Proshares Ultrashort Dow30 Etf Profile
| DXD Etf | USD 24.72 0.47 1.87% |
Performance0 of 100
| Odds Of DistressLess than 10
|
ProShares UltraShort is trading at 24.72 as of the 25th of November 2024, a 1.87% down since the beginning of the trading day. The etf's lowest day price was 24.62. ProShares UltraShort has less than a 10 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for ProShares UltraShort Dow30 are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of October 2024 and ending today, the 25th of November 2024. Click here to learn more.
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. Ultrashort Dow30 is traded on NYSEARCA Exchange in the United States. More on ProShares UltraShort Dow30
Moving together with ProShares Etf
| 0.96 | SH | ProShares Short SP500 Sell-off Trend | PairCorr |
| 0.91 | PSQ | ProShares Short QQQ Sell-off Trend | PairCorr |
| 0.96 | SPXU | ProShares UltraPro Short | PairCorr |
| 0.96 | SDS | ProShares UltraShort | PairCorr |
| 0.96 | SPXS | Direxion Daily SP | PairCorr |
| 0.92 | QID | ProShares UltraShort QQQ Sell-off Trend | PairCorr |
Moving against ProShares Etf
ProShares Etf Highlights
| Thematic Ideas | (View all Themes) |
| Old Name | 3D Signatures Inc |
| Business Concentration | Large Cap ETFs, Size And Style ETFs, Trading--Inverse Equity, ProShares (View all Sectors) |
| Issuer | ProShares |
| Inception Date | 2006-07-11 |
| Benchmark | Dow Jones Industrial Average Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 65.67 Million |
| Average Trading Valume | 717,235.1 |
| Asset Type | Equity |
| Category | Size and Style |
| Focus | Large Cap |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | J.P. Morgan Investor Services Co. |
| Advisor | ProShare Advisors LLC |
| Custodian | JPMorgan Chase Bank, N.A. |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | Michael Neches, Devin Sullivan |
| Transfer Agent | JPMorgan Chase Bank, N.A. |
| Fiscal Year End | 30-Sep |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 32.0 |
| Market Maker | Latour Trading |
| Total Expense | 1.01 |
| Management Fee | 0.75 |
| Country Name | USA |
| Returns Y T D | (22.97) |
| Name | ProShares UltraShort Dow30 |
| Currency Code | USD |
| Open Figi | BBG000PTJ1T4 |
| In Threey Volatility | 31.42 |
| 1y Volatility | 22.45 |
| 200 Day M A | 30.5491 |
| 50 Day M A | 27.0862 |
| Code | DXD |
| Updated At | 25th of November 2024 |
| Currency Name | US Dollar |
ProShares UltraShort Dow30 [DXD] is traded in USA and was established 2006-07-11. The fund is classified under Trading--Inverse Equity category within ProShares family. The entity is thematically classified as Large Cap ETFs. ProShares UltraShort currently have 132.75 M in assets under management (AUM). , while the total return for the last 3 years was -14.0%.
Check ProShares UltraShort Probability Of Bankruptcy
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 UltraShort Dow30 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 UltraShort 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 UltraShort. 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 | (0.11) | |||
| Jensen Alpha | 0.0081 | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | 0.1167 |
ProShares UltraShort Against Markets
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ProShares UltraShort Dow30. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
The market value of ProShares UltraShort 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 UltraShort's value that differs from its market value or its book value, called intrinsic value, which is ProShares UltraShort'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 UltraShort's market value can be influenced by many factors that don't directly affect ProShares UltraShort'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 UltraShort's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares UltraShort is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares UltraShort'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.