Sp Smallcap Price To Book vs. Price To Sales
| SMLKX Fund | USD 24.14 0.40 1.63% |
For Sp Smallcap profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Sp Smallcap to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Sp Smallcap Index utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Sp Smallcap's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Sp Smallcap Index over time as well as its relative position and ranking within its peers.
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Sp Smallcap Index Price To Sales vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Sp Smallcap's current stock value. Our valuation model uses many indicators to compare Sp Smallcap value to that of its competitors to determine the firm's financial worth. Sp Smallcap Index is rated top fund in price to book among similar funds. It also is rated top fund in price to sales among similar funds fabricating about 0.52 of Price To Sales per Price To Book. The ratio of Price To Book to Price To Sales for Sp Smallcap Index is roughly 1.93 . 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 Sp Smallcap's earnings, one of the primary drivers of an investment's value.SMLKX Price To Sales 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.
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
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| = | 1.07 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
SMLKX Price To Sales Comparison
Sp Smallcap is currently under evaluation in price to sales among similar funds.
Sp Smallcap Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Sp Smallcap, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Sp Smallcap will eventually generate negative long term returns. The profitability progress is the general direction of Sp Smallcap's change in net profit over the period of time. It can combine multiple indicators of Sp Smallcap, 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 SP SmallCap 600 Index includes common stocks of 600 small U.S. companies from a broad range of industries. The fund is passively managed. It invests primarily in the stocks that make up the SP SmallCap 600 Index so that the weighting of each stock in the portfolio approximates the index. The funds policy to invest at least 80 percent of its total assets in the underlying stocks.
SMLKX Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Sp Smallcap. 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 Sp Smallcap 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 Sp Smallcap's important profitability drivers and their relationship over time.
Use Sp Smallcap 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 Sp Smallcap 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 Sp Smallcap will appreciate offsetting losses from the drop in the long position's value.Sp Smallcap Pair Trading
Sp Smallcap Index Pair Trading Analysis
The ability to find closely correlated positions to Sp Smallcap could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sp Smallcap 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 Sp Smallcap - 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 Sp Smallcap Index to buy it.
The correlation of Sp Smallcap 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 Sp Smallcap moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sp Smallcap Index 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 Sp Smallcap 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 Sp Smallcap position
In addition to having Sp Smallcap 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 Construction Thematic Idea Now
Construction
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Construction 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 Construction Theme or any other thematic opportunities.
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Other Information on Investing in SMLKX Mutual Fund
To fully project Sp Smallcap's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Sp Smallcap Index 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 Sp Smallcap's income statement, its balance sheet, and the statement of cash flows.
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