Proshares Ultrashort Silver Etf Price To Book
| ZSL Etf | USD 24.50 0.35 1.41% |
Fundamental analysis of ProShares UltraShort allows traders to better anticipate movements in ProShares UltraShort's stock price by examining its financial health and performance throughout various phases of its business cycle.
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ProShares UltraShort Silver ETF Price To Book Analysis
ProShares UltraShort's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
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Based on the latest financial disclosure, ProShares UltraShort Silver has a Price To Book of 0.0 times. This is 100.0% lower than that of the ProShares family and about the same as Trading--Inverse Commodities (which currently averages 0.0) category. The price to book for all United States etfs is 100.0% higher than that of the company.
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ProShares Fundamentals
| Beta | -1.69 | |||
| Total Asset | 33.77 M | |||
| One Year Return | (52.90) % | |||
| Three Year Return | (43.50) % | |||
| Five Year Return | (32.90) % | |||
| Ten Year Return | (31.30) % | |||
| Net Asset | 33.77 M | |||
| Equity Positions Weight | (83.68) % |
About ProShares UltraShort Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ProShares UltraShort Silver's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ProShares UltraShort using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ProShares UltraShort Silver 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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The market value of ProShares UltraShort 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 UltraShort's value that differs from its market value or its book value, called intrinsic value, which is ProShares UltraShort'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 UltraShort's market value can be influenced by many factors that don't directly affect ProShares UltraShort'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 UltraShort's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares UltraShort is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares UltraShort'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.