Etfmg Prime Price to Book vs. Price to Sales

HACK
 Etf
  

USD 43.38  0.03  0.07%   

For Etfmg Prime profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Etfmg Prime to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Etfmg Prime Cyber utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Etfmg Prime's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Etfmg Prime Cyber over time as well as its relative position and ranking within its peers. Please check Risk vs Return Analysis.
  
The market value of Etfmg Prime Cyber is measured differently than its book value, which is the value of Etfmg that is recorded on the company's balance sheet. Investors also form their own opinion of Etfmg Prime's value that differs from its market value or its book value, called intrinsic value, which is Etfmg Prime'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 Etfmg Prime's market value can be influenced by many factors that don't directly affect Etfmg Prime'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 Etfmg Prime's value and its price as these two are different measures arrived at by different means. Investors typically determine Etfmg Prime value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Etfmg Prime'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.

Etfmg Prime Cyber Price to Sales vs. Price to Book Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Etfmg Prime's current stock value. Our valuation model uses many indicators to compare Etfmg Prime value to that of its competitors to determine the firm's financial worth.
Etfmg Prime Cyber is rated # 2 ETF in price to book as compared to similar ETFs. It is rated # 2 ETF in price to sales as compared to similar ETFs fabricating about  0.76  of Price to Sales per Price to Book. The ratio of Price to Book to Price to Sales for Etfmg Prime Cyber is roughly  1.32 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Etfmg Prime by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Etfmg Prime'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 Etfmg Prime's earnings, one of the primary drivers of an investment's value.

Etfmg Price to Sales vs. Price to Book

Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Etfmg Prime 
P/B 
 = 
MV Per Share 
BV Per Share 
3.40 X
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Etfmg Prime 
P/S 
 = 
MV Per Share 
Revenue Per Share 
2.58 X
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.

Etfmg Prime Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Etfmg Prime, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Etfmg Prime will eventually generate negative long term returns. The profitability progress is the general direction of Etfmg Prime's change in net profit over the period of time. It can combine multiple indicators of Etfmg Prime, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The index tracks the performance of the exchange-listed equity securities of companies across the globe that engage in providing cyber defense applications or services as a vital component of its overall business or provide hardware or software for cyber defense activities as a vital component of its overall business. Etfmg Prime is traded on NYSEArca Exchange in the United States.

Etfmg Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Etfmg Prime. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Etfmg Prime position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Etfmg Prime's important profitability drivers and their relationship over time.

Use Etfmg Prime in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Etfmg Prime position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Etfmg Prime will appreciate offsetting losses from the drop in the long position's value.

Etfmg Prime Pair Trading

Etfmg Prime Cyber Pair Trading Analysis

The ability to find closely correlated positions to Etfmg Prime could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Etfmg Prime when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Etfmg Prime - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Etfmg Prime Cyber to buy it.
The correlation of Etfmg Prime is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Etfmg Prime moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Etfmg Prime Cyber moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Etfmg Prime can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Etfmg Prime position

In addition to having Etfmg Prime in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Housewares Thematic Idea Now

Housewares
Housewares Theme
Companies making housewares accessories and providing houseware services. The Housewares theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Housewares Theme or any other thematic opportunities.
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Please check Risk vs Return Analysis. Note that the Etfmg Prime Cyber information on this page should be used as a complementary analysis to other Etfmg Prime's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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When running Etfmg Prime Cyber price analysis, check to measure Etfmg Prime'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 Etfmg Prime is operating at the current time. Most of Etfmg Prime's value examination focuses on studying past and present price action to predict the probability of Etfmg Prime's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Etfmg Prime's price. Additionally, you may evaluate how the addition of Etfmg Prime to your portfolios can decrease your overall portfolio volatility.
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To fully project Etfmg Prime's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Etfmg Prime Cyber at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Etfmg Prime's income statement, its balance sheet, and the statement of cash flows.
Potential Etfmg Prime investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Etfmg Prime investors may work on each financial statement separately, they are all related. The changes in Etfmg Prime's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Etfmg Prime's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.