GraniteShares 15x Price To Earning vs. Price To Book
| NVDL Etf | USD 69.69 6.40 8.41% |
For GraniteShares 15x profitability analysis, we use financial ratios and fundamental drivers that measure the ability of GraniteShares 15x to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well GraniteShares 15x Long utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between GraniteShares 15x's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of GraniteShares 15x Long over time as well as its relative position and ranking within its peers.
GraniteShares |
The market value of GraniteShares 15x Long is measured differently than its book value, which is the value of GraniteShares that is recorded on the company's balance sheet. Investors also form their own opinion of GraniteShares 15x's value that differs from its market value or its book value, called intrinsic value, which is GraniteShares 15x'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 GraniteShares 15x's market value can be influenced by many factors that don't directly affect GraniteShares 15x'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 GraniteShares 15x's value and its price as these two are different measures arrived at by different means. Investors typically determine if GraniteShares 15x is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GraniteShares 15x'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.
GraniteShares 15x Long Price To Book vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining GraniteShares 15x's current stock value. Our valuation model uses many indicators to compare GraniteShares 15x value to that of its competitors to determine the firm's financial worth. GraniteShares 15x Long is rated number one ETF in price to earning as compared to similar ETFs. It also is rated number one 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 GraniteShares 15x 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.GraniteShares Price To Book 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.
GraniteShares 15x |
| = | (0.91) 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.
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.
GraniteShares 15x |
| = | (3.12) 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.
GraniteShares 15x Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in GraniteShares 15x, profitability is also one of the essential criteria for including it into their portfolios because, without profit, GraniteShares 15x will eventually generate negative long term returns. The profitability progress is the general direction of GraniteShares 15x's change in net profit over the period of time. It can combine multiple indicators of GraniteShares 15x, 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.
NovaDel Pharma Inc., a specialty pharmaceutical company, develops oral spray formulations for marketed pharmaceuticals.
GraniteShares Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on GraniteShares 15x. 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 GraniteShares 15x 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 GraniteShares 15x's important profitability drivers and their relationship over time.
Use GraniteShares 15x 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 GraniteShares 15x 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 GraniteShares 15x will appreciate offsetting losses from the drop in the long position's value.GraniteShares 15x Pair Trading
GraniteShares 15x Long Pair Trading Analysis
The ability to find closely correlated positions to GraniteShares 15x could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GraniteShares 15x 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 GraniteShares 15x - 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 GraniteShares 15x Long to buy it.
The correlation of GraniteShares 15x 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 GraniteShares 15x moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GraniteShares 15x Long 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 GraniteShares 15x 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 GraniteShares 15x position
In addition to having GraniteShares 15x 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 Munis Funds Thematic Idea Now
Munis Funds
Funds or Etfs that invest in fixed income securities issued by states, cities, and towns as well as other public entities. The Munis Funds theme has 38 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 Munis Funds Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Correlation Analysis. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
To fully project GraniteShares 15x's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of GraniteShares 15x Long 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 GraniteShares 15x's income statement, its balance sheet, and the statement of cash flows.