Procure Space Valuation
| UFO Etf | USD 23.38 0.42 1.83% |
At this time, the etf appears to be undervalued. Procure Space ETF holds a recent Real Value of $24.86 per share. The prevailing price of the etf is $23.38. Our model determines the value of Procure Space ETF from analyzing the etf fundamentals such as Last Dividend Paid of 0.067, one year return of 36.10 %, and Number Of Employees of 643 as well as examining its technical indicators and probability of bankruptcy.
Undervalued
Today
Please note that Procure Space's price fluctuation is very steady at this time. Calculation of the real value of Procure Space ETF is based on 3 months time horizon. Increasing Procure Space's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since Procure Space is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Procure Etf. However, Procure Space's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 23.38 | Real 24.86 | Hype 23.12 | Naive 22.46 |
The intrinsic value of Procure Space's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Procure Space's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Procure Space ETF helps investors to forecast how Procure etf's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Procure Space more accurately as focusing exclusively on Procure Space's fundamentals will not take into account other important factors: About Procure Space Valuation
We use absolute and relative valuation methodologies to arrive at the intrinsic value of Procure Space ETF. In general, an absolute valuation paradigm, as applied to this etf, attempts to find the value of Procure Space ETF based exclusively on its fundamental and basic technical indicators. By analyzing Procure Space's financials, quarterly and monthly indicators, and their related drivers, we attempt to find the most accurate representation of Procure Space's intrinsic value. As compared to an absolute model, our relative valuation model uses a comparative analysis of Procure Space. We calculate exposure to Procure Space's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of Procure Space's related companies.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.
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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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.