Sonora Resources Financials
| SURE Etf | USD 125.87 0.57 0.45% |
Net Expense Ratio 0.009 |
Sonora |
The data published in Sonora Resources' official financial statements typically reflect Sonora Resources' business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Sonora Resources' quantitative information. For example, before you start analyzing numbers published by Sonora accountants, it's essential to understand Sonora Resources' liquidity, profitability, and earnings quality within the context of the Metals & Mining space in which it operates.
Please note, the presentation of Sonora Resources' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Sonora Resources' management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Sonora Resources' management manipulating its earnings.
Sonora Resources Etf Summary
Sonora Resources competes with IShares Small, Invesco ESG, Invesco ESG, and BlackRock Carbon. The fund is an actively-managed exchange-traded fund that seeks to achieve its investment objective by primarily investing in a portfolio of U.S. traded companies selected from a universe of the largest 3,000 U.S. equity securities based on market capitalization. Advisorshares Doubleline is traded on NYSEARCA Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US86866R1023 |
| CUSIP | 00768Y818 |
| Region | North America |
| Investment Issuer | AdvisorShares |
| Location | Maryland; U.S.A |
| Business Address | Cerro del Padre |
| Etf Family | Metals & Mining |
| Fund Category | Strategy |
| Portfolio Concentration | Alpha-Seeking |
| Benchmark | Dow Jones Industrial |
| Website | www.sonoraresources.com |
| Phone | (202) 684 6383 |
| Currency | USD - US Dollar |
Sonora Resources Key Financial Ratios
Sonora Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Sonora Resources's current stock value. Our valuation model uses many indicators to compare Sonora Resources value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Sonora Resources competition to find correlations between indicators driving Sonora Resources's intrinsic value. More Info.Sonora Resources Corp is presently regarded as number one ETF in price to earning as compared to similar ETFs. It also is presently regarded as number one ETF in beta as compared to similar ETFs totaling about 19.60 of Beta per Price To Earning. Comparative valuation analysis is a catch-all technique that is used if you cannot value Sonora Resources by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Sonora Resources Corp Systematic Risk
Sonora Resources' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Sonora Resources volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Sonora Resources Corp correlated with the market. If Beta is less than 0 Sonora Resources generally moves in the opposite direction as compared to the market. If Sonora Resources Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Sonora Resources Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Sonora Resources is generally in the same direction as the market. If Beta > 1 Sonora Resources moves generally in the same direction as, but more than the movement of the benchmark.
About Sonora Resources Financials
What exactly are Sonora Resources Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Sonora Resources' income statement, its balance sheet, and the statement of cash flows. Potential Sonora Resources investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Sonora Resources investors may use each financial statement separately, they are all related. The changes in Sonora Resources's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Sonora Resources'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. Please read more on our technical analysis and fundamental analysis pages.Sonora Resources Thematic Clasifications
Sonora Resources Corp is part of Strategy ETFs investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA ETFs from Strategy clasification. ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs
This theme covers USA ETFs from Strategy clasification. ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. Get More Thematic Ideas
| Strategy ETFs | View |
Sonora Resources December 1, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Sonora Resources help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Sonora Resources Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Sonora Resources Corp based on widely used predictive technical indicators. In general, we focus on analyzing Sonora Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Sonora Resources's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.7578 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.35 | |||
| Value At Risk | (0.94) | |||
| Potential Upside | 1.27 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sonora Resources Corp. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
The market value of Sonora Resources Corp is measured differently than its book value, which is the value of Sonora that is recorded on the company's balance sheet. Investors also form their own opinion of Sonora Resources' value that differs from its market value or its book value, called intrinsic value, which is Sonora Resources' 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 Sonora Resources' market value can be influenced by many factors that don't directly affect Sonora Resources' 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 Sonora Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sonora Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sonora Resources' 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.