, 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 normally invests at least 80 percent of its total assets in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. Wisdomtree Germany is traded on NASDAQ Exchange in the United States.
DXGE Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on DXGE. 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 DXGE 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 DXGE's important profitability drivers and their relationship over time.
Use DXGE 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 DXGE 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 DXGE will appreciate offsetting losses from the drop in the long position's value.DXGE Pair Trading
DXGE Pair Trading Analysis
The ability to find closely correlated positions to F5 Networks could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace F5 Networks 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 F5 Networks - 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 F5 Networks to buy it.
The correlation of F5 Networks 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 F5 Networks moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if F5 Networks 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 F5 Networks 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 DXGE position
In addition to having DXGE 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
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 44 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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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 price. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Other Tools for DXGE Etf
When running DXGE's price analysis, check to measure DXGE's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy DXGE is operating at the current time. Most of DXGE's value examination focuses on studying past and present price action to predict the probability of DXGE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DXGE's price. Additionally, you may evaluate how the addition of DXGE to your portfolios can decrease your overall portfolio volatility.
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