ProShares Metaverse Price To Book vs. One Year Return
| VERS Etf | USD 45.59 0.96 2.15% |
For ProShares Metaverse profitability analysis, we use financial ratios and fundamental drivers that measure the ability of ProShares Metaverse to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well ProShares Metaverse ETF utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between ProShares Metaverse's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of ProShares Metaverse ETF over time as well as its relative position and ranking within its peers.
ProShares |
The market value of ProShares Metaverse ETF 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 Metaverse's value that differs from its market value or its book value, called intrinsic value, which is ProShares Metaverse'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 Metaverse's market value can be influenced by many factors that don't directly affect ProShares Metaverse'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 Metaverse's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Metaverse is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Metaverse'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 Metaverse ETF One Year Return vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining ProShares Metaverse's current stock value. Our valuation model uses many indicators to compare ProShares Metaverse value to that of its competitors to determine the firm's financial worth. ProShares Metaverse ETF is rated second in price to book as compared to similar ETFs. It is rated first in one year return as compared to similar ETFs reporting about 85.83 of One Year Return per Price To Book. Comparative valuation analysis is a catch-all technique that is used if you cannot value ProShares Metaverse by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.ProShares One Year Return vs. Price To Book
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.
ProShares Metaverse |
| = | 0.24 X |
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.
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
ProShares Metaverse |
| = | 20.60 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
ProShares One Year Return Comparison
ProShares Metaverse is currently under evaluation in one year return as compared to similar ETFs.
ProShares Metaverse Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in ProShares Metaverse, profitability is also one of the essential criteria for including it into their portfolios because, without profit, ProShares Metaverse will eventually generate negative long term returns. The profitability progress is the general direction of ProShares Metaverse's change in net profit over the period of time. It can combine multiple indicators of ProShares Metaverse, 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.
The index consists of companies that provide innovative technologies to offer products and services around the Metaverse. Proshares Metaverse is traded on NYSEARCA Exchange in the United States.
ProShares Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on ProShares Metaverse. 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 Metaverse 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 Metaverse's important profitability drivers and their relationship over time.
Use ProShares Metaverse in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ProShares Metaverse position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ProShares Metaverse will appreciate offsetting losses from the drop in the long position's value.ProShares Metaverse Pair Trading
ProShares Metaverse ETF Pair Trading Analysis
The ability to find closely correlated positions to ProShares Metaverse could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ProShares Metaverse when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ProShares Metaverse - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ProShares Metaverse ETF to buy it.
The correlation of ProShares Metaverse is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares Metaverse moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares Metaverse ETF moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ProShares Metaverse can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your ProShares Metaverse position
In addition to having ProShares Metaverse 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.Did You Try This Idea?
Run Machinery Thematic Idea Now
Machinery
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Machinery theme has 61 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 Machinery Theme or any other thematic opportunities.
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To fully project ProShares Metaverse's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of ProShares Metaverse ETF 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 Metaverse's income statement, its balance sheet, and the statement of cash flows.