BetaPro SP Price To Earning vs. Ten Year Return
| HFD Etf | CAD 6.15 0.04 0.65% |
For BetaPro SP profitability analysis, we use financial ratios and fundamental drivers that measure the ability of BetaPro SP to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well BetaPro SP TSX utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between BetaPro SP's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of BetaPro SP TSX over time as well as its relative position and ranking within its peers.
BetaPro |
BetaPro SP TSX Ten Year Return vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining BetaPro SP's current stock value. Our valuation model uses many indicators to compare BetaPro SP value to that of its competitors to determine the firm's financial worth. BetaPro SP TSX is rated below average in price to earning as compared to similar ETFs. It is rated # 5 ETF in ten year return as compared to similar ETFs . Comparative valuation analysis is a catch-all model that can be used if you cannot value BetaPro SP by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for BetaPro SP'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.BetaPro Ten Year Return vs. Price To Earning
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.
BetaPro SP |
| = | 12.72 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.
Ten Year Return shows the total annualized return generated from holding a fund for the last 10 years and represents fund's capital appreciation, including dividends losses and capital gains distributions. This return indicator is considered by many investors to be the ultimate measures of fund performance and can reflect the overall performance of the market or market segment it invests in.
BetaPro SP |
| = | (22.80) % |
Although Ten Year Fund Return indicator can give a sense of overall fund long-term potential, it is recommended to compare funds performances against other similar funds or market benchmarks for the same 10-year interval.
BetaPro Ten Year Return Comparison
BetaPro SP is currently under evaluation in ten year return as compared to similar ETFs.
BetaPro SP Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in BetaPro SP, profitability is also one of the essential criteria for including it into their portfolios because, without profit, BetaPro SP will eventually generate negative long term returns. The profitability progress is the general direction of BetaPro SP's change in net profit over the period of time. It can combine multiple indicators of BetaPro SP, 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 investment seeks to replicate, before fees and expenses, twice the inverse of the daily performance of the SPTSX Capped Financials Index. BETAPRO SP is traded on Toronto Stock Exchange in Canada.
BetaPro Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on BetaPro SP. 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 BetaPro SP 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 BetaPro SP's important profitability drivers and their relationship over time.
| Price To Earning vs One Year Return | ||
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| Net Asset vs Ten Year Return | ||
| Price To Earning vs Equity Positions Weight |
Use BetaPro SP 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 BetaPro SP 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 BetaPro SP will appreciate offsetting losses from the drop in the long position's value.BetaPro SP Pair Trading
BetaPro SP TSX Pair Trading Analysis
The ability to find closely correlated positions to BetaPro SP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BetaPro SP 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 BetaPro SP - 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 BetaPro SP TSX to buy it.
The correlation of BetaPro SP 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 BetaPro SP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BetaPro SP TSX 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 BetaPro SP 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 BetaPro SP position
In addition to having BetaPro SP 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 Cleaning Thematic Idea Now
Cleaning
Compnanies producing and distributing cleaning products, supplies, and accessories. The Cleaning theme has 42 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 Cleaning Theme or any other thematic opportunities.
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Other Information on Investing in BetaPro Etf
To fully project BetaPro SP's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of BetaPro SP TSX 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 BetaPro SP's income statement, its balance sheet, and the statement of cash flows.