ProShares Probability Of Bankruptcy

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 Etf
  

USD 30.97  0.26  0.83%   

ProShares Nanotechnology Probability Of Bankruptcy is used to show its chance of financial distress over the next two years of operations under current economic and market conditions. ProShares Nanotechnology Probability Of Bankruptcy is determined by interpolating and adjusting ProShares Altman Z Score to account for off-balance-sheet items and missing or unfiled public information. All items used in analyzing the odds of distress are taken from the ProShares balance sheet as well as cash flow and income statements available from the company's most recent filings. Additionally, take a look at ProShares Nanotechnology Piotroski F Score and ProShares Nanotechnology Altman Z Score analysis.
  
ProShares Nanotechnology Revenue Per Employee is fairly stable at the moment as compared to the past year. ProShares Nanotechnology reported Revenue Per Employee of 256,924 in 2021. Average Assets is likely to rise to about 139 M in 2022, whereas Net Income Per Employee is likely to drop (2.5 M) in 2022.

ProShares Probability Of Bankruptcy Analysis

ProShares Nanotechnology's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
 2015 2016 2021 2022 (projected)
Current Assets18.88 M16.09 M18.5 M27.51 M
Total Assets96.46 M74.62 M85.82 M116.41 M
Probability Of Bankruptcy 
 = 
Normalized 
 
Z-Score 
More About Probability Of Bankruptcy | All Equity Analysis

Current ProShares Nanotechnology Probability Of Bankruptcy

    
  40%  
Most of ProShares Nanotechnology's fundamental indicators, such as Probability Of Bankruptcy, 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.
Our calculation of ProShares Nanotechnology probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting ProShares Nanotechnology odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of ProShares Nanotechnology ETF financial health.
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.

ProShares Probability Of Bankruptcy Driver Correlations

Understanding the fundamental principles of building solid financial models for ProShares Nanotechnology is extremely important. It helps to project a fair market value of Ford etf properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since ProShares Nanotechnology's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of ProShares Nanotechnology's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of ProShares Nanotechnology's interrelated accounts and indicators.
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
Compare to competition

ProShares Nanotechnology Probability Of Bankruptcy Component Assessment

Based on the latest financial disclosure, ProShares Nanotechnology ETF has a Probability Of Bankruptcy of 40.0%. This is much higher than that of the ProShares family and significantly higher than that of the Technology category. The probability of bankruptcy for all United States etfs is notably lower than that of the firm.

ProShares Probability Of Bankruptcy Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ProShares Nanotechnology's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of ProShares Nanotechnology could also be used in its relative valuation, which is a method of valuing ProShares Nanotechnology by comparing valuation metrics of similar companies.
ProShares Nanotechnology is currently under evaluation in probability of bankruptcy as compared to similar ETFs.

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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Additionally, take a look at ProShares Nanotechnology Piotroski F Score and ProShares Nanotechnology Altman Z Score analysis. You can also try Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

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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.