Proshares Nasdaq 100 Dorsey Etf Profile
| QQQA Etf | USD 46.55 0.01 0.02% |
Performance9 of 100
| Odds Of DistressLess than 9
|
ProShares Nasdaq is trading at 46.55 as of the 26th of November 2024, a 0.02 percent decrease since the beginning of the trading day. The etf's open price was 46.56. ProShares Nasdaq 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 Nasdaq 100 Dorsey are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of October 2024 and ending today, the 26th of November 2024. Click here to learn more.
The index, which is constructed and maintained by Dorsey, Wright Associates, LLC , consists of 21 securities from the Nasdaq-100 Index with the highest price momentum. Nasdaq 100 is traded on NASDAQ Exchange in the United States. More on ProShares Nasdaq 100 Dorsey
Moving together with ProShares Etf
ProShares Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Large Cap ETFs, Size And Style ETFs, Large Growth, ProShares (View all Sectors) |
| Issuer | ProShares |
| Inception Date | 2021-05-18 |
| Benchmark | Nasdaq-100 Dorsey Wright Momentum Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 12.03 Million |
| Asset Type | Equity |
| Category | Size and Style |
| Focus | Large Cap |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | JPMorgan Chase Bank, N.A. |
| Advisor | ProShare Advisors |
| 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 | 31-May |
| Exchange | NASDAQ |
| Number of Constituents | 22.0 |
| Market Maker | Latour Trading |
| Total Expense | 0.58 |
| Management Fee | 0.58 |
| Country Name | USA |
| Returns Y T D | 18.72 |
| Name | ProShares Nasdaq-100 Dorsey Wright Momentum ETF |
| Currency Code | USD |
| Open Figi | BBG011389WK3 |
| In Threey Volatility | 21.97 |
| 1y Volatility | 21.56 |
| 200 Day M A | 43.2765 |
| 50 Day M A | 44.3645 |
| Code | QQQA |
| Updated At | 25th of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.14) |
ProShares Nasdaq 100 Dorsey [QQQA] is traded in USA and was established 2021-05-18. The fund is listed under Large Growth category and is part of ProShares family. The entity is thematically classified as Large Cap ETFs. ProShares Nasdaq 100 at this time have 14.75 M in assets. , while the total return for the last 3 years was 0.3%.
Check ProShares Nasdaq 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 Nasdaq 100 Dorsey 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.
Top ProShares Nasdaq 100 Dorsey Etf Constituents
| EXC | Exelon | Stock | Utilities | |
| TSLA | Tesla Inc | Stock | Consumer Discretionary | |
| SWKS | Skyworks Solutions | Stock | Information Technology | |
| SNPS | Synopsys | Stock | Information Technology | |
| SGEN | Seagen Inc | Stock | Health Care | |
| PAYX | Paychex | Stock | Industrials | |
| ORLY | OReilly Automotive | Stock | Consumer Discretionary | |
| KHC | Kraft Heinz Co | Stock | Consumer Staples |
ProShares Nasdaq 100 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 Nasdaq. 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 | 0.0978 | |||
| Jensen Alpha | 0.0094 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0217 |
ProShares Nasdaq Against Markets
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ProShares Nasdaq 100 Dorsey. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in producer price index. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
The market value of ProShares Nasdaq 100 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 Nasdaq's value that differs from its market value or its book value, called intrinsic value, which is ProShares Nasdaq'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 Nasdaq's market value can be influenced by many factors that don't directly affect ProShares Nasdaq'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 Nasdaq's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Nasdaq is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Nasdaq'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.