ProShares Ultra Competition

ROM Etf

USD 93.61 3.83 3.93%

ProShares Ultra Tech competes with Invesco Dynamic, IShares Cybersecurity, ProShares Ultra, T Rowe, and T Rowe; as well as few others. Analyzing ProShares Ultra competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of ProShares Ultra to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out ProShares Ultra Correlation with its peers.

ProShares Ultra vs Capital Group Correlation

Significant diversification

The correlation between ProShares Ultra Technology and CGCV is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Ultra Technology and CGCV in the same portfolio, assuming nothing else is changed.

Moving together with ProShares Etf

0.72

QLD

ProShares Ultra QQQ

Pair Corr

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Hype

Prediction

Low	Estimated	High
91.09	93.61	96.13

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Intrinsic

Valuation

Low	Real	High
90.45	92.97	95.49

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Naive

Forecast

Low	Next	High
92.79	95.30	97.82

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Bollinger

Band Projection (param)

Lower	Middle Band	Upper
91.98	96.01	100.04

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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 Tech does not affect the price movement of the other competitor.

	PSI	IHAK	UYG	TMSL	TGRW	SUSL	PEY	VMMSX	IWC	CGCV
PSI		-0.43	0.37	0.95	-0.2	0.83	0.92	0.95	0.93	0.87	PSI
IHAK	-0.43		-0.12	-0.45	0.62	-0.26	-0.35	-0.5	-0.41	-0.43	IHAK
UYG	0.37	-0.12		0.55	0.1	0.55	0.41	0.24	0.5	0.6	UYG
TMSL	0.95	-0.45	0.55		-0.22	0.84	0.93	0.87	0.98	0.94	TMSL
TGRW	-0.2	0.62	0.1	-0.22		0.22	-0.17	-0.25	-0.2	-0.14	TGRW
SUSL	0.83	-0.26	0.55	0.84	0.22		0.81	0.8	0.81	0.83	SUSL
PEY	0.92	-0.35	0.41	0.93	-0.17	0.81		0.88	0.91	0.87	PEY
VMMSX	0.95	-0.5	0.24	0.87	-0.25	0.8	0.88		0.82	0.83	VMMSX
IWC	0.93	-0.41	0.5	0.98	-0.2	0.81	0.91	0.82		0.9	IWC
CGCV	0.87	-0.43	0.6	0.94	-0.14	0.83	0.87	0.83	0.9		CGCV
	PSI	IHAK	UYG	TMSL	TGRW	SUSL	PEY	VMMSX	IWC	CGCV

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High positive correlations

IWC	+ 0.98	TMSL
TMSL	+ 0.95	PSI
VMMSX	+ 0.95	PSI
CGCV	+ 0.94	TMSL
IWC	+ 0.93	PSI
PEY	+ 0.93	TMSL

High negative correlations

VMMSX	- 0.5	IHAK
TMSL	- 0.45	IHAK
CGCV	- 0.43	IHAK
IHAK	- 0.43	PSI
IWC	- 0.41	IHAK
PEY	- 0.35	IHAK

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
PSI	1.84	0.25	0.12	0.18	2.11	(1.95)	4.11	(4.33)	9.78
IHAK	0.96	(0.24)	0.00	(0.22)	0.00	0.00	1.65	(2.05)	5.13
UYG	1.35	(0.05)	0.00	0.02	1.92	(1.29)	2.44	(3.41)	8.45
TMSL	0.76	0.06	0.06	0.10	0.80	(0.83)	1.79	(1.57)	4.02
TGRW	0.75	(0.08)	0.00	(2.38)	0.00	0.00	1.30	(1.95)	5.39
SUSL	0.56	0.02	(0.02)	0.34	0.90	(0.48)	1.05	(1.49)	4.12
PEY	0.72	0.02	0.02	0.07	0.76	(0.79)	1.85	(1.45)	3.77
VMMSX	0.59	0.13	0.15	0.28	0.49	(0.67)	1.55	(1.09)	4.07
IWC	1.11	0.07	0.05	0.10	1.42	(1.04)	2.13	(1.92)	5.01
CGCV	0.50	(0.01)	(0.03)	0.04	0.63	(0.50)	0.84	(1.01)	3.25

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

	ROM	PSI	IHAK	UYG	TMSL	TGRW	SUSL	PEY	VMMSX	IWC
	3.93 93.61 ProShares	0.68 94.67 Invesco	0.58 46.45 IShares	1.98 88.41 ProShares	1.19 38.21 TMSL	0.00 45.07 TGRW	0.19 123.25 IShares	0.65 21.77 Invesco	0.1 30.84 Vanguard	1.69 169.70 IShares
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Weakest	Good	Weakest	Soft	Good	Weakest	Mild	Fair	Solid	Good
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Under Valued	Fairly Valued	Fairly Valued	Under Valued	Fairly Valued	Fairly Valued	Under Valued	Under Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Strong Buy	Strong Hold	Hold	Buy	Sell	Sell	Buy	Strong Buy	Buy
Net Asset	315.41 M	441.72 M	497.47 M	461.02 M	N/A	35.51 M	2.83 B	1.23 B	1.06 B	836.45 M
Minimum Initial Investment	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	3 K	N/A
Price To Book	4.06	2.7	N/A	1.57	N/A	N/A	N/A	1.09	1.21	1.49
Five Year Return	19.9	18.4	2.6	18.7	N/A	9.4	15.2	8.1	6.89	6.1
One Year Return	27.5	43.1	-8.9	1.8	11.7	10.2	18.9	3.0	49.02	31.6
Last Dividend Paid	0.14	0.17	0.12	0.054	N/A	N/A	0.23	0.0603	0.04	0.23
Price To Earning	19.59	2.76	N/A	16.68	N/A	N/A	N/A	3.14	12.47	19.12
Beta	2.59	1.87	0.79	1.88	N/A	1.17	1.06	0.78	N/A	1.41
Price To Sales	3.16	2.95	N/A	2.79	N/A	N/A	N/A	1.64	0.84	0.9
Equity Positions Weight	199.91	99.93	104.64	200.06	N/A	99.32	99.84	100.0	99.0	100.01
Cash Position Weight	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	1.0	N/A
Three Year Return	52.2	34.4	10.7	24.0	N/A	25.6	21.8	5.4	16.6	15.5
Annual Yield	N/A	N/A	N/A	N/A	0.0034	N/A	N/A	N/A	0.0232	N/A
Year To Date Return	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	11.97	N/A
Ten Year Return	36.9	28.7	N/A	18.8	N/A	N/A	N/A	9.9	N/A	11.7
Day Typical Price	94.6	94.67	46.36	87.86	38.05	45.03	123.1	21.7	30.84	168.76
Accumulation Distribution	0.0321	N/A	0.0058	974.51	4578.84	0.006	0.007	3033.61	N/A	0.0166
Market Facilitation Index	3.1	N/A	0.27	1.0E-4	0.0	0.27	0.87	0.0	N/A	2.82
Daily Balance Of Power	(1.24)	0	1.0	0.8	0.6618	N/A	0.2644	0.5	9.2 T	1.0
Period Momentum Indicator	(3.83)	(0.65)	0.27	1.72	0.45	N/A	0.23	0.14	0.03	2.82
Rate Of Daily Change	0.96	0.99	1.01	1.02	1.01	1.0	1.0	1.01	1.0	1.02
Day Median Price	95.09	94.67	46.32	87.59	37.97	45.01	123.03	21.66	30.84	168.29
Price Action Indicator	(3.40)	(0.32)	0.27	1.68	0.46	0.065	0.34	0.18	0.015	2.82
Relative Strength Index	46.22	60.72	37.61	N/A	N/A	44.99	53.69	61.46	69.61	56.82
Coefficient Of Variation	(2,156)	685.2	(663.46)	3207.4	825.82	(1,446)	2273.39	1335.66	453.95	1060.9
Mean Deviation	1.96	1.84	0.9609	1.35	0.7579	0.7537	0.5606	0.7228	0.5916	1.11
Jensen Alpha	(0.12)	0.2461	(0.24)	(0.05)	0.0593	(0.08)	0.021	0.0229	0.1331	0.0653
Total Risk Alpha	(0.29)	0.1853	(0.27)	(0.06)	0.0473	(0.14)	(0.02)	0.0016	0.1115	0.0336
Sortino Ratio	N/A	0.1179	N/A	(0.0006)	0.0646	N/A	(0.02)	0.0162	0.1493	0.0473
Downside Variance	N/A	5.86	N/A	3.87	0.939	N/A	0.9508	0.7382	0.5809	2.41
Standard Deviation	2.54	2.34	1.23	1.75	0.9774	1.01	0.7781	0.931	0.7698	1.37
Kurtosis	0.112	(0.07)	1.58	0.2792	0.0819	0.9382	1.08	(0.07)	0.6362	(0.33)
Potential Upside	2.97	4.11	1.65	2.44	1.79	1.3	1.05	1.85	1.55	2.13
Treynor Ratio	0.9766	0.1779	(0.22)	0.0225	0.1011	(2.38)	0.3412	0.0743	0.2759	0.1012
Maximum Drawdown	11.52	9.78	5.13	8.45	4.02	5.39	4.12	3.77	4.07	5.01
Variance	6.46	5.47	1.52	3.06	0.9554	1.02	0.6055	0.8667	0.5926	1.88
Market Risk Adjusted Performance	0.9866	0.1879	(0.21)	0.0325	0.1111	(2.37)	0.3512	0.0843	0.2859	0.1112
Risk Adjusted Performance	(0.03)	0.1138	(0.11)	0.0287	0.0913	(0.05)	0.0328	0.057	0.1619	0.0737
Skewness	(0.61)	(0.37)	(0.82)	(0.42)	0.0414	(0.16)	(0.51)	0.3502	(0.13)	(0.24)
Semi Deviation	N/A	2.11	N/A	1.92	0.8044	N/A	0.8976	0.7614	0.4867	1.42
Information Ratio	(0.07)	0.1221	(0.20)	(0.0007)	0.0641	(0.12)	(0.03)	0.015	0.1479	0.0536
Value At Risk	(5.17)	(4.33)	(2.05)	(3.41)	(1.57)	(1.95)	(1.49)	(1.45)	(1.09)	(1.92)
Expected Short fall	N/A	(1.95)	N/A	(1.29)	(0.83)	N/A	(0.48)	(0.79)	(0.67)	(1.04)
Downside Deviation	N/A	2.42	N/A	1.97	0.969	N/A	0.9751	0.8592	0.7622	1.55
Semi Variance	N/A	4.45	N/A	3.68	0.647	N/A	0.8056	0.5797	0.2369	2.01

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 Tech 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 Tech, 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.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

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.

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Railroads

Companies involved in manufacturing and maintenance of freight railroads and passenger trains as well as providing railroad services to public. The Railroads theme has 38 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 Railroads Theme or any other thematic opportunities.

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When determining whether ProShares Ultra Tech is a strong investment it is important to analyze ProShares Ultra's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ProShares Ultra's future performance. For an informed investment choice regarding ProShares Etf, refer to the following important reports:

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Check out ProShares Ultra Correlation with its peers.

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Investors evaluate ProShares Ultra Tech using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating ProShares Ultra's intrinsic value—the estimated true worth—helps identify when the stock trades at a discount or premium to fair value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. External factors like market trends, sector rotation, and investor psychology can cause ProShares Ultra's market price to deviate significantly 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. Conversely, ProShares Ultra's market price signifies the transaction level at which participants voluntarily complete trades.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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ProShares Ultra Competition

ProShares Ultra vs Capital Group Correlation

Significant diversification

Moving together with ProShares Etf

Specify up to 10 symbols:

ProShares Ultra Competition Correlation Matrix

High positive correlations

High negative correlations

ProShares Ultra Constituents Risk-Adjusted Indicators

ProShares Ultra Competitive Analysis

ProShares Ultra Competition Performance Charts

Five steps to successful analysis of ProShares Ultra Competition

Complement your ProShares Ultra position

Did You Try This Idea?

Run Railroads Thematic Idea Now

Railroads

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