ProShares Competition
| MAKX Etf | USD 53.13 1.02 1.88% |
ProShares vs Ned Davis Correlation
Very poor diversification
The correlation between ProShares SP Kensho and NDAA is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares SP Kensho and NDAA in the same portfolio, assuming nothing else is changed.
Moving together with ProShares Etf
Moving against ProShares Etf
ProShares Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between ProShares and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of ProShares and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of ProShares SP Kensho does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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ProShares Constituents Risk-Adjusted Indicators
There is a big difference between ProShares Etf performing well and ProShares ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze ProShares' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HWAY | 0.88 | 0.13 | 0.12 | 0.15 | 0.91 | 1.97 | 4.54 | |||
| SJCP | 0.06 | 0.01 | (0.29) | 1.08 | 0.00 | 0.16 | 0.44 | |||
| CARD | 3.44 | (0.01) | 0.00 | 0.04 | 0.00 | 7.09 | 19.12 | |||
| OOQB | 2.93 | (0.96) | 0.00 | (0.42) | 0.00 | 5.01 | 17.25 | |||
| FCFY | 0.80 | (0.04) | (0.04) | 0.00 | 0.98 | 1.85 | 4.97 | |||
| CTEX | 2.24 | (0.03) | 0.00 | 0.02 | 3.09 | 4.07 | 14.00 | |||
| HFEQ | 1.01 | 0.01 | 0.01 | 0.04 | 1.43 | 2.20 | 6.26 | |||
| FTIF | 0.79 | 0.22 | 0.18 | 1.32 | 0.74 | 1.96 | 3.80 | |||
| CLOD | 1.16 | (0.48) | 0.00 | (0.49) | 0.00 | 1.52 | 6.65 | |||
| NDAA | 0.48 | 0.01 | (0.01) | 0.05 | 0.60 | 0.89 | 2.78 |
ProShares Competitive Analysis
The better you understand ProShares competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, ProShares' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across ProShares' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
ProShares Competition Performance Charts
Five steps to successful analysis of ProShares Competition
ProShares' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by ProShares SP Kensho in relation to its competition. ProShares' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of ProShares in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact ProShares' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to ProShares SP Kensho, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your ProShares position
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Macroaxis Picks
Daily selected watch list of stocks of large companies handpicked by Macroaxis Team based on their diversification potential. The Macroaxis Picks theme has 50 constituents at this time.
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Check out ProShares Correlation with its peers. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Investors evaluate ProShares SP Kensho using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating ProShares' intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. External factors like market trends, sector rotation, and investor psychology can cause ProShares' market price to deviate significantly from intrinsic value.
Understanding that ProShares' value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether ProShares represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. Conversely, ProShares' market price signifies the transaction level at which participants voluntarily complete trades.