ProShares Ultra Financial Statements From 2010 to 2024
| DIG Etf | USD 44.30 0.16 0.36% |
Check ProShares Ultra financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ProShares Ultra's main balance sheet or income statement drivers, such as , as well as many indicators such as . ProShares financial statements analysis is a perfect complement when working with ProShares Ultra Valuation or Volatility modules.
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ProShares Ultra Oil ETF Beta Analysis
ProShares Ultra's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current ProShares Ultra Beta | 1.33 |
Most of ProShares Ultra's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ProShares Ultra Oil is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, ProShares Ultra Oil has a Beta of 1.33. This is much higher than that of the ProShares family and significantly higher than that of the Trading--Leveraged Equity category. The beta for all United States etfs is notably lower than that of the firm.
ProShares Ultra Oil Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining ProShares Ultra's current stock value. Our valuation model uses many indicators to compare ProShares Ultra value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across ProShares Ultra competition to find correlations between indicators driving ProShares Ultra's intrinsic value. More Info.ProShares Ultra Oil is rated # 2 ETF in price to earning as compared to similar ETFs. It is rated # 4 ETF in price to book as compared to similar ETFs fabricating about 0.06 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for ProShares Ultra Oil is roughly 17.15 . Comparative valuation analysis is a catch-all technique that is used if you cannot value ProShares Ultra by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.About ProShares Ultra Financial Statements
ProShares Ultra stakeholders use historical fundamental indicators, such as ProShares Ultra's revenue or net income, to determine how well the company is positioned to perform in the future. Although ProShares Ultra investors may analyze each financial statement separately, they are all interrelated. For example, changes in ProShares Ultra's assets and liabilities are reflected in the revenues and expenses on ProShares Ultra's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in ProShares Ultra Oil. Please read more on our technical analysis and fundamental analysis pages.
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. Ultra Oil is traded on NYSEARCA Exchange in the United States.
Currently Active Assets on Macroaxis
When determining whether ProShares Ultra Oil is a strong investment it is important to analyze ProShares Ultra's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ProShares Ultra's future performance. For an informed investment choice regarding ProShares Etf, refer to the following important reports:Check out the analysis of ProShares Ultra Correlation against competitors. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
The market value of ProShares Ultra Oil 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.