The Covered Financials
We advise to exercise The Covered fundamental analysis to find out if markets are presently mispricing the entity. In other words this technique allows you to confirm available indicators of Ered Bridge as well as the relationship between them. We were able to analyze fifteen available drivers for The Ered Bridge, which can be compared to its competition.
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Please note that past performance is not an indicator of the future performance of The Covered, its manager's success, or the effectiveness of its strategy. The performance results shown here may have been adversely or favorably impacted by events and economic conditions that may not prevail in the future. Therefore, you must use caution to infer that these results indicate any fund, manager, or strategy's future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
The Covered Fund Summary
The Covered competes with Qs Growth, Eip Growth, Crafword Dividend, Pnc International, and Needham Aggressive. The investment seeks current income and realized gains from writing options with capital appreciation as a secondary objective. Covered Bridge is traded on NASDAQ Exchange in the United States.| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| Business Address | Northern Lights |
| Mutual Fund Family | Covered Bridge |
| Mutual Fund Category | Derivative Income |
| Benchmark | NYSE Composite |
| Phone | 855 525 2151 |
| Currency | USD - US Dollar |
You should never invest in The Ered Bridge without having analyzed available financial metrics that contribute to the net asset value (NAV) of the fund. Do not rely on someone else's analysis or guesses about the future performance of The Mutual Fund, because this is throwing your money away. Analyzing the key information contained in The Covered's prospectus and an annual reports, can give you an edge over other investors and help to ensure that your investments perform well for you.
The Covered Key Financial Ratios
Generally speaking, The Covered's financial ratios allow both analysts and investors to convert raw data from The Covered's financial statements into concise, actionable information that can be used to evaluate the performance of The Covered over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Ered Bridge reports annually and quarterly.The Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining The Covered's current stock value. Our valuation model uses many indicators to compare The Covered value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across The Covered competition to find correlations between indicators driving The Covered's intrinsic value. More Info.The Ered Bridge is rated top fund in price to earning among similar funds. It is rated top fund in price to book among similar funds fabricating about 0.13 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for The Ered Bridge is roughly 7.50 . Comparative valuation analysis is a catch-all model that can be used if you cannot value The Covered by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for The Covered's Mutual Fund. 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. 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 The Covered's earnings, one of the primary drivers of an investment's value.Ered Bridge Systematic Risk
The Covered's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. The Covered volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Ered Bridge correlated with the market. If Beta is less than 0 The Covered generally moves in the opposite direction as compared to the market. If The Covered Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Ered Bridge is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of The Covered is generally in the same direction as the market. If Beta > 1 The Covered moves generally in the same direction as, but more than the movement of the benchmark.
The Covered April 24, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of The Covered help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of The Ered Bridge. We use our internally-developed statistical techniques to arrive at the intrinsic value of The Ered Bridge based on widely used predictive technical indicators. In general, we focus on analyzing The Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build The Covered's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.5693 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 3.07 | |||
| Value At Risk | (0.79) | |||
| Potential Upside | 0.8 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in The Ered Bridge. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Ered Bridge information on this page should be used as a complementary analysis to other The Covered's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.