Procure Space Etf Performance
| UFO Etf | USD 22.88 0.65 2.92% |
The etf holds a Beta of 1.38, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Procure Space will likely underperform.
Risk-Adjusted Performance
14 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Procure Space ETF are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. In spite of very uncertain technical and fundamental indicators, Procure Space displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Rocket Lab Wins NASA Study Contract For Mars Mission Details | 10/07/2024 |
| In Threey Sharp Ratio | -0.51 |
Procure |
Procure Space Relative Risk vs. Return Landscape
If you would invest 1,891 in Procure Space ETF on August 27, 2024 and sell it today you would earn a total of 397.00 from holding Procure Space ETF or generate 20.99% return on investment over 90 days. Procure Space ETF is generating 0.3116% of daily returns assuming volatility of 1.6538% on return distribution over 90 days investment horizon. In other words, 14% of etfs are less volatile than Procure, and above 94% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Procure Space Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Procure Space's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Procure Space ETF, and traders can use it to determine the average amount a Procure Space's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1884
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.65 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.31 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Procure Space is performing at about 14% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Procure Space by adding it to a well-diversified portfolio.
Procure Space Fundamentals Growth
Procure Etf prices reflect investors' perceptions of the future prospects and financial health of Procure Space, and Procure Space fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Procure Etf performance.
| Total Asset | 52.86 M | |||
About Procure Space Performance
By examining Procure Space's fundamental ratios, stakeholders can obtain critical insights into Procure Space's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Procure Space is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
The fund invests, under normal circumstances, at least 80 percent of its net assets in companies of the underlying index that receive at least 50 percent of their revenues or profits from space-related businesses. Procure Space is traded on NYSEARCA Exchange in the United States.| The fund generated three year return of -5.0% | |
| Procure Space ETF keeps 99.55% of its net assets in stocks |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Procure Space ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
The market value of Procure Space ETF is measured differently than its book value, which is the value of Procure that is recorded on the company's balance sheet. Investors also form their own opinion of Procure Space's value that differs from its market value or its book value, called intrinsic value, which is Procure Space'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 Procure Space's market value can be influenced by many factors that don't directly affect Procure Space'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 Procure Space's value and its price as these two are different measures arrived at by different means. Investors typically determine if Procure Space is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Procure Space'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.