Procure Space Etf Buy Hold or Sell Recommendation
| UFO Etf | USD 23.47 0.70 2.90% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Procure Space ETF is 'Strong Sell'. The recommendation algorithm takes into account all of Procure Space's available fundamental, technical, and predictive indicators you will find on this site.
Check out Procure Space Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual funds such as Procure and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards 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.
Procure |
Execute Procure Space Buy or Sell Advice
The Procure recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Procure Space ETF. Macroaxis does not own or have any residual interests in Procure Space ETF or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Procure Space's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Solid | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Moves indifferently to market moves | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Not Available | Details | |
Financial Leverage | Not Rated | Details |
Procure Space Trading Alerts and Improvement Suggestions
| The fund generated three year return of -2.0% | |
| Procure Space ETF keeps 99.55% of its net assets in stocks |
Procure Space Returns Distribution Density
The distribution of Procure Space's historical returns is an attempt to chart the uncertainty of Procure Space's future price movements. The chart of the probability distribution of Procure Space daily returns describes the distribution of returns around its average expected value. We use Procure Space ETF price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Procure Space returns is essential to provide solid investment advice for Procure Space.
| Mean Return | 0.44 | Value At Risk | -1.76 | Potential Upside | 3.51 | Standard Deviation | 1.63 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Procure Space historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Procure Space Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Procure Space or Procure ETF Trust II sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Procure Space's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Procure etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.43 | |
β | Beta against Dow Jones | -0.0054 | |
σ | Overall volatility | 1.61 | |
Ir | Information ratio | 0.19 |
Procure Space Volatility Alert
Procure Space ETF has relatively low volatility with skewness of 0.27 and kurtosis of -0.14. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Procure Space's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Procure Space's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Procure Space Fundamentals Vs Peers
Comparing Procure Space's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Procure Space's direct or indirect competition across all of the common fundamentals between Procure Space and the related equities. This way, we can detect undervalued stocks with similar characteristics as Procure Space or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of Procure Space's fundamental indicators could also be used in its relative valuation, which is a method of valuing Procure Space by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Procure Space to competition |
| Fundamentals | Procure Space | Peer Average |
| Beta | 1.22 | |
| One Year Return | 49.70 % | (0.97) % |
| Three Year Return | (1.70) % | 3.23 % |
| Five Year Return | 1.30 % | 1.12 % |
| Net Asset | 52.86 M | 2.29 B |
| Last Dividend Paid | 0.067 | 0.14 |
| Equity Positions Weight | 99.55 % | 52.82 % |
Procure Space Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Procure . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Procure Space Buy or Sell Advice
When is the right time to buy or sell Procure Space ETF? Buying financial instruments such as Procure Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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In addition to having Procure Space in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Procure Space Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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.