ProShares UltraPro Financials
| SMDD Etf | USD 7.81 0.40 4.87% |
Net Expense Ratio 0.0095 | 3 y Sharp Ratio (0.25) |
ProShares |
The data published in ProShares UltraPro's official financial statements typically reflect ProShares UltraPro'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 UltraPro's quantitative information. For example, before you start analyzing numbers published by ProShares accountants, it's essential to understand ProShares UltraPro's liquidity, profitability, and earnings quality within the context of the ProShares space in which it operates.
Please note, the presentation of ProShares UltraPro'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 UltraPro's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of ProShares UltraPro's management manipulating its earnings.
ProShares UltraPro Etf Summary
ProShares UltraPro competes with Direxion Daily, Direxion Daily, Direxion Daily, and Direxion Daily. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. Ultrapro Short is traded on NYSEARCA Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US74347G6632 |
| CUSIP | 74348A392 74347G663 74348A657 74347G879 74347G697 74347X682 |
| Region | North America |
| Investment Issuer | ProShares |
| Etf Family | ProShares |
| Fund Category | Size and Style |
| Portfolio Concentration | Mid Cap |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
ProShares UltraPro Key Financial Ratios
ProShares Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining ProShares UltraPro's current stock value. Our valuation model uses many indicators to compare ProShares UltraPro value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across ProShares UltraPro competition to find correlations between indicators driving ProShares UltraPro's intrinsic value. More Info.ProShares UltraPro Short is rated second largest ETF in beta as compared to similar ETFs. It also is rated second largest ETF in one year return as compared to similar ETFs . Comparative valuation analysis is a catch-all technique that is used if you cannot value ProShares UltraPro 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 UltraPro Short Systematic Risk
ProShares UltraPro's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. ProShares UltraPro 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 UltraPro Short correlated with the market. If Beta is less than 0 ProShares UltraPro generally moves in the opposite direction as compared to the market. If ProShares UltraPro Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one ProShares UltraPro Short is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of ProShares UltraPro is generally in the same direction as the market. If Beta > 1 ProShares UltraPro moves generally in the same direction as, but more than the movement of the benchmark.
About ProShares UltraPro Financials
What exactly are ProShares UltraPro 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 UltraPro's income statement, its balance sheet, and the statement of cash flows. Potential ProShares UltraPro investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although ProShares UltraPro investors may use each financial statement separately, they are all related. The changes in ProShares UltraPro's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on ProShares UltraPro'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 UltraPro Thematic Clasifications
ProShares UltraPro Short is part of several thematic ideas from Mid 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 UltraPro November 22, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of ProShares UltraPro help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of ProShares UltraPro Short. We use our internally-developed statistical techniques to arrive at the intrinsic value of ProShares UltraPro Short 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 UltraPro's daily price indicators and compare them against related drivers.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 19.99 | |||
| Value At Risk | (5.11) | |||
| Potential Upside | 3.31 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares UltraPro Short. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
The market value of ProShares UltraPro Short 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 UltraPro's value that differs from its market value or its book value, called intrinsic value, which is ProShares UltraPro'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 UltraPro's market value can be influenced by many factors that don't directly affect ProShares UltraPro'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 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. However, ProShares UltraPro'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.