SoFi Select Equity Positions Weight vs. Beta
| SFY Etf | USD 111.66 0.88 0.79% |
For SoFi Select profitability analysis, we use financial ratios and fundamental drivers that measure the ability of SoFi Select to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well SoFi Select 500 utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between SoFi Select's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of SoFi Select 500 over time as well as its relative position and ranking within its peers.
SoFi |
The market value of SoFi Select 500 is measured differently than its book value, which is the value of SoFi that is recorded on the company's balance sheet. Investors also form their own opinion of SoFi Select's value that differs from its market value or its book value, called intrinsic value, which is SoFi Select'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 SoFi Select's market value can be influenced by many factors that don't directly affect SoFi Select'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 SoFi Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if SoFi Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SoFi Select'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.
SoFi Select 500 Beta vs. Equity Positions Weight Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining SoFi Select's current stock value. Our valuation model uses many indicators to compare SoFi Select value to that of its competitors to determine the firm's financial worth. SoFi Select 500 is presently regarded as number one ETF in equity positions weight as compared to similar ETFs. It also is presently regarded as number one ETF in beta as compared to similar ETFs totaling about 0.01 of Beta per Equity Positions Weight. The ratio of Equity Positions Weight to Beta for SoFi Select 500 is roughly 94.05 . 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 SoFi Select's earnings, one of the primary drivers of an investment's value.SoFi Beta vs. Equity Positions Weight
Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
SoFi Select |
| = | 99.69 % |
Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
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.
SoFi Select |
| = | 1.06 |
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.
SoFi Beta Comparison
SoFi Select is currently under evaluation in beta as compared to similar ETFs.
Beta Analysis
SoFi Select returns are very sensitive to returns on the market. As the market goes up or down, SoFi Select is expected to follow.
SoFi Select Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in SoFi Select, profitability is also one of the essential criteria for including it into their portfolios because, without profit, SoFi Select will eventually generate negative long term returns. The profitability progress is the general direction of SoFi Select's change in net profit over the period of time. It can combine multiple indicators of SoFi Select, 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.
Under normal circumstances, at least 80 percent of the funds total assets will be invested in the component securities of the index. Sofi Select is traded on NYSEARCA Exchange in the United States.
SoFi Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on SoFi Select. 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 SoFi Select 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 SoFi Select's important profitability drivers and their relationship over time.
Use SoFi Select 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 SoFi Select 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 SoFi Select will appreciate offsetting losses from the drop in the long position's value.SoFi Select Pair Trading
SoFi Select 500 Pair Trading Analysis
The ability to find closely correlated positions to SoFi Select could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SoFi Select 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 SoFi Select - 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 SoFi Select 500 to buy it.
The correlation of SoFi Select 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 SoFi Select moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SoFi Select 500 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 SoFi Select 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 SoFi Select position
In addition to having SoFi Select 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 Large Cap ETFs Thematic Idea Now
Large Cap ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Large Cap ETFs theme has 676 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 Large Cap ETFs Theme or any other thematic opportunities.
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Check out World Market Map. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
To fully project SoFi Select's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of SoFi Select 500 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 SoFi Select's income statement, its balance sheet, and the statement of cash flows.