Militia Longshort Equity Etf Price To Earning
| ORR Etf | 34.43 0.27 0.79% |
Fundamental analysis of Militia LongShort allows traders to better anticipate movements in Militia LongShort'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. Militia LongShort Equity ETF Price To Earning Analysis
Militia LongShort's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
Based on the latest financial disclosure, Militia LongShort Equity has a Price To Earning of 0.0 times. This indicator is about the same for the average (which is currently at 0.0) family and about the same as Long-Short Equity (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
Militia Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Militia LongShort's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Militia LongShort could also be used in its relative valuation, which is a method of valuing Militia LongShort by comparing valuation metrics of similar companies.Militia LongShort is currently under evaluation in price to earning as compared to similar ETFs.
About Militia LongShort Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Militia LongShort Equity's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Militia LongShort using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Militia LongShort Equity 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 Militia LongShort
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 Militia LongShort 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 Militia LongShort will appreciate offsetting losses from the drop in the long position's value.Moving together with Militia Etf
| 0.75 | FTLS | First Trust LongShort | PairCorr |
| 0.87 | CLSE | Trust For Professional | PairCorr |
| 0.62 | DFND | Siren DIVCON Dividend | PairCorr |
The ability to find closely correlated positions to Militia LongShort could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Militia LongShort 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 Militia LongShort - 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 Militia LongShort Equity to buy it.
The correlation of Militia LongShort 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 Militia LongShort moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Militia LongShort Equity 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 Militia LongShort 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 Militia LongShort Piotroski F Score and Militia LongShort Altman Z Score analysis. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
The market value of Militia LongShort Equity is measured differently than its book value, which is the value of Militia that is recorded on the company's balance sheet. Investors also form their own opinion of Militia LongShort's value that differs from its market value or its book value, called intrinsic value, which is Militia LongShort'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 Militia LongShort's market value can be influenced by many factors that don't directly affect Militia LongShort'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 Militia LongShort's value and its price as these two are different measures arrived at by different means. Investors typically determine if Militia LongShort is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Militia LongShort'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.