ProShares UltraShort Financial Statements From 2010 to 2024
| DUG Etf | USD 32.85 0.03 0.09% |
Market Capitalisation {Big=-, Small=-, Mega=-, Medium=-, Micro=-} |
Check ProShares UltraShort financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ProShares UltraShort'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 UltraShort Valuation or Volatility modules.
ProShares |
ProShares UltraShort Oil ETF Beta Analysis
ProShares UltraShort'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 UltraShort Beta | -1.27 |
Most of ProShares UltraShort'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 UltraShort 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.
| Competition |
In accordance with the recently published financial statements, ProShares UltraShort Oil has a Beta of -1.27. This is much lower than that of the ProShares family and significantly lower than that of the Trading--Inverse Equity category. The beta for all United States etfs is notably higher than that of the company.
About ProShares UltraShort Financial Statements
ProShares UltraShort stakeholders use historical fundamental indicators, such as ProShares UltraShort's revenue or net income, to determine how well the company is positioned to perform in the future. Although ProShares UltraShort investors may analyze each financial statement separately, they are all interrelated. For example, changes in ProShares UltraShort's assets and liabilities are reflected in the revenues and expenses on ProShares UltraShort'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 UltraShort 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. Ultrashort Oil is traded on NYSEARCA Exchange in the United States.
Currently Active Assets on Macroaxis
When determining whether ProShares UltraShort Oil is a strong investment it is important to analyze ProShares UltraShort'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 UltraShort's future performance. For an informed investment choice regarding ProShares Etf, refer to the following important reports:Check out the analysis of ProShares UltraShort Correlation against competitors. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
The market value of ProShares UltraShort 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 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.