Tidal ETF Net Asset vs. Beta
| JSTC Etf | USD 18.67 0.04 0.21% |
For Tidal ETF profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Tidal ETF to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Tidal ETF Trust utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Tidal ETF's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Tidal ETF Trust over time as well as its relative position and ranking within its peers.
Tidal |
The market value of Tidal ETF Trust is measured differently than its book value, which is the value of Tidal that is recorded on the company's balance sheet. Investors also form their own opinion of Tidal ETF's value that differs from its market value or its book value, called intrinsic value, which is Tidal ETF'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 Tidal ETF's market value can be influenced by many factors that don't directly affect Tidal ETF'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 Tidal ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tidal ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tidal ETF'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.
Tidal ETF Trust Beta vs. Net Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Tidal ETF's current stock value. Our valuation model uses many indicators to compare Tidal ETF value to that of its competitors to determine the firm's financial worth. Tidal ETF Trust is considered the top ETF in net asset as compared to similar ETFs. It also is considered the top ETF in beta as compared to similar ETFs . The ratio of Net Asset to Beta for Tidal ETF Trust is about 90,051,020 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Tidal ETF's earnings, one of the primary drivers of an investment's value.Tidal Beta vs. Net Asset
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.
Tidal ETF |
| = | 88.25 M |
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.
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.
Tidal ETF |
| = | 0.98 |
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.
Tidal Beta Comparison
Tidal ETF is currently under evaluation in beta as compared to similar ETFs.
Beta Analysis
Tidal ETF returns are very sensitive to returns on the market. As the market goes up or down, Tidal ETF is expected to follow.
Tidal ETF Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Tidal ETF, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Tidal ETF will eventually generate negative long term returns. The profitability progress is the general direction of Tidal ETF's change in net profit over the period of time. It can combine multiple indicators of Tidal ETF, 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 is an actively-managed exchange-traded fund that seeks to achieve its investment objective by investing the funds assets in a portfolio of global companies whose business practices are aligned with the social justice investment criteria of sub-adviser. Adasina Social is traded on NYSEARCA Exchange in the United States.
Tidal Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Tidal ETF. 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 Tidal ETF 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 Tidal ETF's important profitability drivers and their relationship over time.
Learn to be your own money manager
Our tools can tell you how much better you can do entering a position in Tidal ETF without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Use Investing Themes to Complement your Tidal ETF position
In addition to having Tidal ETF 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 Gold and Gold Mining Thematic Idea Now
Gold and Gold Mining
Large and mid-size companies, ETFs and funds that are either investing, exploring or producing, gold or indirectly involved in trading or making gold products. The Gold and Gold Mining theme has 73 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 Gold and Gold Mining Theme or any other thematic opportunities.
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Check out Risk vs Return Analysis. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
To fully project Tidal ETF's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Tidal ETF Trust 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 Tidal ETF's income statement, its balance sheet, and the statement of cash flows.