ProShares Nasdaq Financials
| QQQA Etf | USD 46.20 0.54 1.18% |
Net Expense Ratio 0.0058 | 3 y Sharp Ratio (0.14) |
ProShares |
The data published in ProShares Nasdaq's official financial statements typically reflect ProShares Nasdaq's 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 Nasdaq's quantitative information. For example, before you start analyzing numbers published by ProShares accountants, it's essential to understand ProShares Nasdaq's liquidity, profitability, and earnings quality within the context of the ProShares space in which it operates.
Please note, the presentation of ProShares Nasdaq's 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 Nasdaq's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of ProShares Nasdaq's management manipulating its earnings.
ProShares Nasdaq Etf Summary
ProShares Nasdaq competes with Invesco ESG, ProShares Ultra, and Global X. The index, which is constructed and maintained by Dorsey, Wright Associates, LLC , consists of 21 securities from the Nasdaq-100 Index with the highest price momentum. Nasdaq 100 is traded on NASDAQ Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NASDAQ Exchange |
| ISIN | US74347G6715 |
| CUSIP | 74347G671 |
| Region | North America |
| Investment Issuer | ProShares |
| Etf Family | ProShares |
| Fund Category | Size and Style |
| Portfolio Concentration | Large Cap |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
ProShares Nasdaq Key Financial Ratios
ProShares Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining ProShares Nasdaq's current stock value. Our valuation model uses many indicators to compare ProShares Nasdaq value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across ProShares Nasdaq competition to find correlations between indicators driving ProShares Nasdaq's intrinsic value. More Info.ProShares Nasdaq 100 Dorsey is presently regarded as number one ETF in beta as compared to similar ETFs. It is rated fourth largest ETF in one year return as compared to similar ETFs reporting about 23.75 of One Year Return per Beta. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the ProShares Nasdaq's earnings, one of the primary drivers of an investment's value.ProShares Nasdaq 100 Systematic Risk
ProShares Nasdaq's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. ProShares Nasdaq 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 output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on ProShares Nasdaq 100 correlated with the market. If Beta is less than 0 ProShares Nasdaq generally moves in the opposite direction as compared to the market. If ProShares Nasdaq Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one ProShares Nasdaq 100 is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of ProShares Nasdaq is generally in the same direction as the market. If Beta > 1 ProShares Nasdaq moves generally in the same direction as, but more than the movement of the benchmark.
About ProShares Nasdaq Financials
What exactly are ProShares Nasdaq 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 Nasdaq's income statement, its balance sheet, and the statement of cash flows. Potential ProShares Nasdaq investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although ProShares Nasdaq investors may use each financial statement separately, they are all related. The changes in ProShares Nasdaq's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on ProShares Nasdaq'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 Nasdaq Thematic Clasifications
ProShares Nasdaq 100 Dorsey is part of several thematic ideas from Large Cap ETFs to Size And Style 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 Nasdaq November 22, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of ProShares Nasdaq help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of ProShares Nasdaq 100 Dorsey. We use our internally-developed statistical techniques to arrive at the intrinsic value of ProShares Nasdaq 100 Dorsey 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 Nasdaq's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.75 | |||
| Information Ratio | 0.0113 | |||
| Maximum Drawdown | 6.78 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 1.71 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ProShares Nasdaq 100 Dorsey. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in producer price index. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
The market value of ProShares Nasdaq 100 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 Nasdaq's value that differs from its market value or its book value, called intrinsic value, which is ProShares Nasdaq'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 Nasdaq's market value can be influenced by many factors that don't directly affect ProShares Nasdaq'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 Nasdaq's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Nasdaq is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Nasdaq'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.