SoFi Next Three Year Return vs. Net Asset
| SFYX Etf | USD 15.79 0.11 0.70% |
For SoFi Next profitability analysis, we use financial ratios and fundamental drivers that measure the ability of SoFi Next to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well SoFi Next 500 utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between SoFi Next's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of SoFi Next 500 over time as well as its relative position and ranking within its peers.
SoFi |
The market value of SoFi Next 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 Next's value that differs from its market value or its book value, called intrinsic value, which is SoFi Next'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 Next's market value can be influenced by many factors that don't directly affect SoFi Next'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 Next's value and its price as these two are different measures arrived at by different means. Investors typically determine if SoFi Next is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SoFi Next'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 Next 500 Net Asset vs. Three Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining SoFi Next's current stock value. Our valuation model uses many indicators to compare SoFi Next value to that of its competitors to determine the firm's financial worth. SoFi Next 500 is presently regarded as number one ETF in three year return as compared to similar ETFs. It also is presently regarded as number one ETF in net asset as compared to similar ETFs making up about 9,355,319 of Net Asset per Three Year Return. 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 Next's earnings, one of the primary drivers of an investment's value.SoFi Net Asset vs. Three Year Return
Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
SoFi Next |
| = | 4.70 % |
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
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.
SoFi Next |
| = | 43.97 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.
SoFi Net Asset Comparison
SoFi Next is currently under evaluation in net asset as compared to similar ETFs.
SoFi Next Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in SoFi Next, profitability is also one of the essential criteria for including it into their portfolios because, without profit, SoFi Next will eventually generate negative long term returns. The profitability progress is the general direction of SoFi Next's change in net profit over the period of time. It can combine multiple indicators of SoFi Next, 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 Next 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 Next. 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 Next 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 Next's important profitability drivers and their relationship over time.
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Use SoFi Next 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 Next 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 Next will appreciate offsetting losses from the drop in the long position's value.SoFi Next Pair Trading
SoFi Next 500 Pair Trading Analysis
The ability to find closely correlated positions to SoFi Next 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 Next 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 Next - 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 Next 500 to buy it.
The correlation of SoFi Next 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 Next moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SoFi Next 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 Next 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 Next position
In addition to having SoFi Next 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 Aggressive Funds Thematic Idea Now
Aggressive Funds
Funds or Etfs that attempt to achieve high capital gains by investing in companies with high growth potential and above average risk. The Aggressive Funds theme has 42 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 Aggressive Funds Theme or any other thematic opportunities.
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Check out World Market Map. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
To fully project SoFi Next's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of SoFi Next 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 Next's income statement, its balance sheet, and the statement of cash flows.