ProShares UltraPro Financial Statements From 2010 to 2026
| UPRO Etf | USD 119.61 1.13 0.94% |
Check ProShares UltraPro financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ProShares UltraPro'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 UltraPro Valuation or Volatility modules.
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Pair Trading with ProShares UltraPro
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ProShares UltraPro position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ProShares UltraPro will appreciate offsetting losses from the drop in the long position's value.Moving together with ProShares Etf
| 1.0 | SSO | ProShares Ultra SP500 | PairCorr |
| 1.0 | SPXL | Direxion Daily SP500 | PairCorr |
| 0.86 | QLD | ProShares Ultra QQQ | PairCorr |
Moving against ProShares Etf
The ability to find closely correlated positions to ProShares UltraPro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ProShares UltraPro when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ProShares UltraPro - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ProShares UltraPro SP500 to buy it.
The correlation of ProShares UltraPro is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares UltraPro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares UltraPro SP500 moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ProShares UltraPro can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of ProShares UltraPro Correlation against competitors. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Understanding ProShares UltraPro SP500 requires distinguishing between market price and book value, where the latter reflects ProShares's accounting equity. The concept of intrinsic value—what ProShares UltraPro's is actually worth based on fundamentals—guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push ProShares UltraPro's price substantially above or below its fundamental value.
Please note, there is a significant difference between ProShares UltraPro's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares UltraPro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. In contrast, ProShares UltraPro's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.