Proshares Ultra Utilities Etf Profile
| UPW Etf | USD 84.06 2.94 3.62% |
Performance8 of 100
| Odds Of DistressLess than 9
|
ProShares Ultra is selling for under 84.06 as of the 21st of November 2024; that is 3.62 percent up since the beginning of the trading day. The etf's lowest day price was 80.74. ProShares Ultra 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 Ultra Utilities 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.
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. Ultra Utilities is traded on NYSEARCA Exchange in the United States. More on ProShares Ultra Utilities
Moving against ProShares Etf
ProShares Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Sector ETFs, Utilities ETFs, Energy, Trading--Leveraged Equity, ProShares (View all Sectors) |
| Issuer | ProShares |
| Inception Date | 2007-01-30 |
| Benchmark | S&P Utilities Select Sector Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 23.95 Million |
| Average Trading Valume | 9,025.4 |
| Asset Type | Equity |
| Category | Sector |
| Focus | Utilities |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | JPMorgan Chase Bank, N.A. |
| Advisor | ProShare Advisors LLC |
| Custodian | JPMorgan Chase Bank, N.A. |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | Michael Neches, Tarak Dave |
| Transfer Agent | JPMorgan Chase Bank, N.A. |
| Fiscal Year End | 31-May |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 57.0 |
| Market Maker | IMC |
| Total Expense | 1.68 |
| Management Fee | 0.75 |
| Country Name | USA |
| Returns Y T D | 55.01 |
| Name | ProShares Ultra Utilities |
| Currency Code | USD |
| Open Figi | BBG000QXG0T9 |
| In Threey Volatility | 35.93 |
| 1y Volatility | 30.92 |
| 200 Day M A | 65.7966 |
| 50 Day M A | 80.39 |
| Code | UPW |
| Updated At | 21st of November 2024 |
| Currency Name | US Dollar |
ProShares Ultra Utilities [UPW] is traded in USA and was established 2007-01-30. The fund is classified under Trading--Leveraged Equity category within ProShares family. The entity is thematically classified as Sector ETFs. ProShares Ultra Utilities at this time have 15.25 M in net assets. , while the total return for the last 3 years was 9.3%.
Check ProShares Ultra 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 Ultra Utilities 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 Ultra Utilities Etf Constituents
| AWK | American Water Works | Stock | Utilities | |
| SRE | Sempra Energy | Stock | Utilities | |
| CEG | Constellation Energy Corp | Stock | Utilities | |
| SO | Southern Company | Stock | Utilities | |
| VST | Vistra Energy Corp | Stock | Utilities | |
| PCG | PGE Corp | Stock | Utilities | |
| PPL | PPL Corporation | Stock | Utilities | |
| EVRG | Evergy, | Stock | Utilities |
ProShares Ultra Top Holders
| SMILX | Smi Servative Allocation | Mutual Fund | Allocation--70% to 85% Equity |
ProShares Ultra Utilities 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 Ultra. 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 | 0.0914 | |||
| Jensen Alpha | 0.1813 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0626 |
ProShares Ultra Against Markets
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares Ultra Utilities. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
The market value of ProShares Ultra Utilities 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 Ultra's value that differs from its market value or its book value, called intrinsic value, which is ProShares Ultra'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 Ultra's market value can be influenced by many factors that don't directly affect ProShares Ultra'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 Ultra's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Ultra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Ultra'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.