Quadravest Preferred Split Etf Fundamentals
| PREF Etf | CAD 10.70 0.06 0.56% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess Quadravest Preferred's long-term financial health and intrinsic value.
Quadravest |
Quadravest Preferred Split ETF One Year Return Analysis
Quadravest Preferred's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Quadravest Preferred One Year Return | 12.00 % |
Most of Quadravest Preferred's fundamental indicators, such as One Year Return, 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, Quadravest Preferred Split is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
| Competition |
Based on the recorded statements, Quadravest Preferred Split has an One Year Return of 12.0%. This is much higher than that of the Evolve Funds Group Inc family and significantly higher than that of the Alternative Credit Focused category. The one year return for all Canada etfs is notably lower than that of the firm.
Quadravest One Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Quadravest Preferred's direct or indirect competition against its One Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Quadravest Preferred could also be used in its relative valuation, which is a method of valuing Quadravest Preferred by comparing valuation metrics of similar companies.Quadravest Preferred is currently under evaluation in one year return as compared to similar ETFs.
Quadravest Fundamentals
| Total Asset | 34.59 M | |||
| One Year Return | 12.00 % | |||
| Three Year Return | (16.80) % | |||
| Five Year Return | (13.80) % | |||
| Net Asset | 34.59 M | |||
| Last Dividend Paid | 0.095 |
About Quadravest Preferred Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Quadravest Preferred Split's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Quadravest Preferred using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Quadravest Preferred Split 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.PREF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive Dividend Stability Canada Preferred Share Index, or any successor thereto. EVOLVE DIVIDEND is traded on Toronto Stock Exchange in Canada.
Pair Trading with Quadravest Preferred
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 Quadravest Preferred 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 Quadravest Preferred will appreciate offsetting losses from the drop in the long position's value.Moving together with Quadravest Etf
| 0.94 | PFIA | Picton Mahoney Fortified | PairCorr |
| 0.95 | XIU | iShares SPTSX 60 | PairCorr |
| 0.95 | XSP | iShares Core SP | PairCorr |
| 0.95 | XIC | iShares Core SPTSX | PairCorr |
The ability to find closely correlated positions to Quadravest Preferred could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Quadravest Preferred 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 Quadravest Preferred - 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 Quadravest Preferred Split to buy it.
The correlation of Quadravest Preferred 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 Quadravest Preferred moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Quadravest Preferred 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 Quadravest Preferred 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.Other Information on Investing in Quadravest Etf
Quadravest Preferred financial ratios help investors to determine whether Quadravest Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Quadravest with respect to the benefits of owning Quadravest Preferred security.