ProShares Ultra Competition
| QLD Etf | USD 74.36 0.40 0.54% |
ProShares Ultra vs IShares MSCI Correlation
Weak diversification
The correlation between ProShares Ultra QQQ and SCZ is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Ultra QQQ and SCZ in the same portfolio, assuming nothing else is changed.
Moving together with ProShares Etf
| 0.79 | SSO | ProShares Ultra SP500 Sell-off Trend | PairCorr |
| 0.82 | SPXL | Direxion Daily SP500 Sell-off Trend | PairCorr |
| 0.83 | UPRO | ProShares UltraPro SP500 Sell-off Trend | PairCorr |
Moving against ProShares Etf
ProShares Ultra Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between ProShares Ultra 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 Ultra QQQ does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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ProShares Ultra Constituents Risk-Adjusted Indicators
There is a big difference between ProShares Etf performing well and ProShares Ultra 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 Ultra's 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| XLG | 0.61 | (0.02) | (0.04) | 0.04 | 0.89 | 1.11 | 4.45 | |||
| DFIC | 0.56 | 0.14 | 0.17 | 0.30 | 0.37 | 1.10 | 2.45 | |||
| IGV | 1.13 | (0.31) | 0.00 | (0.34) | 0.00 | 1.41 | 5.08 | |||
| MGV | 0.51 | 0.04 | 0.04 | 0.12 | 0.41 | 1.21 | 2.61 | |||
| CIBR | 0.88 | (0.10) | 0.00 | (1.07) | 0.00 | 1.61 | 4.48 | |||
| AMLP | 0.46 | 0.13 | 0.10 | 1.69 | 0.43 | 1.01 | 3.09 | |||
| AVUS | 0.57 | 0.03 | 0.02 | 0.10 | 0.73 | 1.29 | 3.18 | |||
| ESGD | 0.57 | 0.12 | 0.09 | 0.88 | 0.55 | 1.18 | 3.04 | |||
| NOBL | 0.53 | 0.07 | 0.08 | 0.20 | 0.44 | 1.24 | 3.16 | |||
| SCZ | 0.55 | 0.14 | 0.12 | 1.03 | 0.47 | 1.21 | 2.91 |
ProShares Ultra Competitive Analysis
The better you understand ProShares Ultra competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, ProShares Ultra's 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 Ultra's 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 Ultra Competition Performance Charts
Five steps to successful analysis of ProShares Ultra Competition
ProShares Ultra's 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 Ultra QQQ in relation to its competition. ProShares Ultra's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of ProShares Ultra 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 Ultra's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to ProShares Ultra QQQ, 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 Ultra position
In addition to having ProShares Ultra 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?
Run Junk Bonds Funds Thematic Idea Now
Junk Bonds Funds
Funds or Etfs that invest most of their assets into speculative (junk) bonds or to other fixed income instruments with interest rates 3 to 4 percentage points above government issues. The Junk Bonds Funds theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Junk Bonds Funds Theme or any other thematic opportunities.
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Check out ProShares Ultra Correlation with its peers. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
The market value of ProShares Ultra QQQ is measured differently than its book value, which is the value of ProShares that is recorded on the company's balance sheet. Investors also form their own opinion of ProShares Ultra's value that differs from its market value or its book value, called intrinsic value, which is ProShares Ultra's true underlying value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Because ProShares Ultra's market value can be influenced by many factors that don't directly affect ProShares Ultra's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
It's important to distinguish between ProShares Ultra's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding ProShares Ultra should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, ProShares Ultra's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.