ProShares Nanotechnology Beta vs. Price to Earning

TINY
 Etf
  

USD 30.17  0.15  0.50%   

For ProShares Nanotechnology profitability analysis, we use financial ratios and fundamental drivers that measure the ability of ProShares Nanotechnology to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well ProShares Nanotechnology ETF utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between ProShares Nanotechnology's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of ProShares Nanotechnology ETF over time as well as its relative position and ranking within its peers. Additionally, take a look at World Market Map.
  
Price to Sales Ratio is likely to rise to 88.27 in 2022, whereas Return on Sales is likely to drop (25.06)  in 2022. ProShares Nanotechnology Accumulated Other Comprehensive Income is fairly stable at the moment as compared to the past year. ProShares Nanotechnology reported Accumulated Other Comprehensive Income of 585,603 in 2021. Income Tax Expense is likely to rise to 2,535 in 2022, whereas Consolidated Income is likely to drop (23.9 M) in 2022.

ProShares Nanotechnology Revenues

1.69 Million

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 Nanotechnology Price to Earning vs. Beta Fundamental Analysis

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.
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 . Price to Earnings Ratio is likely to drop to -3.29 in 2022. Earnings Before Interest Taxes and Depreciation Amortization EBITDA is likely to drop to about (19 M) in 2022. 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.

ProShares Price to Earning vs. Beta

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.
ProShares Nanotechnology 
Beta 
 = 
Covariance 
Variance 
0.35
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.
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
ProShares Nanotechnology 
P/E 
 = 
Market Value Per Share 
Earnings Per Share 
(2.45) X
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.

Beta Analysis

Let's try to break down what ProShares's beta means in this case. As returns on the market increase, ProShares Nanotechnology returns are expected to increase less than the market. However, during the bear market, the loss on holding ProShares Nanotechnology will be expected to be smaller as well.

ProShares Nanotechnology Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in ProShares Nanotechnology, profitability is also one of the essential criteria for including it into their portfolios because, without profit, ProShares Nanotechnology will eventually generate negative long term returns. The profitability progress is the general direction of ProShares Nanotechnology's change in net profit over the period of time. It can combine multiple indicators of ProShares Nanotechnology, 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.
Last ReportedProjected for 2022
Accumulated Other Comprehensive Income585.6 K724 K
Consolidated Income-23.3 M-23.9 M
Net Income-18.8 M-20.3 M
Net Income Common Stock-23.3 M-23.9 M
Operating Income-3.3 M-3.5 M
Income Tax Expense2.5 K2.5 K
Net Income Per Employee-2.3 M-2.5 M

ProShares Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on ProShares Nanotechnology. 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 ProShares Nanotechnology 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 ProShares Nanotechnology's important profitability drivers and their relationship over time.

Learn to be your own money manager

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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Use Investing Themes to Complement your ProShares Nanotechnology position

In addition to having ProShares Nanotechnology 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.

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Alcohol Theme
Companies involved in production and distribution of wines and alcoholic beverages. The Alcohol 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 Alcohol Theme or any other thematic opportunities.
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Additionally, take a look at World Market Map. You can also try Money Managers module to screen money managers from public funds and ETFs managed around the world.

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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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To fully project ProShares Nanotechnology's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of ProShares Nanotechnology 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 ProShares Nanotechnology's income statement, its balance sheet, and the statement of cash flows.
Potential ProShares Nanotechnology investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although ProShares Nanotechnology investors may work on each financial statement separately, they are all related. The changes in ProShares Nanotechnology's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on ProShares Nanotechnology'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.