Xtrackers California Financial Statements From 2010 to 2024
| CA Etf | USD 24.90 0.00 0.00% |
Check Xtrackers California financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Xtrackers main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . Xtrackers financial statements analysis is a perfect complement when working with Xtrackers California Valuation or Volatility modules.
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Xtrackers California Municipal ETF Beta Analysis
Xtrackers California'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 Xtrackers California Beta | 0.75 |
Most of Xtrackers California'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, Xtrackers California Municipal 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.
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In accordance with the recently published financial statements, Xtrackers California Municipal has a Beta of 0.75. This is much higher than that of the family and significantly higher than that of the Beta category. The beta for all United States etfs is notably lower than that of the firm.
Xtrackers California Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Xtrackers California's current stock value. Our valuation model uses many indicators to compare Xtrackers California value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Xtrackers California competition to find correlations between indicators driving Xtrackers California's intrinsic value. More Info.Xtrackers California Municipal is the top ETF in price to earning as compared to similar ETFs. It is rated below average in price to book as compared to similar ETFs fabricating about 0.06 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Xtrackers California Municipal is roughly 17.14 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Xtrackers California by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Xtrackers California's Etf. 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 Xtrackers California's earnings, one of the primary drivers of an investment's value.About Xtrackers California Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Xtrackers California income statement, its balance sheet, and the statement of cash flows. Xtrackers California investors use historical funamental indicators, such as Xtrackers California's revenue or net income, to determine how well the company is positioned to perform in the future. Although Xtrackers California investors may use each financial statement separately, they are all related. The changes in Xtrackers California's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Xtrackers California's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Xtrackers California Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Xtrackers California. Please read more on our technical analysis and fundamental analysis pages.
CA, Inc., doing business as CA technologies, develops, markets, delivers, and licenses software products and services in the United States and internationally. CA, Inc. was founded in 1974 and is headquartered in New York, New York. CA operates under Software - Infrastructure classification in USA and is traded on BATS Exchange. It employs 11300 people.
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 Xtrackers California 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, Xtrackers California's short interest history, or implied volatility extrapolated from Xtrackers California options trading.
Pair Trading with Xtrackers California
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 Xtrackers California 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 Xtrackers California will appreciate offsetting losses from the drop in the long position's value.Moving together with Xtrackers Etf
| 0.64 | BND | Vanguard Total Bond | PairCorr |
The ability to find closely correlated positions to Xtrackers California could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xtrackers California 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 Xtrackers California - 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 Xtrackers California Municipal to buy it.
The correlation of Xtrackers California 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 Xtrackers California moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xtrackers California 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 Xtrackers California 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 the analysis of Xtrackers California Correlation against competitors. Note that the Xtrackers California information on this page should be used as a complementary analysis to other Xtrackers California'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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
The market value of Xtrackers California is measured differently than its book value, which is the value of Xtrackers that is recorded on the company's balance sheet. Investors also form their own opinion of Xtrackers California's value that differs from its market value or its book value, called intrinsic value, which is Xtrackers California'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 Xtrackers California's market value can be influenced by many factors that don't directly affect Xtrackers California'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 Xtrackers California's value and its price as these two are different measures arrived at by different means. Investors typically determine if Xtrackers California is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Xtrackers California'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.