Snowflake Stock Surges on Earnings Beat ETFs in Focus - TradingView
LRNZ Etf | USD 46.83 0.04 0.09% |
Slightly above 62% of Elevation Series' investor base is looking to short. The current sentiment regarding investing in Elevation Series Trust etf implies that many traders are alarmed. Elevation Series' investing sentiment can be driven by a variety of factors including economic data, Elevation Series' earnings reports, geopolitical events, and overall market trends.
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Snowflake Stock Surges on Earnings Beat ETFs in Focus TradingView
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Elevation Series Fundamental Analysis
We analyze Elevation Series' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Elevation Series using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Elevation Series 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.
Five Year Return
Five Year Return Comparative Analysis
Elevation Series is currently under evaluation in five year return as compared to similar ETFs. Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
Elevation Series Trust Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Elevation Series etf to make a market-neutral strategy. Peer analysis of Elevation Series could also be used in its relative valuation, which is a method of valuing Elevation Series by comparing valuation metrics with similar companies.
Peers
Elevation Series Related Equities
QDIV | Global X | 0.85 | ||||
NUDV | Nushares ETF | 0.73 | ||||
LCG | Sterling Capital | 0.49 | ||||
KMID | Virtus ETF | 0.33 | ||||
XHYF | BondBloxx ETF | 0.13 | ||||
TEK | BlackRock ETF | 0.19 | ||||
MEMX | Matthews Emerging | 0.31 | ||||
AIBU | Direxion Shares | 0.63 | ||||
UBOT | Direxion Daily | 2.39 | ||||
URAA | Direxion Shares | 8.72 |
Check out Elevation Series Hype Analysis, Elevation Series Correlation and Elevation Series Performance. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
The market value of Elevation Series Trust is measured differently than its book value, which is the value of Elevation that is recorded on the company's balance sheet. Investors also form their own opinion of Elevation Series' value that differs from its market value or its book value, called intrinsic value, which is Elevation Series' 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 Elevation Series' market value can be influenced by many factors that don't directly affect Elevation Series' 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 Elevation Series' value and its price as these two are different measures arrived at by different means. Investors typically determine if Elevation Series is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elevation Series' 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.