Blackrock Floating Rate Etf Price To Sales
| BGT Etf | USD 12.91 0.08 0.62% |
BlackRock Floating Rate fundamentals help investors to digest information that contributes to BlackRock Floating's financial success or failures. It also enables traders to predict the movement of BlackRock Etf. The fundamental analysis module provides a way to measure BlackRock Floating'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 BlackRock Floating etf.
BlackRock |
BlackRock Floating Rate ETF Price To Sales Analysis
BlackRock Floating's 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.
Current BlackRock Floating Price To Sales | 12.60 X |
Most of BlackRock Floating's fundamental indicators, such as Price To Sales, 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, BlackRock Floating Rate is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
| Competition |
Based on the latest financial disclosure, BlackRock Floating Rate has a Price To Sales of 12.6 times. This is much higher than that of the Financial Services family and significantly higher than that of the Asset Management category. The price to sales for all United States etfs is notably lower than that of the firm.
BlackRock Price To Sales Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses BlackRock Floating's direct or indirect competition against its Price To Sales to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of BlackRock Floating could also be used in its relative valuation, which is a method of valuing BlackRock Floating by comparing valuation metrics of similar companies.BlackRock Floating is currently under evaluation in price to sales as compared to similar ETFs.
BlackRock Fundamentals
| Return On Equity | -5.63 | |||
| Return On Asset | 2.33 | |||
| Profit Margin | (81.36) % | |||
| Operating Margin | 82.19 % | |||
| Current Valuation | 370.63 M | |||
| Shares Outstanding | 22.36 M | |||
| Shares Owned By Institutions | 33.96 % | |||
| Number Of Shares Shorted | 21.5 K | |||
| Price To Earning | 93.42 X | |||
| Price To Book | 0.84 X | |||
| Price To Sales | 12.60 X | |||
| Revenue | 19.89 M | |||
| Gross Profit | 19.49 M | |||
| Net Income | (16.18 M) | |||
| Cash And Equivalents | 881.28 K | |||
| Cash Per Share | 0.04 X | |||
| Total Debt | 127 M | |||
| Debt To Equity | 0.47 % | |||
| Current Ratio | 0.06 X | |||
| Book Value Per Share | 13.40 X | |||
| Cash Flow From Operations | 20.97 M | |||
| Short Ratio | 0.23 X | |||
| Earnings Per Share | 0.12 X | |||
| Number Of Employees | 20 | |||
| Beta | 0.62 | |||
| Market Capitalization | 260.59 M | |||
| Annual Yield | 0 % | |||
| Year To Date Return | 3.09 % | |||
| One Year Return | 12.80 % | |||
| Three Year Return | 6.34 % | |||
| Five Year Return | 5.44 % | |||
| Last Dividend Paid | 0.94 |
About BlackRock Floating Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze BlackRock Floating Rate's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of BlackRock Floating using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of BlackRock Floating Rate 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards BlackRock Floating in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, BlackRock Floating's short interest history, or implied volatility extrapolated from BlackRock Floating options trading.
Pair Trading with BlackRock Floating
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 BlackRock Floating 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 BlackRock Floating will appreciate offsetting losses from the drop in the long position's value.Moving together with BlackRock Etf
| 0.88 | SHLD | Global X Funds | PairCorr |
Moving against BlackRock Etf
| 0.7 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
| 0.66 | HUM | Humana Inc Financial Report 7th of August 2024 | PairCorr |
| 0.58 | FNGD | MicroSectors FANG Index | PairCorr |
| 0.5 | MCD | McDonalds Sell-off Trend | PairCorr |
The ability to find closely correlated positions to BlackRock Floating could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BlackRock Floating 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 BlackRock Floating - 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 BlackRock Floating Rate to buy it.
The correlation of BlackRock Floating 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 BlackRock Floating moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BlackRock Floating Rate 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 BlackRock Floating 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 BlackRock Floating Piotroski F Score and BlackRock Floating Altman Z Score analysis. Note that the BlackRock Floating Rate information on this page should be used as a complementary analysis to other BlackRock Floating'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 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.
The market value of BlackRock Floating Rate is measured differently than its book value, which is the value of BlackRock that is recorded on the company's balance sheet. Investors also form their own opinion of BlackRock Floating's value that differs from its market value or its book value, called intrinsic value, which is BlackRock Floating'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 BlackRock Floating's market value can be influenced by many factors that don't directly affect BlackRock Floating'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 BlackRock Floating's value and its price as these two are different measures arrived at by different means. Investors typically determine if BlackRock Floating is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BlackRock Floating'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.