Commonwealth Australianew Zealand Fund Price To Earning
| CNZLX Fund | USD 10.25 0.23 2.19% |
Commonwealth Australianew Zealand fundamentals help investors to digest information that contributes to Commonwealth Australianew's financial success or failures. It also enables traders to predict the movement of Commonwealth Mutual Fund. The fundamental analysis module provides a way to measure Commonwealth Australianew'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 Commonwealth Australianew mutual fund.
Commonwealth |
Commonwealth Australianew Zealand Mutual Fund Price To Earning Analysis
Commonwealth Australianew's 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.
Current Commonwealth Australianew Price To Earning | 15.80 X |
Most of Commonwealth Australianew's fundamental indicators, such as Price To Earning, 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, Commonwealth Australianew Zealand is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
| Competition |
Based on the latest financial disclosure, Commonwealth Australianew Zealand has a Price To Earning of 15.8 times. This is much higher than that of the Commonwealth Intl Series Tr family and significantly higher than that of the Miscellaneous Region category. The price to earning for all United States funds is notably lower than that of the firm.
Commonwealth Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Commonwealth Australianew's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Commonwealth Australianew could also be used in its relative valuation, which is a method of valuing Commonwealth Australianew by comparing valuation metrics of similar companies.Commonwealth Australianew is currently under evaluation in price to earning among similar funds.
Fund Asset Allocation for Commonwealth Australianew
The fund consists of 97.62% investments in stocks, with the rest of investments allocated between different money market instruments.Asset allocation divides Commonwealth Australianew's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Commonwealth Fundamentals
| Price To Earning | 15.80 X | |||
| Price To Book | 1.83 X | |||
| Price To Sales | 1.66 X | |||
| Annual Yield | 0 % | |||
| One Year Return | (14.58) % | |||
| Three Year Return | (11.50) % | |||
| Five Year Return | (1.74) % | |||
| Ten Year Return | 5.04 % | |||
| Net Asset | 13.04 M | |||
| Minimum Initial Investment | 200 | |||
| Last Dividend Paid | 0.02 | |||
| Cash Position Weight | 2.38 % | |||
| Equity Positions Weight | 97.62 % |
About Commonwealth Australianew Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Commonwealth Australianew Zealand's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Commonwealth Australianew using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Commonwealth Australianew Zealand based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, 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.
Pair Trading with Commonwealth Australianew
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 Commonwealth Australianew 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 Commonwealth Australianew will appreciate offsetting losses from the drop in the long position's value.Moving against Commonwealth Mutual Fund
| 0.53 | TTEEX | T Rowe Price | PairCorr |
| 0.51 | CRF | Cornerstone Strategic | PairCorr |
| 0.48 | CLM | Cornerstone Strategic | PairCorr |
The ability to find closely correlated positions to Commonwealth Australianew could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Commonwealth Australianew 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 Commonwealth Australianew - 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 Commonwealth Australianew Zealand to buy it.
The correlation of Commonwealth Australianew 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 Commonwealth Australianew moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Commonwealth Australianew 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 Commonwealth Australianew 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Commonwealth Australianew Zealand. 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 bureau of economic analysis. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.