BetaPro NASDAQ Five Year Return vs. Price To Book
| HQD Etf | CAD 10.69 0.05 0.47% |
For BetaPro NASDAQ profitability analysis, we use financial ratios and fundamental drivers that measure the ability of BetaPro NASDAQ to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well BetaPro NASDAQ 100 2x utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between BetaPro NASDAQ's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of BetaPro NASDAQ 100 2x over time as well as its relative position and ranking within its peers.
BetaPro |
BetaPro NASDAQ 100 Price To Book vs. Five Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining BetaPro NASDAQ's current stock value. Our valuation model uses many indicators to compare BetaPro NASDAQ value to that of its competitors to determine the firm's financial worth. BetaPro NASDAQ 100 2x is rated below average in five year return as compared to similar ETFs. It is one of the top ETFs in price to book as compared to similar ETFs . Comparative valuation analysis is a catch-all model that can be used if you cannot value BetaPro NASDAQ by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for BetaPro NASDAQ'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 Price To Book vs. Five Year Return
Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
BetaPro NASDAQ |
| = | (40.10) % |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
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.
BetaPro NASDAQ |
| = | 4.66 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.
BetaPro Price To Book Comparison
BetaPro NASDAQ is currently under evaluation in price to book as compared to similar ETFs.
BetaPro NASDAQ Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in BetaPro NASDAQ, profitability is also one of the essential criteria for including it into their portfolios because, without profit, BetaPro NASDAQ will eventually generate negative long term returns. The profitability progress is the general direction of BetaPro NASDAQ's change in net profit over the period of time. It can combine multiple indicators of BetaPro NASDAQ, 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.
HQD seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times the inverse of the daily performance of the NASDAQ-100 Index. BETAPRO NASDAQ 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 NASDAQ. 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 NASDAQ 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 NASDAQ's important profitability drivers and their relationship over time.
Use BetaPro NASDAQ 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 NASDAQ 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 NASDAQ will appreciate offsetting losses from the drop in the long position's value.BetaPro NASDAQ Pair Trading
BetaPro NASDAQ 100 2x Pair Trading Analysis
The ability to find closely correlated positions to BetaPro NASDAQ 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 NASDAQ 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 NASDAQ - 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 NASDAQ 100 2x to buy it.
The correlation of BetaPro NASDAQ 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 NASDAQ moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BetaPro NASDAQ 100 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 NASDAQ 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 NASDAQ position
In addition to having BetaPro NASDAQ 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 Medical Equipment Thematic Idea Now
Medical Equipment
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Medical Equipment theme has 61 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 Medical Equipment Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in BetaPro Etf
To fully project BetaPro NASDAQ's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of BetaPro NASDAQ 100 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 NASDAQ's income statement, its balance sheet, and the statement of cash flows.