POTX Financials
| POTX Etf | USD 6.19 0.02 0.32% |
POTX |
The data published in POTX's official financial statements typically reflect POTX'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 POTX's quantitative information. For example, before you start analyzing numbers published by POTX accountants, it's essential to understand POTX's liquidity, profitability, and earnings quality within the context of the Global X Funds space in which it operates.
Please note, the imprecision that can be found in POTX's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of POTX. Check POTX's Beneish M Score to see the likelihood of POTX's management manipulating its earnings.
POTX Etf Summary
POTX competes with Amplify Seymour, AdvisorShares Pure, Cambria Cannabis, and AdvisorShares Pure. The fund invests at least 80 percent of its total assets in the securities of the underlying index and in American Depositary Receipts and Global Depositary Receipts based on the securities in the underlying index. Gx Cannabis is traded on NASDAQ Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NASDAQ Exchange |
| Region | Others |
| Investment Issuer | Others |
| Etf Family | Global X Funds |
| Fund Category | Others |
| Portfolio Concentration | Others |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
POTX Key Financial Ratios
POTX Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining POTX's current stock value. Our valuation model uses many indicators to compare POTX value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across POTX competition to find correlations between indicators driving POTX's intrinsic value. More Info.POTX is regarded second largest ETF in beta as compared to similar ETFs. It is rated below average in one year return 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 POTX's earnings, one of the primary drivers of an investment's value.POTX Market Pulse
| Quote | 6.19 |
| Change(%) | 0.32 |
| Change | 0.02 |
| Open | 6.21 |
| Low | 6.13 |
| High | 6.28 |
| 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 POTX 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 POTX 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 POTX's financials are consistent with your investment objective using the following steps:- Review POTX'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 POTX'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 POTX'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 POTX's stock is overvalued or undervalued.
POTX December 13, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of POTX help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of POTX. We use our internally-developed statistical techniques to arrive at the intrinsic value of POTX based on widely used predictive technical indicators. In general, we focus on analyzing POTX Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build POTX's daily price indicators and compare them against related drivers.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 14.02 | |||
| Value At Risk | (4.74) | |||
| Potential Upside | 3.83 |
Check out Your Equity Center 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 estimate. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
The market value of POTX is measured differently than its book value, which is the value of POTX that is recorded on the company's balance sheet. Investors also form their own opinion of POTX's value that differs from its market value or its book value, called intrinsic value, which is POTX'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 POTX's market value can be influenced by many factors that don't directly affect POTX'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 POTX's value and its price as these two are different measures arrived at by different means. Investors typically determine if POTX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, POTX'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.