Proshares Fundamentals

TINY
 Etf
  

USD 26.63  0.56  2.15%   

Proshares Nanotechnology ETF fundamentals help investors to digest information that contributes to Proshares Nanotechnology's financial success or failures. It also enables traders to predict the movement of Proshares Etf. The fundamental analysis module provides a way to measure Proshares Nanotechnology's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Proshares Nanotechnology etf.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
  

Proshares Beta Analysis

Proshares Nanotechnology's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it will be expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Beta 
 = 
Covariance 
Variance 
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Current Proshares Nanotechnology Beta

    
  0.35  
Most of Proshares Nanotechnology's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Proshares Nanotechnology ETF is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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Proshares Nanotechnology Beta Component Assessment

In accordance with the recently published financial statements, Proshares Nanotechnology ETF has a Beta of 0.35. This is much higher than that of the ProShares family and significantly higher than that of the Technology category. The beta for all United States etfs is notably lower than that of the firm.

Proshares Nanotechnology Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Proshares Nanotechnology's current stock value. Our valuation model uses many indicators to compare Proshares Nanotechnology value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Proshares Nanotechnology competition to find correlations between indicators driving Proshares Nanotechnology's intrinsic value. More Info.
Proshares Nanotechnology ETF is presently regarded as number one ETF in beta as compared to similar ETFs. It is presently regarded as number one ETF in price to earning as compared to similar ETFs . . Comparative valuation analysis is a catch-all model that can be used if you cannot value Proshares Nanotechnology by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Proshares Nanotechnology's Etf . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Proshares Nanotechnology's earnings, one of the primary drivers of an investment's value.

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Fund Asset Allocation for Proshares Nanotechnology

The fund invests 99.63% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.
   Value   
       Instrument Type  

Proshares Fundamentals

About Proshares Nanotechnology Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Proshares Nanotechnology ETF's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Proshares Nanotechnology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Proshares Nanotechnology ETF 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.
The index consists of companies focused on making or applying nanotechnology innovations that allow for improved products, processes, or techniques through control or measurement of material at nanoscale. Proshares Nanotechnology is traded on NYSEArca Exchange in the United States.

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Our tools can tell you how much better you can do entering a position in Proshares Nanotechnology without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Currently Active Assets on Macroaxis

Additionally, take a look at Proshares Nanotechnology Piotroski F Score and Proshares Nanotechnology Altman Z Score analysis. You can also try Money Managers module to screen money managers from public funds and ETFs managed around the world.

Complementary Tools for analysis

When running Proshares Nanotechnology price analysis, check to measure Proshares Nanotechnology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Proshares Nanotechnology is operating at the current time. Most of Proshares Nanotechnology's value examination focuses on studying past and present price action to predict the probability of Proshares Nanotechnology's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Proshares Nanotechnology's price. Additionally, you may evaluate how the addition of Proshares Nanotechnology to your portfolios can decrease your overall portfolio volatility.
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The market value of Proshares Nanotechnology is measured differently than its book value, which is the value of Proshares that is recorded on the company's balance sheet. Investors also form their own opinion of Proshares Nanotechnology's value that differs from its market value or its book value, called intrinsic value, which is Proshares Nanotechnology'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 Proshares Nanotechnology's market value can be influenced by many factors that don't directly affect Proshares Nanotechnology'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 Proshares Nanotechnology's value and its price as these two are different measures arrived at by different means. Investors typically determine Proshares Nanotechnology value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Proshares Nanotechnology'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.