Proshares Etf Profile
The performance scores are derived for the period starting the 11th of July 2024 and ending today, the 2nd of January 2026. Click here to learn more.
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RefreshProShares Etf Highlights
| Old Name | ProShares UltraShort Gold Miners |
| Business Concentration | Trading--Inverse Equity, ProShares (View all Sectors) |
| Nav Price | 7.06 |
| Two Hundred Day Average | 11.85 |
| Ytd | -42.13% |
| Average Daily Volume In Three Month | 8.87k |
| Fifty Two Week Low | 6.87 |
| As Of Date | July 31, 2019 |
| Average Daily Volume Last 10 Day | 6.67k |
| Fifty Two Week High | 23.12 |
| One Month | -9.89% |
| Fifty Day Average | 8.27 |
| Three Month | -41.68% |
| Beta In Three Year | 0.27 |
ProShares [GDXS] is traded in USA and was established 2015-02-13. The fund is listed under Trading--Inverse Equity category and is part of ProShares family. ProShares currently have 1.35 M in assets under management (AUM). , while the total return for the last 3 years was -13.7%.
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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 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 Against Markets
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ProShares Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ProShares etf to make a market-neutral strategy. Peer analysis of ProShares could also be used in its relative valuation, which is a method of valuing ProShares by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in discontinued. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Other Tools for ProShares Etf
When running ProShares' price analysis, check to measure ProShares' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ProShares is operating at the current time. Most of ProShares' value examination focuses on studying past and present price action to predict the probability of ProShares' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ProShares' price. Additionally, you may evaluate how the addition of ProShares to your portfolios can decrease your overall portfolio volatility.
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