Spirit Of Three Year Return vs. Cash Position Weight
| SOIMX Fund | USD 8.63 0.01 0.12% |
For Spirit Of profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Spirit Of to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Spirit Of America utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Spirit Of's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Spirit Of America over time as well as its relative position and ranking within its peers.
Spirit |
Spirit Of America Cash Position Weight vs. Three Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Spirit Of's current stock value. Our valuation model uses many indicators to compare Spirit Of value to that of its competitors to determine the firm's financial worth. Spirit Of America is rated top fund in three year return among similar funds. It also is rated top fund in cash position weight among similar funds creating about 0.12 of Cash Position Weight per Three Year Return. The ratio of Three Year Return to Cash Position Weight for Spirit Of America is roughly 8.41 . 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 Spirit Of's earnings, one of the primary drivers of an investment's value.Spirit Cash Position Weight 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.
Spirit Of |
| = | 2.86 % |
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.
Percentage of fund asset invested in cash equivalents or risk-free instruments. About 40% of all global funds carry cash on their balance sheet.
Spirit Of |
| = | 0.34 % |
Funds or ETFs that have over 40% of their value invested in low-risk instruments or cash equivalents typically attract conservative investors.
Spirit Cash Position Weight Comparison
Spirit Of is currently under evaluation in cash position weight among similar funds.
Spirit Of Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Spirit Of, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Spirit Of will eventually generate negative long term returns. The profitability progress is the general direction of Spirit Of's change in net profit over the period of time. It can combine multiple indicators of Spirit Of, 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 fund normally invests at least 80 percent of its assets in municipal bonds that are exempt from federal income tax, including the alternative minimum tax. The advisor intends to invest a substantial portion of its assets in high yield municipal bonds and private activity bonds. It may also invest a portion of its total assets in municipal bonds that finance projects such as those relating to utilities, transportation, health care, housing and education, and a portion of its total assets in industrial development bonds.
Spirit Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Spirit Of. 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 Spirit Of 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 Spirit Of's important profitability drivers and their relationship over time.
| Three Year Return vs One Year Return | ||
| Five Year Return vs Cash Position Weight | ||
| Three Year Return vs Ten Year Return | ||
| Net Asset vs Cash Position Weight | ||
| Three Year Return vs Last Dividend Paid |
Use Spirit Of 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 Spirit Of 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 Spirit Of will appreciate offsetting losses from the drop in the long position's value.Spirit Of Pair Trading
Spirit Of America Pair Trading Analysis
The ability to find closely correlated positions to Spirit Of could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spirit Of 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 Spirit Of - 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 Spirit Of America to buy it.
The correlation of Spirit Of 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 Spirit Of moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spirit Of America 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 Spirit Of 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 Spirit Of position
In addition to having Spirit Of 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 Compulsion Thematic Idea Now
Compulsion
Companies involved in research, development, and manufacturing of products with compulsion characteristics such as cigarettes, addictive drugs and alcohol. The Compulsion theme has 40 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 Compulsion Theme or any other thematic opportunities.
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Other Information on Investing in Spirit Mutual Fund
To fully project Spirit Of's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Spirit Of America 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 Spirit Of's income statement, its balance sheet, and the statement of cash flows.
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