Madison Covered Call Etf Cash Position Weight
| MCN Etf | USD 6.06 0.05 0.82% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess Madison Covered's long-term financial health and intrinsic value.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. Madison Covered Call ETF Cash Position Weight Analysis
Madison Covered's Percentage of fund asset invested in cash equivalents or risk-free instruments. About 40% of all global funds carry cash on their balance sheet.
Funds or ETFs that have over 40% of their value invested in low-risk instruments or cash equivalents typically attract conservative investors.
| Competition |
In accordance with the recently published financial statements, Madison Covered Call has 0.0% in Cash Position Weight. This indicator is about the same for the Financial Services average (which is currently at 0.0) family and about the same as Asset Management (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
Madison Cash Position Weight Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Madison Covered's direct or indirect competition against its Cash Position Weight to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Madison Covered could also be used in its relative valuation, which is a method of valuing Madison Covered by comparing valuation metrics of similar companies.Madison Covered is currently under evaluation in cash position weight as compared to similar ETFs.
Madison Fundamentals
| Return On Equity | -5.11 | ||||
| Return On Asset | 0.25 | ||||
| Operating Margin | 26.96 % | ||||
| Current Valuation | 159.31 M | ||||
| Shares Outstanding | 20.96 M | ||||
| Shares Owned By Institutions | 19.68 % | ||||
| Number Of Shares Shorted | 107.44 K | ||||
| Price To Earning | 16.03 X | ||||
| Price To Book | 1.04 X | ||||
| Price To Sales | 65.90 X | ||||
| Revenue | 2.33 M | ||||
| Gross Profit | 1.99 M | ||||
| Net Income | (7.76 M) | ||||
| Cash And Equivalents | 393.76 K | ||||
| Cash Per Share | 0.02 X | ||||
| Total Debt | 618.62 K | ||||
| Debt To Equity | 0 % | ||||
| Current Ratio | 0.10 X | ||||
| Book Value Per Share | 7.09 X | ||||
| Short Ratio | 0.79 X | ||||
| Earnings Per Share | 0.46 X | ||||
| Number Of Employees | 21 | ||||
| Beta | 0.84 | ||||
| Market Capitalization | 162.84 M | ||||
| Annual Yield | 0.02 % | ||||
| Year To Date Return | 4.30 % | ||||
| One Year Return | 4.83 % | ||||
| Three Year Return | 8.12 % | ||||
| Five Year Return | 9.33 % | ||||
| Last Dividend Paid | 0.72 |
About Madison Covered Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Madison Covered Call's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Madison Covered using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Madison Covered Call 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 Madison Covered
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 Madison Covered 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 Madison Covered will appreciate offsetting losses from the drop in the long position's value.Moving together with Madison Etf
The ability to find closely correlated positions to Madison Covered could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Madison Covered 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 Madison Covered - 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 Madison Covered Call to buy it.
The correlation of Madison Covered 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 Madison Covered moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Madison Covered Call 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 Madison Covered 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 Madison Etf
Madison Covered financial ratios help investors to determine whether Madison 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 Madison with respect to the benefits of owning Madison Covered security.