The Quantitative Fair Value Estimate is based on a statistical model derived from the Fair Value Estimate Morningstar’s equity analysts assign to companies which includes a financial forecast of the company. Quantitative Fair Value Estimate represents Morningstar’s estimate of the per share dollar amount that a company’s equity is worth today. For detail information about the Morningstar Star Rating for Stocks, please visit here Past performance of a security may or may not be sustained in future and is no indication of future performance. Investments in securities are subject to market and other risks. If our base-case assumptions are true the market price will converge on our fair value estimate over time, generally within three years.
A 5-star represents a belief that the stock is a good value at its current price a 1-star stock isn't. This process culminates in a single-point star rating that is updated daily. Four components drive the Star Rating: (1) our assessment of the firm’s economic moat, (2) our estimate of the stock’s fair value, (3) our uncertainty around that fair value estimate and (4) the current market price. Morningstar assigns star ratings based on an analyst’s estimate of a stock's fair value. It is projection/opinion and not a statement of fact. The home page for each ETFdb Category gives an overview of all products in that group, including volume, assets, and YTD performance.The Morningstar Star Rating for Stocks is assigned based on an analyst's estimate of a stocks fair value. There are about 65 ETFdb Categories across all major asset classes, including Emerging Markets Equities, High Yield Bonds, and Agricultural Commodities. ETFdb Categories are our “best fit” classification buckets each U.S.-listed exchange-traded product is allocated into one and only one ETFdb Category. This section of the site isn’t so much a tool, but rather a flexible categorization system that allows for quick and easy comparison of exchange-traded products with similar investment objectives and risk characteristics. The head-to-head ETF comparison tool can be used on any two ETFs that are currently trading.
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Database: Available to ETFdb Pro members, this tab shows all applicable proprietary descriptive data fields for each ETF.Again, this tool is easy to use: simply enter two ticker symbols, and then view the results across five different tabs: Compare anything from popular Commodity ETFs to International Real Estate ETFs side-by-side. Head-To-Head ETF Comparison Toolįor investors looking to see how two exchange-traded products stack up side-by-side, this feature allows comparison of two exchange-traded products on the basis of structure, performance, fees, and holdings. From Albania to Zambia, it has the world pretty well covered. If you’re looking for ETFs with exposure to just about any major global economy, this tool can be a useful resource. Index Fund ( FXI) down to funds that have less than 5% of holdings in Chinese stocks. For example, the China results page shows everything from the FTSE China 25
The results page includes both “pure play” ETFs that allocate virtually all of their exposure to the selected economy, as well as funds that make smaller allocations. Simply click on a country to see all active equity ETFs that include significant exposure to that market (there’s a dropdown list for the geographically challenged). This feature looks like a map of the world, and allows investors to quickly identify equity ETFs with meaningful exposure to nearly 100 different economies around the globe.
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