SPKY Financials
| SPKY Etf | USD 4.92 0.12 2.38% |
SPKY |
The data published in SPKY's official financial statements typically reflect SPKY's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving SPKY's quantitative information. For example, before you start analyzing numbers published by SPKY accountants, it's essential to understand SPKY's liquidity, profitability, and earnings quality within the context of the ConvexityShares Trust space in which it operates.
Please note, the imprecision that can be found in SPKY's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of SPKY. Check SPKY's Beneish M Score to see the likelihood of SPKY's management manipulating its earnings.
SPKY Etf Summary
SPKY competes with ProShares UltraShort, ProShares Ultra, ProShares Ultra, and ProShares Ultra. The fund seeks to achieve their respective investment objectives through the appropriate amount of exposure to the SPIKES futures contracts included in the index. Convexityshares Daily is traded on NYSEARCA Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NASDAQ Exchange |
| Region | Others |
| Investment Issuer | Others |
| Etf Family | ConvexityShares Trust |
| Fund Category | Others |
| Portfolio Concentration | Others |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
SPKY Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining SPKY's current stock value. Our valuation model uses many indicators to compare SPKY value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across SPKY competition to find correlations between indicators driving SPKY's intrinsic value. More Info.SPKY is presently regarded as number one ETF in net asset as compared to similar ETFs. It also is presently regarded as number one ETF in equity positions weight as compared to similar ETFs . The ratio of Net Asset to Equity Positions Weight for SPKY is about 21,702 . 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 SPKY's earnings, one of the primary drivers of an investment's value.SPKY Market Pulse
| Quote | 4.92 |
| Change(%) | 2.38 |
| Change | 0.12 |
| Open | 5.04 |
| Low | 4.88 |
| High | 5.04 |
| Volume | 0 |
| Exchange | NASDAQ |
Steps to analyze company Financials for Investing
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as SPKY is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of SPKY has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it. In summary, you can determine if SPKY's financials are consistent with your investment objective using the following steps:- Review SPKY's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
- Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
- Study the cash flow inflows and outflows to understand SPKY's liquidity and solvency.
- Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
- Compare SPKY's financials to those of its peers to see how it stacks up and identify any potential red flags.
- Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if SPKY's stock is overvalued or undervalued.
SPKY December 13, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of SPKY help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of SPKY. We use our internally-developed statistical techniques to arrive at the intrinsic value of SPKY based on widely used predictive technical indicators. In general, we focus on analyzing SPKY Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build SPKY's daily price indicators and compare them against related drivers.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 23.82 | |||
| Value At Risk | (7.98) | |||
| Potential Upside | 6.4 |
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
The market value of SPKY is measured differently than its book value, which is the value of SPKY that is recorded on the company's balance sheet. Investors also form their own opinion of SPKY's value that differs from its market value or its book value, called intrinsic value, which is SPKY'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 SPKY's market value can be influenced by many factors that don't directly affect SPKY'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 SPKY's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPKY is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPKY'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.