Valkyrie Bitcoin Miners Etf Fundamentals
| WGMI Etf | USD 22.76 0.30 1.34% |
Valkyrie Bitcoin Miners fundamentals help investors to digest information that contributes to Valkyrie Bitcoin's financial success or failures. It also enables traders to predict the movement of Valkyrie Etf. The fundamental analysis module provides a way to measure Valkyrie Bitcoin's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Valkyrie Bitcoin etf.
Valkyrie |
Valkyrie Bitcoin Miners ETF Price To Book Analysis
Valkyrie Bitcoin's 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.
Current Valkyrie Bitcoin Price To Book | 20.00 X |
Most of Valkyrie Bitcoin's fundamental indicators, such as Price To Book, 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, Valkyrie Bitcoin Miners is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
| Competition |
Based on the latest financial disclosure, Valkyrie Bitcoin Miners has a Price To Book of 20.0 times. This is much higher than that of the Valkyrie ETF Trust II family and significantly higher than that of the Digital Assets category. The price to book for all United States etfs is notably lower than that of the firm.
Valkyrie Bitcoin Miners Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Valkyrie Bitcoin's current stock value. Our valuation model uses many indicators to compare Valkyrie Bitcoin value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Valkyrie Bitcoin competition to find correlations between indicators driving Valkyrie Bitcoin's intrinsic value. More Info.Valkyrie Bitcoin Miners is rated first in price to book as compared to similar ETFs. It is rated first in price to sales as compared to similar ETFs fabricating about 0.08 of Price To Sales per Price To Book. The ratio of Price To Book to Price To Sales for Valkyrie Bitcoin Miners is roughly 12.50 . 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 Valkyrie Bitcoin's earnings, one of the primary drivers of an investment's value.Valkyrie Price To Book Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Valkyrie Bitcoin's direct or indirect competition against its Price To Book to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Valkyrie Bitcoin could also be used in its relative valuation, which is a method of valuing Valkyrie Bitcoin by comparing valuation metrics of similar companies.Valkyrie Bitcoin is currently under evaluation in price to book as compared to similar ETFs.
Fund Asset Allocation for Valkyrie Bitcoin
The fund consists of 95.83% investments in stocks, with the rest of investments allocated between various types of exotic instruments.Asset allocation divides Valkyrie Bitcoin's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Valkyrie Fundamentals
| Return On Asset | -44.32 | |||
| Profit Margin | (31.77) % | |||
| Operating Margin | (27.31) % | |||
| Current Valuation | 16.22 M | |||
| Shares Outstanding | 94.01 M | |||
| Price To Book | 20.00 X | |||
| Price To Sales | 1.60 X | |||
| Revenue | 11.77 M | |||
| Gross Profit | 769.49 K | |||
| Net Income | (3.74 M) | |||
| Cash And Equivalents | 6.96 M | |||
| Cash Per Share | 0.07 X | |||
| Total Debt | 4.38 M | |||
| Current Ratio | 0.93 X | |||
| Cash Flow From Operations | (1.22 M) | |||
| Earnings Per Share | (0.04) X | |||
| Number Of Employees | 104 | |||
| Market Capitalization | 14.38 M | |||
| Total Asset | 2.46 M | |||
| Retained Earnings | (23.36 M) | |||
| Working Capital | (1.37 M) | |||
| Current Asset | 779 K | |||
| Current Liabilities | 2.15 M | |||
| One Year Return | 78.70 % | |||
| Net Asset | 2.46 M | |||
| Equity Positions Weight | 95.83 % |
About Valkyrie Bitcoin Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Valkyrie Bitcoin Miners's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Valkyrie Bitcoin using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Valkyrie Bitcoin Miners based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.The fund is an actively-managed exchange-traded fund that will invest at least 80 percent of its net assets in securities of companies that derive at least 50 percent of their revenue or profits from bitcoin mining operations andor from providing specialized chips, hardware and software or other services to companies engaged in bitcoin mining. Valkyrie Bitcoin is traded on NASDAQ Exchange in the United States.
Currently Active Assets on Macroaxis
When determining whether Valkyrie Bitcoin Miners offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Valkyrie Bitcoin's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Valkyrie Bitcoin Miners Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Valkyrie Bitcoin Miners Etf:Check out Valkyrie Bitcoin Piotroski F Score and Valkyrie Bitcoin Altman Z Score analysis. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
The market value of Valkyrie Bitcoin Miners is measured differently than its book value, which is the value of Valkyrie that is recorded on the company's balance sheet. Investors also form their own opinion of Valkyrie Bitcoin's value that differs from its market value or its book value, called intrinsic value, which is Valkyrie Bitcoin'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 Valkyrie Bitcoin's market value can be influenced by many factors that don't directly affect Valkyrie Bitcoin'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 Valkyrie Bitcoin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Valkyrie Bitcoin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Valkyrie Bitcoin'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.