ProShares Smart Financial Statements From 2010 to 2024
| TINT Etf | USD 31.20 0.15 0.48% |
Check ProShares Smart financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ProShares Smart's main balance sheet or income statement drivers, such as , as well as many indicators such as . ProShares financial statements analysis is a perfect complement when working with ProShares Smart Valuation or Volatility modules.
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ProShares Smart Materials ETF Beta Analysis
ProShares Smart'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 is 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.
Current ProShares Smart Beta | 1.41 |
Most of ProShares Smart'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 Smart Materials 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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In accordance with the recently published financial statements, ProShares Smart Materials has a Beta of 1.41. This is much higher than that of the ProShares family and significantly higher than that of the Natural Resources category. The beta for all United States etfs is notably lower than that of the firm.
About ProShares Smart Financial Statements
ProShares Smart shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although ProShares Smart investors may analyze each financial statement separately, they are all interrelated. The changes in ProShares Smart's assets and liabilities, for example, are also reflected in the revenues and expenses on on ProShares Smart's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
The index selects companies focused on making or applying industrial innovations which allow for improved products, processes, or techniques through advanced, responsive, or intelligent materials. Proshares Smart is traded on NYSEARCA Exchange in the United States.
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Check out the analysis of ProShares Smart Correlation against competitors. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
The market value of ProShares Smart Materials 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 Smart's value that differs from its market value or its book value, called intrinsic value, which is ProShares Smart'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 Smart's market value can be influenced by many factors that don't directly affect ProShares Smart'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 Smart's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Smart is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Smart'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.