Technology Ultrasector One Year Return vs. Price To Book
| TEPSX Fund | USD 31.11 0.66 2.08% |
For Technology Ultrasector profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Technology Ultrasector to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Technology Ultrasector Profund utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Technology Ultrasector's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Technology Ultrasector Profund over time as well as its relative position and ranking within its peers.
Technology |
Technology Ultrasector Price To Book vs. One Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Technology Ultrasector's current stock value. Our valuation model uses many indicators to compare Technology Ultrasector value to that of its competitors to determine the firm's financial worth. Technology Ultrasector Profund is rated top fund in one year return among similar funds. It also is rated top fund in price to book among similar funds fabricating about 0.11 of Price To Book per One Year Return. The ratio of One Year Return to Price To Book for Technology Ultrasector Profund is roughly 8.73 . 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 Technology Ultrasector's earnings, one of the primary drivers of an investment's value.Technology Price To Book vs. One Year Return
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.
Technology Ultrasector |
| = | 33.43 % |
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.
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.
Technology Ultrasector |
| = | 3.83 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.
Technology Ultrasector Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Technology Ultrasector, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Technology Ultrasector will eventually generate negative long term returns. The profitability progress is the general direction of Technology Ultrasector's change in net profit over the period of time. It can combine multiple indicators of Technology Ultrasector, 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 invests in financial instruments that the fund Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index includes equity securities of companies from the following GICS industries IT services software communications equipment technology, hardware, storage peripherals electronic equipment, instruments, components and semiconductors semiconductor equipment. The fund is non-diversified.
Technology Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Technology Ultrasector. 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 Technology Ultrasector 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 Technology Ultrasector's important profitability drivers and their relationship over time.
Use Technology Ultrasector 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 Technology Ultrasector 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 Technology Ultrasector will appreciate offsetting losses from the drop in the long position's value.Technology Ultrasector Pair Trading
Technology Ultrasector Profund Pair Trading Analysis
The ability to find closely correlated positions to Technology Ultrasector could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Technology Ultrasector 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 Technology Ultrasector - 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 Technology Ultrasector Profund to buy it.
The correlation of Technology Ultrasector 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 Technology Ultrasector moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Technology Ultrasector 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 Technology Ultrasector 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 Technology Ultrasector position
In addition to having Technology Ultrasector 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?
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Healthcare
Companies that provide healthcare goods and services including hospitals, health maintenance organizations, HMOs, or medical aid manufacturers. The Healthcare theme has 20 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 Healthcare Theme or any other thematic opportunities.
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Other Information on Investing in Technology Mutual Fund
To fully project Technology Ultrasector's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Technology Ultrasector 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 Technology Ultrasector's income statement, its balance sheet, and the statement of cash flows.
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