Proshares Etf Profile
ProShares is trading at 74.94 as of the 29th of November 2024, a 0.04 percent down since the beginning of the trading day. The etf's open price was 74.97. Equity ratings for ProShares are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of October 2024 and ending today, the 29th of November 2024. Click here to learn more.
ProShares Etf Highlights
| Old Name | ProShares S&P 500® Bond ETF |
| Business Concentration | Corporate Bond, ProShares (View all Sectors) |
| Country Name | USA |
| Returns Y T D | (3.46) |
| Name | ProShares SP 500 Bond ETF |
| Currency Code | USD |
| In Threey Volatility | 9.8 |
| 1y Volatility | 9.15 |
| 200 Day M A | 73.8467 |
| 50 Day M A | 74.619 |
| Code | SPXB |
| Updated At | 23rd of April 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.48) |
| Type | ETF |
ProShares [SPXB] is traded in USA and was established 2018-05-01. The fund is listed under Corporate Bond category and is part of ProShares family. ProShares at this time have 12.55 M in assets. , while the total return for the last 3 years was -3.5%.
Check ProShares 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 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 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. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Mean Deviation | 0.3919 | |||
| Semi Deviation | 0.4826 | |||
| Standard Deviation | 0.4774 | |||
| Variance | 0.2279 |
ProShares Against Markets
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 World Market Map 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 interest. 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 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' value that differs from its market value or its book value, called intrinsic value, which is ProShares' 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' market value can be influenced by many factors that don't directly affect ProShares' 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' value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares' 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.