ProShares Financials
| OND Etf | USD 33.21 0.31 0.94% |
Net Expense Ratio 0.0058 | 3 y Sharp Ratio (0.07) |
ProShares |
The data published in ProShares' official financial statements typically reflect ProShares' business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving ProShares' quantitative information. For example, before you start analyzing numbers published by ProShares accountants, it's essential to understand ProShares' liquidity, profitability, and earnings quality within the context of the ProShares space in which it operates.
Please note, the presentation of ProShares' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, ProShares' management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of ProShares' management manipulating its earnings.
ProShares Etf Summary
ProShares competes with ProShares Smart, ProShares, ProShares Big, ProShares, and ProShares MSCI. The index includes companies whose principal business is the provision of platforms and services for on-demand access to lifestyle needs including digital media, egaming, fitness, food delivery, ridesharing, or virtual reality experiences, as determined by the index methodology. Proshares On-Demand is traded on NYSEARCA Exchange in the United States.ProShares Key Financial Ratios
ProShares Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining ProShares's current stock value. Our valuation model uses many indicators to compare ProShares value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across ProShares competition to find correlations between indicators driving ProShares's intrinsic value. More Info.ProShares On Demand ETF is rated number one ETF in beta as compared to similar ETFs. It also is rated number one ETF in one year return as compared to similar ETFs reporting about 24.37 of One Year Return per Beta. Comparative valuation analysis is a catch-all technique that is used if you cannot value ProShares 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.ProShares On Demand Systematic Risk
ProShares' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. ProShares volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on ProShares On Demand correlated with the market. If Beta is less than 0 ProShares generally moves in the opposite direction as compared to the market. If ProShares Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one ProShares On Demand is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of ProShares is generally in the same direction as the market. If Beta > 1 ProShares moves generally in the same direction as, but more than the movement of the benchmark.
About ProShares Financials
What exactly are ProShares Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include ProShares' income statement, its balance sheet, and the statement of cash flows. Potential ProShares investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although ProShares investors may use each financial statement separately, they are all related. The changes in ProShares's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on ProShares's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.ProShares Thematic Clasifications
ProShares On Demand ETF is part of several thematic ideas from Theme ETFs to Strategy ETFs. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasProShares January 18, 2025 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of ProShares help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of ProShares On Demand ETF. We use our internally-developed statistical techniques to arrive at the intrinsic value of ProShares On Demand ETF based on widely used predictive technical indicators. In general, we focus on analyzing ProShares Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build ProShares's daily price indicators and compare them against related drivers.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 6.03 | |||
| Value At Risk | (2.21) | |||
| Potential Upside | 1.81 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ProShares On Demand ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
The market value of ProShares On Demand 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.