Proshares Msci Transformational Etf Profile
| ANEW Etf | USD 45.54 0.12 0.26% |
Performance7 of 100
| Odds Of DistressLess than 9
|
ProShares MSCI is selling for under 45.54 as of the 21st of November 2024; that is 0.26 percent increase since the beginning of the trading day. The etf's lowest day price was 45.38. ProShares MSCI has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for ProShares MSCI Transformational are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 22nd of October 2024 and ending today, the 21st of November 2024. Click here to learn more.
The index selects companies which may benefit from transformational changes in how people work, take care of their health, and consume and connect - changes accelerated by COVID-19. MSCI Transformational is traded on NYSEARCA Exchange in the United States. More on ProShares MSCI Transformational
Moving together with ProShares Etf
| 0.89 | VUG | Vanguard Growth Index Sell-off Trend | PairCorr |
| 0.91 | IWF | iShares Russell 1000 Sell-off Trend | PairCorr |
| 0.92 | IVW | iShares SP 500 Sell-off Trend | PairCorr |
| 0.92 | SPYG | SPDR Portfolio SP Sell-off Trend | PairCorr |
| 0.92 | IUSG | iShares Core SP | PairCorr |
| 0.91 | VONG | Vanguard Russell 1000 | PairCorr |
Moving against ProShares Etf
| 0.61 | BND | Vanguard Total Bond Sell-off Trend | PairCorr |
ProShares Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Theme ETFs, Large Growth, ProShares (View all Sectors) |
| Issuer | ProShares |
| Inception Date | 2020-10-14 |
| Benchmark | MSCI Global Transformational Changes Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 7.99 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | JPMorgan Chase Bank, N.A. |
| Advisor | ProShare Advisors |
| Custodian | JPMorgan Chase Bank, N.A. |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | Alexander Ilyasov, Scott Hanson |
| Transfer Agent | JPMorgan Chase Bank, N.A. |
| Fiscal Year End | 31-May |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 151 |
| Market Maker | Susquehanna |
| Total Expense | 0.45 |
| Management Fee | 0.45 |
| Country Name | USA |
| Returns Y T D | 19.41 |
| Name | ProShares MSCI Transformational Changes ETF |
| Currency Code | USD |
| Open Figi | BBG00XTVWSW5 |
| In Threey Volatility | 19.3 |
| 1y Volatility | 12.97 |
| 200 Day M A | 42.3354 |
| 50 Day M A | 45.0944 |
| Code | ANEW |
| Updated At | 21st of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.12) |
ProShares MSCI Transformational [ANEW] is traded in USA and was established 2020-10-14. The fund is listed under Large Growth category and is part of ProShares family. The entity is thematically classified as Strategy ETFs. ProShares MSCI Trans presently have 22.06 M in assets under management (AUM). , while the total return for the last 3 years was -0.4%.
Check ProShares MSCI Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on ProShares Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding ProShares Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as ProShares MSCI Transformational Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
ProShares MSCI Trans Currency Exposure
ProShares MSCI Transformational holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of ProShares MSCI will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in ProShares MSCI Transformational.
Top ProShares MSCI Transformational Etf Constituents
| ROG | Rogers | Stock | Information Technology | |
| NVDA | NVIDIA | Stock | Information Technology | |
| NFLX | Netflix | Stock | Communication Services | |
| MSFT | Microsoft | Stock | Information Technology | |
| MDT | Medtronic PLC | Stock | Health Care | |
| ISRG | Intuitive Surgical | Stock | Health Care | |
| GOOGL | Alphabet Inc Class A | Stock | Communication Services | |
| GOOG | Alphabet Inc Class C | Stock | Communication Services |
ProShares MSCI Trans Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in ProShares MSCI. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.087 | |||
| Jensen Alpha | 0.0183 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.01) |
ProShares MSCI Against Markets
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ProShares MSCI Transformational. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
The market value of ProShares MSCI Trans 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 MSCI's value that differs from its market value or its book value, called intrinsic value, which is ProShares MSCI'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 ProShares MSCI's market value can be influenced by many factors that don't directly affect ProShares MSCI'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 ProShares MSCI's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares MSCI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares MSCI'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.