Etfmg Prime Mobile Etf Fundamentals
| IPAY Etf | USD 49.90 1.21 2.49% |
ETFMG Prime Mobile fundamentals help investors to digest information that contributes to ETFMG Prime's financial success or failures. It also enables traders to predict the movement of ETFMG Etf. The fundamental analysis module provides a way to measure ETFMG Prime'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 ETFMG Prime etf.
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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.ETFMG Price To Sales Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ETFMG Prime's direct or indirect competition against its Price To Sales to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of ETFMG Prime could also be used in its relative valuation, which is a method of valuing ETFMG Prime by comparing valuation metrics of similar companies.ETFMG Prime is currently under evaluation in price to sales as compared to similar ETFs.
Fund Asset Allocation for ETFMG Prime
The fund consists of 98.65% investments in stocks, with the rest of investments allocated between bondsand various exotic instruments.Asset allocation divides ETFMG Prime's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
ETFMG Fundamentals
| Price To Earning | 22.11 X | |||
| Price To Book | 3.64 X | |||
| Price To Sales | 2.44 X | |||
| Number Of Employees | 384 | |||
| Beta | 1.4 | |||
| Total Asset | 507.27 M | |||
| One Year Return | 11.40 % | |||
| Three Year Return | (12.40) % | |||
| Five Year Return | 3.30 % | |||
| Net Asset | 507.27 M | |||
| Last Dividend Paid | 0.015 | |||
| Equity Positions Weight | 98.65 % | |||
| Bond Positions Weight | 0.17 % |
About ETFMG Prime Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ETFMG Prime Mobile's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ETFMG Prime using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ETFMG Prime Mobile 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.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.
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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.