First Asset Price To Earning vs. Beta
| ZXM Etf | CAD 42.42 0.24 0.57% |
For First Asset profitability analysis, we use financial ratios and fundamental drivers that measure the ability of First Asset to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well First Asset Morningstar utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between First Asset's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of First Asset Morningstar over time as well as its relative position and ranking within its peers.
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First Asset Morningstar Beta vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining First Asset's current stock value. Our valuation model uses many indicators to compare First Asset value to that of its competitors to determine the firm's financial worth. First Asset Morningstar is rated first in price to earning as compared to similar ETFs. It is rated first in beta as compared to similar ETFs totaling about 0.06 of Beta per Price To Earning. The ratio of Price To Earning to Beta for First Asset Morningstar is roughly 16.22 . Comparative valuation analysis is a catch-all model that can be used if you cannot value First Asset by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for First Asset's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.First Beta vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
First Asset |
| = | 14.60 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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.
First Asset |
| = | 0.9 |
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.
First Beta Comparison
First Asset is currently under evaluation in beta as compared to similar ETFs.
Beta Analysis
First Asset returns are very sensitive to returns on the market. As the market goes up or down, First Asset is expected to follow.
First Asset Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in First Asset, profitability is also one of the essential criteria for including it into their portfolios because, without profit, First Asset will eventually generate negative long term returns. The profitability progress is the general direction of First Asset's change in net profit over the period of time. It can combine multiple indicators of First Asset, 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 ETF has been designed to replicate, to the extent possible, the performance of the Morningstar Developed Markets ex-North America Target Momentum Index, net of expenses. CI FA is traded on Toronto Stock Exchange in Canada.
First Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on First Asset. 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 First Asset 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 First Asset's important profitability drivers and their relationship over time.
Learn to be your own money manager
Our tools can tell you how much better you can do entering a position in First Asset without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Correlation AnalysisReduce portfolio risk simply by holding instruments which are not perfectly correlated |
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Use Investing Themes to Complement your First Asset position
In addition to having First Asset 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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Cash Cows
Entities with stable and reliable earnings or profits, which allows them to pay consistent dividends to their shareholders. The Cash Cows theme has 25 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 Cash Cows Theme or any other thematic opportunities.
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Other Information on Investing in First Etf
To fully project First Asset's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of First Asset Morningstar 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 First Asset's income statement, its balance sheet, and the statement of cash flows.