Brompton European Dividend Etf Fundamentals
| EDGF Etf | CAD 10.40 0.09 0.86% |
Brompton European Dividend fundamentals help investors to digest information that contributes to Brompton European's financial success or failures. It also enables traders to predict the movement of Brompton Etf. The fundamental analysis module provides a way to measure Brompton European's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Brompton European etf.
Brompton |
Brompton European Dividend ETF Beta Analysis
Brompton European's 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.
Current Brompton European Beta | 0.98 |
Most of Brompton European's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Brompton European Dividend is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
In accordance with the recently published financial statements, Brompton European Dividend has a Beta of 0.98. This is much higher than that of the family and significantly higher than that of the Beta category. The beta for all Canada etfs is notably lower than that of the firm.
Brompton Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Brompton European's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Brompton European could also be used in its relative valuation, which is a method of valuing Brompton European by comparing valuation metrics of similar companies.Brompton European is currently under evaluation in beta as compared to similar ETFs.
Brompton European returns are very sensitive to returns on the market. As the market goes up or down, Brompton European is expected to follow.
About Brompton European Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Brompton European Dividend's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Brompton European using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Brompton European Dividend based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.Brompton European is entity of Canada. It is traded as Etf on TO exchange.
Pair Trading with Brompton European
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 Brompton European 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 Brompton European will appreciate offsetting losses from the drop in the long position's value.Moving together with Brompton Etf
| 0.91 | XIU | iShares SPTSX 60 | PairCorr |
| 0.78 | XSP | iShares Core SP | PairCorr |
| 0.91 | XIC | iShares Core SPTSX | PairCorr |
The ability to find closely correlated positions to Brompton European could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brompton European 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 Brompton European - 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 Brompton European Dividend to buy it.
The correlation of Brompton European 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 Brompton European moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brompton European 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 Brompton European 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Brompton European Dividend. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Please note, there is a significant difference between Brompton European's value and its price as these two are different measures arrived at by different means. Investors typically determine if Brompton European is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Brompton European'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.