PGHD Price To Book vs. One Year Return
Based on the measurements of profitability obtained from PGHD's financial statements, PGHD may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in January. Profitability indicators assess PGHD's ability to earn profits and add value for shareholders.
Check out Your Equity Center 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 rate.
For PGHD profitability analysis, we use financial ratios and fundamental drivers that measure the ability of PGHD to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well PGHD utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between PGHD's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of PGHD over time as well as its relative position and ranking within its peers.
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The market value of PGHD is measured differently than its book value, which is the value of PGHD that is recorded on the company's balance sheet. Investors also form their own opinion of PGHD's value that differs from its market value or its book value, called intrinsic value, which is PGHD'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 PGHD's market value can be influenced by many factors that don't directly affect PGHD'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 PGHD's value and its price as these two are different measures arrived at by different means. Investors typically determine if PGHD is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PGHD'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.
PGHD One Year Return vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining PGHD's current stock value. Our valuation model uses many indicators to compare PGHD value to that of its competitors to determine the firm's financial worth. PGHD is rated number one ETF in price to book as compared to similar ETFs. It is rated below average in one year return as compared to similar ETFs . Comparative valuation analysis is a catch-all technique that is used if you cannot value PGHD 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.PGHD One Year Return vs. Price To Book
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.
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| = | 2.06 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.
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
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| = | (0.98) % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
PGHD One Year Return Comparison
PGHD is currently under evaluation in one year return as compared to similar ETFs.
PGHD Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in PGHD, profitability is also one of the essential criteria for including it into their portfolios because, without profit, PGHD will eventually generate negative long term returns. The profitability progress is the general direction of PGHD's change in net profit over the period of time. It can combine multiple indicators of PGHD, 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 track the total return performance, before fees and expenses, of the Pacer Global Cash Cows Dividend Index. Etf is traded on BATS Exchange in USA.
PGHD Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on PGHD. 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 PGHD 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 PGHD's important profitability drivers and their relationship over time.
| Price To Book vs Price To Earning | ||
| Price To Sales vs One Year Return | ||
| Price To Book vs Net Asset | ||
| Equity Positions Weight vs One Year Return |
Use PGHD 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 PGHD 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 PGHD will appreciate offsetting losses from the drop in the long position's value.PGHD Pair Trading
PGHD Pair Trading Analysis
The ability to find closely correlated positions to Kohls Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kohls Corp 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 Kohls Corp - 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 Kohls Corp to buy it.
The correlation of Kohls Corp 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 Kohls Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kohls Corp 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 Kohls Corp 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 PGHD position
In addition to having PGHD 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 Corporate Bonds Funds Thematic Idea Now
Corporate Bonds Funds
Funds or Etfs investing in different types of corporate debt instruments. The Corporate Bonds Funds theme has 45 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 Corporate Bonds Funds Theme or any other thematic opportunities.
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Check out Your Equity Center 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 rate. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Other Tools for PGHD Etf
When running PGHD's price analysis, check to measure PGHD's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy PGHD is operating at the current time. Most of PGHD's value examination focuses on studying past and present price action to predict the probability of PGHD's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PGHD's price. Additionally, you may evaluate how the addition of PGHD to your portfolios can decrease your overall portfolio volatility.
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