Proshares Ultrashort Bitcoin Etf Profile
SBIT Etf | 12.51 0.48 3.70% |
Performance0 of 100
| Odds Of DistressLess than 10
|
Proshares Ultrashort is selling for under 12.51 as of the 21st of November 2024; that is 3.7 percent decrease since the beginning of the trading day. The etf's last reported lowest price was 12.28. 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 Bitcoin are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of December 2022 and ending today, the 21st of November 2024. Click here to learn more.
Proshares Ultrashort is entity of United States. It is traded as Etf on NYSE ARCA exchange. More on Proshares Ultrashort Bitcoin
Moving against Proshares Etf
Proshares Etf Highlights
Thematic Ideas | (View all Themes) |
Business Concentration | Cryptocurrency ETFs, Alternative Currency ETFs, Digital Assets, Other (View all Sectors) |
Issuer | ProShares |
Inception Date | 2024-04-02 |
Benchmark | Bloomberg Bitcoin Index |
Entity Type | Regulated Investment Company |
Asset Under Management | 42.32 Million |
Asset Type | Currency |
Category | Alternative Currency |
Focus | Cryptocurrency |
Market Concentration | Blended Development |
Region | Global |
Administrator | JPMorgan Chase Bank, N.A. |
Advisor | ProShare Advisors LLC |
Custodian | JPMorgan Chase Bank, N.A. |
Distributor | SEI Investments Distribution Co. |
Portfolio Manager | Alexander Ilyasov, George Banian |
Transfer Agent | JPMorgan Chase Bank, N.A. |
Fiscal Year End | 31-May |
Exchange | NYSE Arca, Inc. |
Market Maker | Virtu Financial |
Total Expense | 0.95 |
Management Fee | 0.95 |
Country Name | USA |
Code | SBIT |
Updated At | 21st of November 2024 |
Name | Proshares Ultrashort Bitcoin ETF |
Currency Name | US Dollar |
Currency Code | USD |
Open Figi | BBG01M7B0Z19 |
Type | ETF |
Proshares Ultrashort Bitcoin [SBIT] is traded in USA and was established null. The fund is listed under Digital Assets. The entity is thematically classified as Cryptocurrency ETFs. Proshares Ultrashort at this time have in assets. with the current yeild of 0.0%.
Check Proshares Ultrashort Probability Of Bankruptcy
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 | (0.16) | |||
Jensen Alpha | (1.05) | |||
Total Risk Alpha | (2.21) | |||
Treynor Ratio | 0.3046 |
Proshares Ultrashort Against Markets
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Proshares Ultrashort Bitcoin. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
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.