Brompton European Dividend Etf EBITDA
| EDGF Etf | CAD 11.59 0.02 0.17% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess Brompton European's long-term financial health and intrinsic value.
Brompton |
Brompton European Dividend ETF EBITDA Analysis
Brompton European's EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
| Competition |
According to the company disclosure, Brompton European Dividend reported earnings before interest,tax, depreciation and amortization of 0.0. This indicator is about the same for the average (which is currently at 0.0) family and about the same as European Equity (which currently averages 0.0) category. This indicator is about the same for all Canada etfs average (which is currently at 0.0).
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Brompton Fundamentals
| Beta | 0.83 | |||
| One Year Return | 13.70 % | |||
| Three Year Return | 16.40 % | |||
| Five Year Return | 10.80 % |
About Brompton European Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Brompton European Dividend's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Brompton European using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Brompton European Dividend 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.
Pair Trading with Brompton European
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 Brompton European 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 Brompton European will appreciate offsetting losses from the drop in the long position's value.Moving together with Brompton Etf
| 0.84 | ZWP | BMO Europe High | PairCorr |
| 0.79 | ZWE | BMO Europe High | PairCorr |
| 0.88 | XEU | iShares MSCI Europe | PairCorr |
| 0.84 | ZEQ | BMO MSCI Europe | PairCorr |
| 0.88 | VE | Vanguard FTSE Developed | PairCorr |
The ability to find closely correlated positions to Brompton European could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brompton European 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 Brompton European - 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 Brompton European Dividend to buy it.
The correlation of Brompton European 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 Brompton European moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brompton European 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 Brompton European 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 Brompton Etf
Brompton European financial ratios help investors to determine whether Brompton 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 Brompton with respect to the benefits of owning Brompton European security.