The 2023 Etf One Year Return
| EAGL Etf | USD 33.46 0.12 0.36% |
Fundamental analysis of 2023 ETF allows traders to better anticipate movements in 2023 ETF's stock price by examining its financial health and performance throughout various phases of its business cycle.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. The 2023 ETF ETF One Year Return Analysis
2023 ETF'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 2023 ETF One Year Return | 18.70 % |
Most of 2023 ETF'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, The 2023 ETF 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, The 2023 ETF has an One Year Return of 18.7%. This is much higher than that of the Industrials family and significantly higher than that of the Large Blend category. The one year return for all United States etfs is notably lower than that of the firm.
2023 One Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses 2023 ETF'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 2023 ETF could also be used in its relative valuation, which is a method of valuing 2023 ETF by comparing valuation metrics of similar companies.2023 ETF is currently under evaluation in one year return as compared to similar ETFs.
2023 Fundamentals
| Return On Equity | 159.95 | |||
| Return On Asset | -0.61 | |||
| Current Valuation | 409.41 M | |||
| Shares Outstanding | 32.5 M | |||
| Shares Owned By Insiders | 0.21 % | |||
| Shares Owned By Institutions | 73.44 % | |||
| Number Of Shares Shorted | 6.39 K | |||
| Price To Earning | 102.12 X | |||
| Price To Book | 81.38 X | |||
| Net Income | 4.01 M | |||
| Cash And Equivalents | 498.1 K | |||
| Cash Per Share | 0.01 X | |||
| Debt To Equity | 4.60 % | |||
| Current Ratio | 0.54 X | |||
| Book Value Per Share | 0.12 X | |||
| Cash Flow From Operations | (638.11 K) | |||
| Short Ratio | 0.04 X | |||
| Earnings Per Share | 0.10 X | |||
| Market Capitalization | 410.72 M | |||
| Total Asset | 501.36 M | |||
| Retained Earnings | 265 K | |||
| Working Capital | (19.17 M) | |||
| Current Asset | 445 K | |||
| Current Liabilities | 19.61 M | |||
| One Year Return | 18.70 % |
About 2023 ETF Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze The 2023 ETF's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of 2023 ETF using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of The 2023 ETF 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.
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The market value of 2023 ETF is measured differently than its book value, which is the value of 2023 that is recorded on the company's balance sheet. Investors also form their own opinion of 2023 ETF's value that differs from its market value or its book value, called intrinsic value, which is 2023 ETF'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 2023 ETF's market value can be influenced by many factors that don't directly affect 2023 ETF'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 2023 ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if 2023 ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 2023 ETF'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.