21shares Ripple Xrp Etf Price To Sales
21Shares Ripple XRP fundamentals help investors to digest information that contributes to 21Shares Ripple's financial success or failures. It also enables traders to predict the movement of 21Shares Etf. The fundamental analysis module provides a way to measure 21Shares Ripple'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 21Shares Ripple etf.
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21Shares Ripple XRP ETF Price To Sales Analysis
21Shares Ripple's Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
Based on the latest financial disclosure, 21Shares Ripple XRP has a Price To Sales of 0.0 times. This indicator is about the same for the 21Shares AG average (which is currently at 0.0) family and about the same as Price To Sales (which currently averages 0.0) category. This indicator is about the same for all Switzerland etfs average (which is currently at 0.0).
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21Shares Fundamentals
| Total Asset | 35.94 M | |||
| One Year Return | (69.88) % | |||
| Net Asset | 35.94 M |
About 21Shares Ripple Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze 21Shares Ripple XRP's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of 21Shares Ripple using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of 21Shares Ripple XRP 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.
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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.Other Information on Investing in 21Shares Etf
21Shares Ripple financial ratios help investors to determine whether 21Shares Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in 21Shares with respect to the benefits of owning 21Shares Ripple security.