ARCA:WBII

Stock Analysis Report

Absolute Shares Trust - WBI BullBear Global Income ETF

Executive Summary

Absolute Shares Trust - WBI BullBear Global Income ETF is an exchange traded fund launched and managed by Millington Securities, Inc.


Snowflake Analysis

Share Price & News

How has Absolute Shares Trust - WBI BullBear Global Income ETF's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: WBII has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.2%

WBII

-4.2%

US Capital Markets

-4.2%

US Market


1 Year Return

3.2%

WBII

12.0%

US Capital Markets

14.0%

US Market

Return vs Industry: WBII underperformed the US Capital Markets industry which returned 15.4% over the past year.

Return vs Market: WBII underperformed the US Market which returned 17.8% over the past year.


Shareholder returns

WBIIIndustryMarket
7 Day-0.2%-4.2%-4.2%
30 Day0.1%-2.1%-1.8%
90 Day-0.3%1.1%2.6%
1 Year7.5%3.2%14.3%12.0%16.3%14.0%
3 Year11.1%0.4%35.2%27.6%43.2%34.0%
5 Year13.0%-0.8%74.5%58.3%65.9%47.6%

Price Volatility Vs. Market

How volatile is Absolute Shares Trust - WBI BullBear Global Income ETF's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Absolute Shares Trust - WBI BullBear Global Income ETF undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Absolute Shares Trust - WBI BullBear Global Income ETF is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Absolute Shares Trust - WBI BullBear Global Income ETF has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.

Future Growth

How is Absolute Shares Trust - WBI BullBear Global Income ETF forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.7%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Absolute Shares Trust - WBI BullBear Global Income ETF has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Absolute Shares Trust - WBI BullBear Global Income ETF performed over the past 5 years?

17.3%

Historical Diversified Financials annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, Absolute Shares Trust - WBI BullBear Global Income ETF has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.

Financial Health

How is Absolute Shares Trust - WBI BullBear Global Income ETF's financial position? (This company is analysed differently as a bank or financial institution)


In this section we usually analyse Absolute Shares Trust - WBI BullBear Global Income ETF's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. Absolute Shares Trust - WBI BullBear Global Income ETF has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.

Dividend

What is Absolute Shares Trust - WBI BullBear Global Income ETF's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage2.0%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate WBII's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate WBII's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if WBII's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if WBII's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of WBII's dividend in 3 years as they are not forecast to pay a notable one for the US market.

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Absolute Shares Trust - WBI BullBear Global Income ETF has no CEO, or we have no data on them.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

Absolute Shares Trust - WBI BullBear Global Income ETF's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Absolute Shares Trust - WBI BullBear Global Income ETF
  • Ticker: WBII
  • Exchange: ARCA
  • Founded: 2014
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$0
  • Shares outstanding: 0
  • Website: https://www.wbietfs.com/bullbear-global-income-etf/

Location

  • Absolute Shares Trust - WBI BullBear Global Income ETF
  • 331 Newman Springs Road
  • Suite 101
  • Red Bank
  • New Jersey
  • 7701
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WBIIARCA (NYSE Arca)YesWBI BBR GBL INMEUSUSDAug 2014

Biography

Absolute Shares Trust - WBI BullBear Global Income ETF is an exchange traded fund launched and managed by Millington Securities, Inc. The fund is co-managed by WBI Investments, Inc. It invests in the public equity and fixed income markets across the globe. The fund invests, directly, through other ETFs and ETNs, and through MLPs, in securities of companies. For its equity portion, it invests in stocks of companies operating across diversified sectors. The fund invests in dividend paying stocks of companies across all market capitalizations. For its fixed income portion, it invests in debt securities issued by corporate, U.S. Government, and U.S. Government agencies, including fixed, floating, and variable rate securities, mortgage-backed securities and high yield bonds with varying maturities ranging from less than one year up to thirty years. The fund employs an absolute return approach to create its portfolio. It employs quantitative analysis to create its portfolio. The fund seeks to benchmark the performance of its portfolio against the Bloomberg Barclays US Aggregate Bond Index. It employs proprietary research to create its portfolio. Absolute Shares Trust - WBI BullBear Global Income ETF was formed on August 25, 2014 and is domiciled in the United States. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 01:28
End of Day Share Price2020/02/24 00:00
EarningsN/A
Annual EarningsN/A


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.