ProShares Ultra Financials
| ULE Etf | USD 10.58 0.16 1.49% |
Net Expense Ratio 0.0098 | 3 y Sharp Ratio (0.60) |
ProShares |
The data published in ProShares Ultra's official financial statements typically reflect ProShares Ultra'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 Ultra's quantitative information. For example, before you start analyzing numbers published by ProShares accountants, it's essential to understand ProShares Ultra's liquidity, profitability, and earnings quality within the context of the ProShares space in which it operates.
Please note, the presentation of ProShares Ultra'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 Ultra's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of ProShares Ultra's management manipulating its earnings.
ProShares Ultra Etf Summary
ProShares Ultra competes with ProShares VIX, and IPath Series. The fund seeks to meet its investment objective by investing under normal market conditions in any one of, or combinations of, Financial Instruments based on the funds benchmark. Ultra Euro is traded on NYSEARCA Exchange in the United States.ProShares Ultra Key Financial Ratios
ProShares Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining ProShares Ultra's current stock value. Our valuation model uses many indicators to compare ProShares Ultra value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across ProShares Ultra competition to find correlations between indicators driving ProShares Ultra's intrinsic value. More Info.ProShares Ultra Euro is rated first in beta as compared to similar ETFs. It is rated first 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 Ultra 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 Ultra Euro Systematic Risk
ProShares Ultra's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. ProShares Ultra 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 twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on ProShares Ultra Euro correlated with the market. If Beta is less than 0 ProShares Ultra generally moves in the opposite direction as compared to the market. If ProShares Ultra Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one ProShares Ultra Euro is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of ProShares Ultra is generally in the same direction as the market. If Beta > 1 ProShares Ultra moves generally in the same direction as, but more than the movement of the benchmark.
About ProShares Ultra Financials
What exactly are ProShares Ultra 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 Ultra's income statement, its balance sheet, and the statement of cash flows. Potential ProShares Ultra investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although ProShares Ultra investors may use each financial statement separately, they are all related. The changes in ProShares Ultra's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on ProShares Ultra'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 Ultra November 25, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of ProShares Ultra help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of ProShares Ultra Euro. We use our internally-developed statistical techniques to arrive at the intrinsic value of ProShares Ultra Euro 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 Ultra's daily price indicators and compare them against related drivers.
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 6.12 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 1.24 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares Ultra Euro. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
The market value of ProShares Ultra Euro 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 Ultra's value that differs from its market value or its book value, called intrinsic value, which is ProShares Ultra'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 Ultra's market value can be influenced by many factors that don't directly affect ProShares Ultra'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 Ultra's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Ultra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Ultra'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.