Proshares Ultrashort Euro Etf Performance
| EUO Etf | USD 34.46 0.44 1.29% |
The etf holds a Beta of 0.26, which implies not very significant fluctuations relative to the market. As returns on the market increase, ProShares UltraShort's returns are expected to increase less than the market. However, during the bear market, the loss of holding ProShares UltraShort is expected to be smaller as well.
Risk-Adjusted Performance
22 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in ProShares UltraShort Euro are ranked lower than 22 (%) of all global equities and portfolios over the last 90 days. In spite of very weak basic indicators, ProShares UltraShort displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
| In Threey Sharp Ratio | 0.32 |
ProShares |
ProShares UltraShort Relative Risk vs. Return Landscape
If you would invest 2,958 in ProShares UltraShort Euro on August 24, 2024 and sell it today you would earn a total of 488.00 from holding ProShares UltraShort Euro or generate 16.5% return on investment over 90 days. ProShares UltraShort Euro is generating 0.2425% of daily returns assuming volatility of 0.8587% on return distribution over 90 days investment horizon. In other words, 7% of etfs are less volatile than ProShares, and above 96% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
ProShares UltraShort Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares UltraShort's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as ProShares UltraShort Euro, and traders can use it to determine the average amount a ProShares UltraShort'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 = 0.2824
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | EUO | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.86 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.24 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.28 actual daily | 22 78% of assets perform better |
Based on monthly moving average ProShares UltraShort is performing at about 22% 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 UltraShort by adding it to a well-diversified portfolio.
ProShares UltraShort Fundamentals Growth
ProShares Etf prices reflect investors' perceptions of the future prospects and financial health of ProShares UltraShort, and ProShares UltraShort 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 | 90.62 M | |||
About ProShares UltraShort Performance
By examining ProShares UltraShort's fundamental ratios, stakeholders can obtain critical insights into ProShares UltraShort's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that ProShares UltraShort is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
The fund seeks to meet its investment objective, under normal market conditions, by obtaining short exposures to its benchmark through futures contracts on its underlying currency. Ultrashort Euro is traded on NYSEARCA Exchange in the United States.| The fund retains all of the assets under management (AUM) in different types of exotic instruments |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ProShares UltraShort 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 employment. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
The market value of ProShares UltraShort 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 UltraShort's value that differs from its market value or its book value, called intrinsic value, which is ProShares UltraShort'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 UltraShort's market value can be influenced by many factors that don't directly affect ProShares UltraShort'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 UltraShort's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares UltraShort is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares UltraShort'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.