ETFMG Prime Financial Statements From 2010 to 2024
| IPAY Etf | USD 49.72 1.15 2.26% |
Check ETFMG Prime financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ETFMG main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . ETFMG financial statements analysis is a perfect complement when working with ETFMG Prime Valuation or Volatility modules.
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ETFMG Prime Mobile ETF Price To Sales Analysis
ETFMG Prime'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.
Current ETFMG Prime Price To Sales | 2.44 X |
Most of ETFMG Prime's fundamental indicators, such as Price To Sales, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ETFMG Prime Mobile is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
| Competition |
Based on the latest financial disclosure, ETFMG Prime Mobile has a Price To Sales of 2.44 times. This is much higher than that of the ETFMG family and significantly higher than that of the Miscellaneous Sector category. The price to sales for all United States etfs is notably lower than that of the firm.
ETFMG Prime Mobile Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining ETFMG Prime's current stock value. Our valuation model uses many indicators to compare ETFMG Prime value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across ETFMG Prime competition to find correlations between indicators driving ETFMG Prime's intrinsic value. More Info.ETFMG Prime Mobile is considered the top ETF in price to earning as compared to similar ETFs. It is considered the top ETF in price to book as compared to similar ETFs fabricating about 0.16 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for ETFMG Prime Mobile is roughly 6.07 . Comparative valuation analysis is a catch-all model that can be used if you cannot value ETFMG Prime by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for ETFMG Prime's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. 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 ETFMG Prime's earnings, one of the primary drivers of an investment's value.About ETFMG Prime Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include ETFMG Prime income statement, its balance sheet, and the statement of cash flows. ETFMG Prime investors use historical funamental indicators, such as ETFMG Prime's revenue or net income, to determine how well the company is positioned to perform in the future. Although ETFMG Prime investors may use each financial statement separately, they are all related. The changes in ETFMG Prime's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on ETFMG Prime's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on ETFMG Prime Financial Statements. Understanding these patterns can help to make the right decision on long term investment in ETFMG Prime. Please read more on our technical analysis and fundamental analysis pages.
The index tracks the performance of the exchange-listed equity securities of companies across the globe that engage in providing payment processing services or applications, provide payment solutions, build or provide payment industry architecture, infrastructure or software or, provide services as a credit card network. Etfmg Prime is traded on NYSEARCA Exchange in the United States.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ETFMG Prime in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ETFMG Prime's short interest history, or implied volatility extrapolated from ETFMG Prime options trading.
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Try AI Portfolio ArchitectCheck out the analysis of ETFMG Prime Correlation against competitors. Note that the ETFMG Prime Mobile information on this page should be used as a complementary analysis to other ETFMG Prime's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
The market value of ETFMG Prime Mobile is measured differently than its book value, which is the value of ETFMG that is recorded on the company's balance sheet. Investors also form their own opinion of ETFMG Prime's value that differs from its market value or its book value, called intrinsic value, which is ETFMG Prime'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 ETFMG Prime's market value can be influenced by many factors that don't directly affect ETFMG Prime'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 ETFMG Prime's value and its price as these two are different measures arrived at by different means. Investors typically determine if ETFMG Prime is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETFMG Prime'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.