RBC Banks Beta vs. One Year Return
| RUBY Etf | CAD 26.65 0.48 1.83% |
For RBC Banks profitability analysis, we use financial ratios and fundamental drivers that measure the ability of RBC Banks to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well RBC Banks Yield utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between RBC Banks's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of RBC Banks Yield over time as well as its relative position and ranking within its peers.
RBC |
RBC Banks Yield One Year Return vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining RBC Banks's current stock value. Our valuation model uses many indicators to compare RBC Banks value to that of its competitors to determine the firm's financial worth. RBC Banks Yield is presently regarded as number one ETF in beta as compared to similar ETFs. It also is presently regarded as number one ETF in one year return as compared to similar ETFs reporting about 43.09 of One Year Return per Beta. Comparative valuation analysis is a catch-all model that can be used if you cannot value RBC Banks by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for RBC Banks' 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.RBC One Year Return vs. Beta
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.
RBC Banks |
| = | 1.62 |
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.
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.
RBC Banks |
| = | 69.80 % |
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.
RBC One Year Return Comparison
RBC Banks is currently under evaluation in one year return as compared to similar ETFs.
Beta Analysis
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, RBC Banks will likely underperform.
RBC Banks Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in RBC Banks, profitability is also one of the essential criteria for including it into their portfolios because, without profit, RBC Banks will eventually generate negative long term returns. The profitability progress is the general direction of RBC Banks' change in net profit over the period of time. It can combine multiple indicators of RBC Banks, 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.
Banks Yield Index ETF seeks to replicate, to the extent possible and before fees and expenses, the performance of a U.S. bank stocks index. RBC US is traded on Toronto Stock Exchange in Canada.
RBC Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on RBC Banks. 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 RBC Banks 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 RBC Banks' important profitability drivers and their relationship over time.
| Beta vs Three Year Return | ||
| Five Year Return vs One Year Return | ||
| Beta vs Last Dividend Paid | ||
| Equity Positions Weight vs One Year Return |
Use RBC Banks 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 RBC Banks 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 RBC Banks will appreciate offsetting losses from the drop in the long position's value.RBC Banks Pair Trading
RBC Banks Yield Pair Trading Analysis
The ability to find closely correlated positions to RBC Banks could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RBC Banks 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 RBC Banks - 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 RBC Banks Yield to buy it.
The correlation of RBC Banks 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 RBC Banks moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RBC Banks Yield 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 RBC Banks 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 RBC Banks position
In addition to having RBC Banks 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 Business Services Thematic Idea Now
Business Services
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Business Services 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 Business Services Theme or any other thematic opportunities.
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Other Information on Investing in RBC Etf
To fully project RBC Banks' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of RBC Banks Yield 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 RBC Banks' income statement, its balance sheet, and the statement of cash flows.