Proshares Big Data Etf Performance
| DAT Etf | USD 45.70 1.39 3.14% |
The etf holds a Beta of 1.39, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ProShares Big will likely underperform.
Risk-Adjusted Performance
21 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in ProShares Big Data are ranked lower than 21 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak basic indicators, ProShares Big unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | DAT Truckload volumes and rates diverged in August | 09/18/2024 |
2 | OOIDA, Truckstop team up, load board is now groups exclusive partner | 10/09/2024 |
3 | DAT iQ surpasses 1 trillion in freight transaction data | 10/23/2024 |
4 | DAT Spot truckload rates extended their positive run in October | 11/19/2024 |
| In Threey Sharp Ratio | -0.17 |
ProShares |
ProShares Big Relative Risk vs. Return Landscape
If you would invest 3,535 in ProShares Big Data on August 27, 2024 and sell it today you would earn a total of 1,035 from holding ProShares Big Data or generate 29.28% return on investment over 90 days. ProShares Big Data is generating 0.413% of daily returns assuming volatility of 1.4924% on return distribution over 90 days investment horizon. In other words, 13% of etfs are less volatile than ProShares, and above 92% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
ProShares Big Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares Big's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as ProShares Big Data, and traders can use it to determine the average amount a ProShares Big's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2767
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
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| Small Returns | DAT | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.49 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.41 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.28 actual daily | 21 79% of assets perform better |
Based on monthly moving average ProShares Big is performing at about 21% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ProShares Big by adding it to a well-diversified portfolio.
ProShares Big Fundamentals Growth
ProShares Etf prices reflect investors' perceptions of the future prospects and financial health of ProShares Big, and ProShares Big fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on ProShares Etf performance.
| Total Asset | 1.66 M | |||
About ProShares Big Performance
Assessing ProShares Big's fundamental ratios provides investors with valuable insights into ProShares Big's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the ProShares Big is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the index. Proshares Big is traded on NYSEARCA Exchange in the United States.| Latest headline from businesswire.com: DAT Spot truckload rates extended their positive run in October | |
| The fund retains 99.71% of its assets under management (AUM) in equities |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ProShares Big Data. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
The market value of ProShares Big Data 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 Big's value that differs from its market value or its book value, called intrinsic value, which is ProShares Big'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 Big's market value can be influenced by many factors that don't directly affect ProShares Big'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 Big's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Big is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Big'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.