Proshares Ultrapro Short Etf Performance
| SMDD Etf | USD 7.25 0.07 0.97% |
The etf holds a Beta of -3.47, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning ProShares UltraPro are expected to decrease by larger amounts. On the other hand, during market turmoil, ProShares UltraPro is expected to outperform it.
Risk-Adjusted Performance
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Over the last 90 days ProShares UltraPro Short has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unsteady performance in the last few months, the Etf's fundamental indicators remain rather sound which may send shares a bit higher in December 2024. The latest tumult may also be a sign of longer-term up-swing for the fund shareholders. ...more
1 | UltraPro Short MidCap400 declares quarterly distribution of 0.1156 | 09/25/2024 |
| In Threey Sharp Ratio | -0.25 |
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ProShares UltraPro Relative Risk vs. Return Landscape
If you would invest 1,018 in ProShares UltraPro Short on August 31, 2024 and sell it today you would lose (293.00) from holding ProShares UltraPro Short or give up 28.78% of portfolio value over 90 days. ProShares UltraPro Short is currently does not generate positive expected returns and assumes 2.7737% risk (volatility on return distribution) over the 90 days horizon. In different words, 24% of etfs are less volatile than ProShares, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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ProShares UltraPro Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares UltraPro's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as ProShares UltraPro Short, and traders can use it to determine the average amount a ProShares UltraPro'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 = -0.1767
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| Negative Returns | SMDD |
Estimated Market Risk
| 2.77 actual daily | 24 76% of assets are more volatile |
Expected Return
| -0.49 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.18 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ProShares UltraPro is not performing at its full potential. However, 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 UltraPro by adding ProShares UltraPro to a well-diversified portfolio.
ProShares UltraPro Fundamentals Growth
ProShares Etf prices reflect investors' perceptions of the future prospects and financial health of ProShares UltraPro, and ProShares UltraPro 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 | 14.81 M | |||
About ProShares UltraPro Performance
By analyzing ProShares UltraPro's fundamental ratios, stakeholders can gain valuable insights into ProShares UltraPro's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if ProShares UltraPro has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if ProShares UltraPro has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
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.| ProShares UltraPro generated a negative expected return over the last 90 days | |
| This fund created-40.0 ten year return of -40.0% | |
| ProShares UltraPro maintains most of the assets in different exotic instruments. |
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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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.