IHIT Five Year Return vs. Price To Book
| IHIT Etf | USD 7.45 0.09 1.19% |
For IHIT profitability analysis, we use financial ratios and fundamental drivers that measure the ability of IHIT to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well IHIT utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between IHIT's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of IHIT over time as well as its relative position and ranking within its peers.
IHIT |
The market value of IHIT is measured differently than its book value, which is the value of IHIT that is recorded on the company's balance sheet. Investors also form their own opinion of IHIT's value that differs from its market value or its book value, called intrinsic value, which is IHIT'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 IHIT's market value can be influenced by many factors that don't directly affect IHIT'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 IHIT's value and its price as these two are different measures arrived at by different means. Investors typically determine if IHIT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IHIT'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.
IHIT Price To Book vs. Five Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining IHIT's current stock value. Our valuation model uses many indicators to compare IHIT value to that of its competitors to determine the firm's financial worth. IHIT is rated second overall ETF in five year return as compared to similar ETFs. It is considered the top ETF in price to book as compared to similar ETFs . Comparative valuation analysis is a catch-all technique that is used if you cannot value IHIT 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.IHIT 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.
IHIT |
| = | (1.39) % |
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.
IHIT |
| = | 1.02 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.
IHIT Price To Book Comparison
IHIT is currently under evaluation in price to book as compared to similar ETFs.
IHIT Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in IHIT, profitability is also one of the essential criteria for including it into their portfolios because, without profit, IHIT will eventually generate negative long term returns. The profitability progress is the general direction of IHIT's change in net profit over the period of time. It can combine multiple indicators of IHIT, 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.
Invesco High Income 2023 Target Term Fund is a closed ended fixed income mutual fund launched and managed by Invesco Advisers, Inc. Invesco High is listed under Asset Management in the United States and is traded on New York Stock Exchange exchange.
IHIT Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on IHIT. 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 IHIT 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 IHIT's important profitability drivers and their relationship over time.
Use IHIT 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 IHIT 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 IHIT will appreciate offsetting losses from the drop in the long position's value.IHIT Pair Trading
IHIT Pair Trading Analysis
The ability to find closely correlated positions to IHIT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IHIT 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 IHIT - 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 IHIT to buy it.
The correlation of IHIT 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 IHIT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IHIT 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 IHIT 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 IHIT position
In addition to having IHIT 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 Electronics Thematic Idea Now
Electronics
Companies manufacturing electronic appliances and goods. The Electronics theme has 37 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 Electronics Theme or any other thematic opportunities.
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Check out Risk vs Return Analysis 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 gross domestic product. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
To fully project IHIT's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of IHIT 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 IHIT's income statement, its balance sheet, and the statement of cash flows.