ProShares Piotroski F Score

TINY
 Etf
  

USD 30.97  0.27  0.86%   

This module uses fundamental data of ProShares Nanotechnology to approximate its Piotroski F score. ProShares Nanotechnology F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of ProShares Nanotechnology ETF. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about ProShares Nanotechnology financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Additionally, take a look at ProShares Nanotechnology Altman Z Score, ProShares Nanotechnology Correlation, Portfolio Optimization, as well as analyze ProShares Nanotechnology Alpha and Beta and ProShares Nanotechnology Hype Analysis.
  
ProShares Nanotechnology Total Debt is fairly stable at the moment as compared to the past year. ProShares Nanotechnology reported Total Debt of 4.5 Million in 2021. Issuance Repayment of Debt Securities is likely to rise to about 4.9 M in 2022, whereas Long Term Debt to Equity is likely to drop 0.0407 in 2022. ProShares Nanotechnology Price to Book Value is fairly stable at the moment as compared to the past year. ProShares Nanotechnology reported Price to Book Value of 2.53 in 2021. Price to Sales Ratio is likely to rise to 88.27 in 2022, whereas Return on Investment is likely to drop (4.25)  in 2022.
At this time, it appears that ProShares Nanotechnology's Piotroski F Score is Inapplicable. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
5.0
Piotroski F Score - Inapplicable
1
Current Return On AssetsNegativeFocus
2
Change in Return on AssetsDecreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)ImprovingFocus
5
Asset Turnover GrowthIncreaseFocus
6
Current Ratio ChangeIncreaseFocus
7
Long Term Debt Over Assets ChangeHigher LeverageFocus
8
Change In Outstending SharesDecreaseFocus
9
Change in Gross MarginNo ChangeFocus

ProShares Nanotechnology Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to ProShares Nanotechnology is to make sure ProShares is not a subject of accounting manipulations and runs a healthy internal audit department. So, if ProShares Nanotechnology's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if ProShares Nanotechnology's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted26.9 M27.8 M
Sufficiently Down
Increasing
Very volatile
Weighted Average Shares26.9 M27.8 M
Sufficiently Down
Increasing
Very volatile
Net Cash Flow from Operations2.5 M2.3 M
Significantly Up
Increasing
Slightly volatile
Current Liabilities2.8 M2.5 M
Moderately Up
Decreasing
Slightly volatile
Total Liabilities2.6 M2.1 M
Fairly Up
Decreasing
Slightly volatile
Gross Margin0.890.9
Fairly Down
Decreasing
Slightly volatile
Total Debt4.9 M4.5 M
Significantly Up
Increasing
Slightly volatile
Asset Turnover0.02590.024
Significantly Up
Increasing
Slightly volatile
Current Assets27.5 M18.5 M
Way Up
Decreasing
Very volatile
Total Assets116.4 M85.8 M
Significantly Up
Decreasing
Slightly volatile

ProShares Nanotechnology F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between ProShares Nanotechnology's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards ProShares Nanotechnology in a much-optimized way.

About ProShares Nanotechnology Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Total Debt

4.86 Million

ProShares Nanotechnology Total Debt is fairly stable at the moment as compared to the past year. ProShares Nanotechnology reported Total Debt of 4.5 Million in 2021

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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ProShares Nanotechnology in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ProShares Nanotechnology's short interest history, or implied volatility extrapolated from ProShares Nanotechnology options trading.

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Additionally, take a look at ProShares Nanotechnology Altman Z Score, ProShares Nanotechnology Correlation, Portfolio Optimization, as well as analyze ProShares Nanotechnology Alpha and Beta and ProShares Nanotechnology Hype Analysis. You can also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

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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.