Technical Data - news.stocktradersdaily.com
| GLDX Etf | USD 36.39 0.00 0.00% |
Slightly above 56% of USCF Gold's investor base is looking to short. The current sentiment regarding investing in USCF Gold Strategy etf implies that many traders are alarmed. USCF Gold's investing sentiment can be driven by a variety of factors including economic data, USCF Gold's earnings reports, geopolitical events, and overall market trends.
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USCF Gold Fundamental Analysis
We analyze USCF Gold's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of USCF Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of USCF Gold 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.
Price To Sales
Price To Sales Comparative Analysis
USCF Gold is currently under evaluation in price to sales as compared to similar ETFs. Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
USCF Gold Strategy Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with USCF Gold etf to make a market-neutral strategy. Peer analysis of USCF Gold could also be used in its relative valuation, which is a method of valuing USCF Gold by comparing valuation metrics with similar companies.
Peers
USCF Gold Related Equities
| RING | IShares MSCI | 0.90 |
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| GDXJ | VanEck Junior | 0.90 |
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| SIL | Global X | 1.06 |
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| SGDM | Sprott Gold | 1.42 |
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Check out USCF Gold Hype Analysis, USCF Gold Correlation and USCF Gold Performance. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
The market value of USCF Gold Strategy is measured differently than its book value, which is the value of USCF that is recorded on the company's balance sheet. Investors also form their own opinion of USCF Gold's value that differs from its market value or its book value, called intrinsic value, which is USCF Gold'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 USCF Gold's market value can be influenced by many factors that don't directly affect USCF Gold'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 USCF Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if USCF Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, USCF Gold'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.