Gold Bullion One Year Return vs. Net Asset
| GBS Etf | EUR 235.08 3.26 1.41% |
For Gold Bullion profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Gold Bullion to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Gold Bullion Securities utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Gold Bullion's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Gold Bullion Securities over time as well as its relative position and ranking within its peers.
Gold |
Gold Bullion Securities Net Asset vs. One Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Gold Bullion's current stock value. Our valuation model uses many indicators to compare Gold Bullion value to that of its competitors to determine the firm's financial worth. Gold Bullion Securities is rated below average in one year return as compared to similar ETFs. It is rated below average in net asset as compared to similar ETFs . Comparative valuation analysis is a catch-all model that can be used if you cannot value Gold Bullion by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Gold Bullion's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Gold Net Asset vs. One Year Return
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Gold Bullion |
| = | (6.28) % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months 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.
Gold Bullion |
| = | 4.07 B |
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.
Gold Net Asset Comparison
Gold Bullion is rated # 5 ETF in net asset as compared to similar ETFs.
Gold Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Gold Bullion. 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 Gold Bullion 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 Gold Bullion's important profitability drivers and their relationship over time.
Use Gold Bullion 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 Gold Bullion 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 Gold Bullion will appreciate offsetting losses from the drop in the long position's value.Gold Bullion Pair Trading
Gold Bullion Securities Pair Trading Analysis
The ability to find closely correlated positions to Gold Bullion could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gold Bullion 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 Gold Bullion - 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 Gold Bullion Securities to buy it.
The correlation of Gold Bullion 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 Gold Bullion moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gold Bullion Securities 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 Gold Bullion 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 Gold Bullion position
In addition to having Gold Bullion 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 Plastics Thematic Idea Now
Plastics
Companies manufacturing rubber and plastics accessories. The Plastics theme has 43 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 Plastics Theme or any other thematic opportunities.
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Other Information on Investing in Gold Etf
To fully project Gold Bullion's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Gold Bullion Securities 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 Gold Bullion's income statement, its balance sheet, and the statement of cash flows.