Vanguard Health Beta vs. Net Asset
| VHT Etf | USD 272.24 0.86 0.32% |
For Vanguard Health profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Vanguard Health to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Vanguard Health Care utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Vanguard Health's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Vanguard Health Care over time as well as its relative position and ranking within its peers.
Vanguard |
The market value of Vanguard Health Care is measured differently than its book value, which is the value of Vanguard that is recorded on the company's balance sheet. Investors also form their own opinion of Vanguard Health's value that differs from its market value or its book value, called intrinsic value, which is Vanguard Health'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 Vanguard Health's market value can be influenced by many factors that don't directly affect Vanguard Health'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 Vanguard Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vanguard Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vanguard Health'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.
Vanguard Health Care Net Asset vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Vanguard Health's current stock value. Our valuation model uses many indicators to compare Vanguard Health value to that of its competitors to determine the firm's financial worth. Vanguard Health Care is rated first in beta as compared to similar ETFs. It is rated first in net asset as compared to similar ETFs making up about 25,323,943,662 of Net Asset per Beta. Comparative valuation analysis is a catch-all technique that is used if you cannot value Vanguard Health by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Vanguard Net Asset vs. Beta
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.
Vanguard Health |
| = | 0.71 |
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.
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.
Vanguard Health |
| = | 17.98 B |
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.
Vanguard Net Asset Comparison
Vanguard Health is currently under evaluation in net asset as compared to similar ETFs.
Beta Analysis
As returns on the market increase, Vanguard Health's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vanguard Health is expected to be smaller as well.
Vanguard Health Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Vanguard Health, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Vanguard Health will eventually generate negative long term returns. The profitability progress is the general direction of Vanguard Health's change in net profit over the period of time. It can combine multiple indicators of Vanguard Health, 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 employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index Health Care 2550, an index made up of stocks of large, mid-size, and small U.S. companies within the health care sector, as classified under the Global Industry Classification Standard . Healthcare ETF is traded on NYSEARCA Exchange in the United States.
Vanguard Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Vanguard Health. 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 Vanguard Health 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 Vanguard Health's important profitability drivers and their relationship over time.
Use Vanguard Health 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 Vanguard Health 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 Vanguard Health will appreciate offsetting losses from the drop in the long position's value.Vanguard Health Pair Trading
Vanguard Health Care Pair Trading Analysis
The ability to find closely correlated positions to Vanguard Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vanguard Health 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 Vanguard Health - 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 Vanguard Health Care to buy it.
The correlation of Vanguard Health 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 Vanguard Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vanguard Health Care 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 Vanguard Health 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 Vanguard Health position
In addition to having Vanguard Health 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 Alcohol Thematic Idea Now
Alcohol
Companies involved in production and distribution of wines and alcoholic beverages. The Alcohol theme has 38 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 Alcohol Theme or any other thematic opportunities.
| View All Next | Launch |
Check out World Market Map. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
To fully project Vanguard Health's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Vanguard Health Care 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 Vanguard Health's income statement, its balance sheet, and the statement of cash flows.