ProShares Ultra Competition

Etfs . USA . 
Etf . ProShares Ultra Euro
ULE Etf  USD 13.39  0.02  0.15%   
ProShares Ultra Euro competes with Morningstar Unconstrained, High-yield Municipal, Thrivent High, Via Renewables, 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 Ab Small Correlation

Very weak diversification

The correlation between ProShares Ultra Euro and QUAYX is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Ultra Euro and QUAYX in the same portfolio, assuming nothing else is changed.

Moving against ProShares Etf

  0.99EUO ProShares UltraShort EuroPairCorr
  0.95UUP Invesco DB Dollar Sell-off TrendPairCorr
  0.67VXZ iPath Series BPairCorr
  0.62VXX iPath Series B Buyout TrendPairCorr
  0.62VIXY ProShares VIX Short Buyout TrendPairCorr
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
12.5913.3914.19
Details
Intrinsic
Valuation
LowRealHigh
11.8312.6313.43
Details

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

High positive correlations

RRTLX
+ 0.97
MSTSX
RRTLX
+ 0.92
VIASP
VIASP
+ 0.91
MSTSX
RRTLX
+ 0.86
LBHIX
LBHIX
+ 0.82
MSTSX
VIASP
+ 0.82
ABHYX
  

High negative correlations

SCAXF
- 0.67
ABHYX
VIASP
- 0.65
SCAXF
RRTLX
- 0.54
SCAXF
SCAXF
- 0.54
MSTSX
WQTM
- 0.53
SCAXF
AMPL
- 0.37
WQTM

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MSTSX  0.64  0.22  0.23  1.59  0.17 
(0.79)
 1.45 
(1.01)
 12.28 
ABHYX  0.08  0.01 (0.25) 1.68  0.00 
(0.17)
 0.23 
(0.12)
 0.92 
LBHIX  0.14  0.04 (0.17) 0.47  0.00 
(0.24)
 0.24 
(0.23)
 2.15 
SCAXF  12.02  4.79  0.00 (39.91) 0.00 
 0.00 
 0.00 
 0.00 
 466.19 
VIASP  0.29  0.03 (0.09) 2.89  0.26 
(0.33)
 0.68 
(0.69)
 2.04 
RRTLX  0.28  0.05  0.02  0.22  0.00 
(0.36)
 0.58 
(0.49)
 3.30 
WQTM  1.73 (0.03) 0.00 (0.15) 0.00 
 0.00 
 3.48 
(3.52)
 8.51 
OSHDF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
AMPL  3.87  0.24  0.03 (0.23) 4.11 
(5.30)
 10.26 
(7.81)
 34.99 
QUAYX  1.22 (0.05)(0.02) 0.03  1.67 
(1.17)
 2.08 
(2.41)
 6.54 

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
ULE MSTSX ABHYX LBHIX SCAXF VIASP RRTLX WQTM OSHDF AMPL
 0.15 
 13.39 
ProShares
 0.09 
 11.41 
Morningstar
 0.23 
 8.80 
High-yield
 0.06 
 17.22 
Thrivent
 0.00 
 0 
Sparta
 0.27 
 25.60 
Via
 0.46 
 12.94 
RRTLX
 1.26 
 26.66 
WisdomTree
 0.00 
 0.04 
Oshidori
 1.63 
 1.21 
AMPL
Market Volatility
(90 Days Market Risk)
Very steady
Not too volatile
Very steady
Very steady
Out of control
Very steady
Very steady
Very steady
Very steady
Unusually risky
Market Performance
(90 Days Performance)
Mild
Good
Good
Solid
Fair
Fair
Solid
Soft
Weakest
Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Low
Average
Low
Fair
High
Small
Current Valuation
(Equity Enterprise Value)
Over Valued
Under Valued
Over Valued
Over Valued
Fairly Valued
Fairly Valued
Over Valued
Over Valued
Over Valued
Over 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 Sell
Strong Sell
Strong Sell
Strong Hold
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Current Ratio
N/A
N/A
N/A
N/A
0.62
3.49
N/A
N/A
N/A
N/A
Net Asset
13.39 M
116.1 M
560.1 M
797.1 M
3.06 M
355.28 M
1.46 B
N/A
6.31 B
N/A
Profit Margin
N/A
N/A
N/A
N/A
-0.1
0.0094
N/A
N/A
N/A
N/A
EBITDA
N/A
N/A
N/A
N/A
(21.53 K)
33.09 M
N/A
N/A
(3.49 B)
N/A
Price To Book
N/A
N/A
N/A
1.58
34.42
N/A
2.13
N/A
0.005
N/A
Operating Margin
N/A
N/A
N/A
N/A
-0.15
-0.14
N/A
N/A
1.04
N/A
Current Valuation
N/A
N/A
N/A
N/A
5.73 M
535.95 M
N/A
N/A
103.84 M
N/A
Five Year Return
-2.8
9.15
0.85
4.0
N/A
8.97
0.0406
N/A
N/A
N/A
One Year Return
28.7
16.88
2.77
7.95
N/A
N/A
0.067
N/A
N/A
N/A
Beta
24.83
N/A
N/A
N/A
1.75
1.16
N/A
N/A
0.67
N/A
Cash Position Weight
N/A
14.28
0.1
6.56
N/A
N/A
7.22
N/A
N/A
N/A
Equity Positions Weight
N/A
61.63
N/A
0.07
N/A
N/A
38.52
N/A
N/A
N/A
Number Of Employees
127
1
1
1
8
169
1
N/A
31
N/A
Shares Outstanding
N/A
N/A
N/A
N/A
233.95 M
N/A
N/A
N/A
6.11 B
N/A
Three Year Return
6.2
13.02
3.76
8.04
N/A
N/A
0.0491
N/A
N/A
N/A
Cash Flow From Operations
N/A
N/A
N/A
N/A
210.37 K
12.7 M
N/A
N/A
499.26 M
N/A
Annual Yield
N/A
0.0218
0.0041
0.0619
N/A
0.0972
0.0283
N/A
N/A
N/A
Total Debt
N/A
N/A
N/A
N/A
125 K
135 M
N/A
N/A
N/A
N/A
Return On Equity
N/A
N/A
N/A
N/A
N/A
0.017
N/A
N/A
-0.5
N/A
Bond Positions Weight
N/A
22.72
2.0
92.23
N/A
N/A
14.43
N/A
N/A
N/A
Z Score
N/A
N/A
N/A
N/A
37.6
1.0
N/A
N/A
N/A
N/A
Holdings Turnover
N/A
269.0
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Return On Asset
N/A
N/A
N/A
N/A
-0.21
-0.11
N/A
N/A
-0.46
N/A
Book Value Per Share
N/A
N/A
N/A
N/A
-0.002
3.66
N/A
N/A
0.89
N/A
Number Of Shares Shorted
N/A
N/A
N/A
N/A
N/A
4.29 K
N/A
N/A
N/A
N/A
Minimum Initial Investment
N/A
N/A
N/A
2 K
N/A
N/A
N/A
N/A
N/A
N/A
Total Asset
13.39 M
215.11 M
220.42 M
491.38 M
3.06 M
355.28 M
1.03 B
N/A
6.31 B
N/A
Last Dividend Paid
N/A
N/A
0.03
0.02
N/A
0.73
0.14
N/A
N/A
N/A
Debt To Equity
N/A
N/A
N/A
N/A
101.0
0.69
N/A
N/A
N/A
N/A
Short Ratio
N/A
N/A
N/A
N/A
N/A
0.7
N/A
N/A
N/A
N/A
Shares Owned By Institutions
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.84
N/A
Market Capitalization
N/A
50.36 M
N/A
N/A
7.72 M
N/A
N/A
N/A
233.49 M
87.66 K
Price To Earning
N/A
N/A
N/A
35.48
19.55
26.83
18.25
N/A
N/A
N/A
Price To Sales
N/A
N/A
N/A
1.23
0.63
N/A
1.57
N/A
N/A
N/A
Net Income
N/A
N/A
N/A
N/A
(609.44 K)
5.2 M
N/A
N/A
(3.15 B)
N/A
Earnings Per Share
N/A
N/A
N/A
N/A
-0.003
1.17
N/A
N/A
N/A
N/A
Shares Owned By Insiders
N/A
N/A
N/A
N/A
9.51
N/A
N/A
N/A
30.28
N/A
Year To Date Return
N/A
3.1
0.92
0.59
N/A
N/A
-0.0211
N/A
N/A
N/A
Revenue
N/A
N/A
N/A
N/A
5.19 M
393.49 M
N/A
N/A
(3.1 B)
N/A
Ten Year Return
-2.2
N/A
4.84
6.0
N/A
N/A
5.76
N/A
N/A
N/A
Cash And Equivalents
N/A
N/A
N/A
N/A
909.32 K
51.31 M
N/A
N/A
N/A
N/A
Cash Per Share
N/A
N/A
N/A
N/A
N/A
3.23
N/A
N/A
N/A
N/A
Gross Profit
N/A
N/A
N/A
N/A
3.68 M
74.67 M
N/A
N/A
(4.09 B)
N/A
Day Typical Price
13.41
11.41
8.8
17.22
0.0013
25.63
12.94
26.89
0.036
1.21
Accumulation Distribution
25.0
N/A
N/A
N/A
N/A
8.55
N/A
0.0256
N/A
1.2
Market Facilitation Index
0.0
N/A
N/A
N/A
N/A
0.0
N/A
0.7
N/A
6.0E-4
Daily Balance Of Power
(0.29)
9.2 T
9.2 T
0
0.0
0.7
0
(0.49)
0.0
(0.67)
Period Momentum Indicator
(0.02)
0.01
0.02
(0.01)
N/A
0.07
(0.06)
(0.34)
N/A
(0.02)
Rate Of Daily Change
1.0
1.0
1.0
1.0
1.0
1.0
1.0
0.99
1.0
0.98
Day Median Price
13.42
11.41
8.8
17.22
0.0013
25.65
12.94
27.0
0.036
1.21
Price Action Indicator
(0.04)
0.005
0.01
(0.01)
N/A
(0.01)
(0.03)
(0.51)
N/A
(0.01)
Coefficient Of Variation
1039.16
608.66
571.38
469.67
999.4
836.51
512.68
(17,584)
N/A
2812.99
Mean Deviation
0.5862
0.6405
0.0816
0.1361
12.02
0.2851
0.2831
1.73
N/A
3.87
Jensen Alpha
0.0669
0.2204
0.0121
0.0406
4.79
0.0349
0.052
(0.03)
N/A
0.2445
Total Risk Alpha
(0)
0.1031
0.0014
0.0241
0.61
0.0024
0.0379
(0.22)
N/A
(0.30)
Sortino Ratio
(0.01)
0.2338
(0.25)
(0.17)
N/A
(0.09)
0.015
N/A
N/A
0.0259
Downside Variance
0.4363
0.4682
0.0526
0.0188
N/A
0.1566
0.147
N/A
N/A
20.15
Standard Deviation
0.791
1.47
0.1293
0.2713
47.88
0.383
0.4435
2.23
N/A
5.54
Kurtosis
1.01
43.41
4.7
34.71
58.21
0.9789
13.1
0.2973
N/A
3.53
Potential Upside
1.39
1.45
0.2299
0.2418
N/A
0.683
0.5785
3.48
N/A
10.26
Treynor Ratio
(6.12)
1.59
1.68
0.4696
(39.91)
2.89
0.2207
(0.15)
N/A
(0.23)
Maximum Drawdown
4.43
12.28
0.9196
2.15
466.19
2.04
3.3
8.51
N/A
34.99
Variance
0.6256
2.15
0.0167
0.0736
2292.38
0.1467
0.1967
4.96
N/A
30.7
Market Risk Adjusted Performance
(6.11)
1.6
1.69
0.4796
(39.90)
2.9
0.2307
(0.14)
N/A
(0.22)
Risk Adjusted Performance
0.0779
0.1379
0.0893
0.153
0.0911
0.0859
0.1501
0.0017
N/A
0.0374
Skewness
0.622
5.98
(0.12)
5.16
7.28
(0.17)
2.37
0.0169
N/A
1.11
Semi Deviation
0.5022
0.1738
0.0
0.0
N/A
0.2633
0.0
N/A
N/A
4.11
Information Ratio
(0.01)
0.1092
(0.45)
(0.08)
0.0984
(0.09)
0.013
(0.04)
N/A
0.021
Value At Risk
(1.12)
(1.01)
(0.12)
(0.23)
N/A
(0.69)
(0.49)
(3.52)
N/A
(7.81)
Expected Short fall
(0.82)
(0.79)
(0.17)
(0.24)
N/A
(0.33)
(0.36)
N/A
N/A
(5.30)
Downside Deviation
0.6605
0.6843
0.2293
0.137
N/A
0.3957
0.3834
N/A
N/A
4.49
Semi Variance
0.2522
0.0302
(0.01)
(0.05)
N/A
0.0694
(0.01)
N/A
N/A
16.93

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 Euro 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 Euro, 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.

Did You Try This Idea?

Run USA Crypto Assets Thematic Idea Now

USA Crypto Assets
USA Crypto Assets Theme
An experimental p2p digital currency that is accepted by many vendors in null. The USA Crypto Assets theme has 0 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 USA Crypto Assets Theme or any other thematic opportunities.
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When determining whether ProShares Ultra Euro 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:
How To Invest In ProShares
Details
ETF Directory
View
Top Sectors
View
Check out ProShares Ultra Correlation with its peers.
You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
The market value of ProShares Ultra Euro 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.
Beneish
M Score
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Technical
Analysis
Details
Please note, there is a significant difference between ProShares Ultra's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Ultra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Meanwhile, ProShares Ultra's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.
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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