Procure Space Financials
| UFO Etf | USD 23.38 0.42 1.83% |
Net Expense Ratio 0.0075 | 3 y Sharp Ratio (0.06) |
Procure |
The data published in Procure Space's official financial statements typically reflect Procure Space'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 Procure Space's quantitative information. For example, before you start analyzing numbers published by Procure accountants, it's essential to understand Procure Space's liquidity, profitability, and earnings quality within the context of the Procure ETF Trust II space in which it operates.
Procure Space Etf Summary
Procure Space competes with SPDR SP, ARK Space, Iridium Communications, and 3D Printing. 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.| Instrument | USA Etf View All |
| Exchange | NASDAQ Exchange |
| ISIN | US74280R2058 |
| CUSIP | 74280R205 |
| Region | Global |
| Investment Issuer | ProcureAM |
| Etf Family | Procure ETF Trust II |
| Fund Category | Strategy |
| Portfolio Concentration | Theme |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
Procure Space Key Financial Ratios
Procure Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Procure Space's current stock value. Our valuation model uses many indicators to compare Procure Space value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Procure Space competition to find correlations between indicators driving Procure Space's intrinsic value. More Info.Procure Space ETF is rated first in beta as compared to similar ETFs. It is rated first in one year return as compared to similar ETFs reporting about 27.98 of One Year Return per Beta. 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 Procure Space's earnings, one of the primary drivers of an investment's value.Procure Space ETF Systematic Risk
Procure Space's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Procure Space volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on Procure Space ETF correlated with the market. If Beta is less than 0 Procure Space generally moves in the opposite direction as compared to the market. If Procure Space Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Procure Space ETF is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Procure Space is generally in the same direction as the market. If Beta > 1 Procure Space moves generally in the same direction as, but more than the movement of the benchmark.
Procure Space Thematic Clasifications
Procure Space ETF is part of several thematic ideas from Strategy ETFs to Theme ETFs. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasProcure Space December 17, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Procure Space help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Procure Space ETF. We use our internally-developed statistical techniques to arrive at the intrinsic value of Procure Space ETF based on widely used predictive technical indicators. In general, we focus on analyzing Procure Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Procure Space's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.19 | |||
| Information Ratio | 0.1699 | |||
| Maximum Drawdown | 6.43 | |||
| Value At Risk | (1.71) | |||
| Potential Upside | 3.51 |
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 Stocks Directory module to find actively traded stocks across global markets.
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.