ratio

As McGraw explained, when the market sees major selling during a session, leveraged ETFs must rebalance by selling at the end of the trading day to keep target leverage ratios.

Although the current rally has been powered by tech, and much has been made of the sky-high price/earnings ratios in that sector, defensives are hardly bargains.

These ratios won’t be solidly on buy signals unless they roll over and begin to steadily trend lower.

The company’s valuation is commensurate with other small-cap stocks, with shares trading at a forward 12-month price/earnings ratio of 32.

A relatively low price-to-earnings ratio of 9 for a growing e-commerce company gives some indication of the lack of enthusiasm from investors over the initiative and the damage it could cause to profitability.