ProShares Nanotechnology Financial Statements From 2010 to 2025
| TINY Etf | USD 47.37 0.27 0.57% |
Check ProShares Nanotechnology financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ProShares Nanotechnology'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 Nanotechnology Valuation or Volatility modules.
ProShares |
ProShares Nanotechnology ETF ETF Price To Earning Analysis
ProShares Nanotechnology's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current ProShares Nanotechnology Price To Earning | (2.45) X |
Most of ProShares Nanotechnology's fundamental indicators, such as Price To Earning, 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 Nanotechnology ETF is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
Based on the latest financial disclosure, ProShares Nanotechnology ETF has a Price To Earning of -2.45 times. This is 144.38% lower than that of the ProShares family and significantly lower than that of the Technology category. The price to earning for all United States etfs is 177.78% higher than that of the company.
ProShares Nanotechnology Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining ProShares Nanotechnology's current stock value. Our valuation model uses many indicators to compare ProShares Nanotechnology value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across ProShares Nanotechnology competition to find correlations between indicators driving ProShares Nanotechnology's intrinsic value. More Info.ProShares Nanotechnology ETF is presently regarded as number one ETF in price to earning as compared to similar ETFs. It also is presently regarded as number one ETF in price to book as compared to similar ETFs . 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 ProShares Nanotechnology's earnings, one of the primary drivers of an investment's value.About ProShares Nanotechnology Financial Statements
ProShares Nanotechnology investors use historical fundamental indicators, such as ProShares Nanotechnology's revenue or net income, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in ProShares Nanotechnology. Please read more on our technical analysis and fundamental analysis pages.
The index consists of companies focused on making or applying nanotechnology innovations that allow for improved products, processes, or techniques through control or measurement of material at nanoscale. Proshares Nanotechnology is traded on NYSEARCA Exchange in the United States.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.| BTC | Bitcoin | |
| TRX | TRON | |
| BNB | Binance Coin |
Check out the analysis of ProShares Nanotechnology Correlation against competitors. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
The market value of ProShares Nanotechnology 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 Nanotechnology's value that differs from its market value or its book value, called intrinsic value, which is ProShares Nanotechnology'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 Nanotechnology's market value can be influenced by many factors that don't directly affect ProShares Nanotechnology'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 Nanotechnology's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Nanotechnology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Nanotechnology'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.