Proshares Ultra Gold Etf Performance
| UGL Etf | USD 96.52 1.65 1.74% |
The etf holds a Beta of -0.33, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ProShares Ultra are expected to decrease at a much lower rate. During the bear market, ProShares Ultra is likely to outperform the market.
Risk-Adjusted Performance
7 of 100
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Modest
Compared to the overall equity markets, risk-adjusted returns on investments in ProShares Ultra Gold are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. Despite quite conflicting technical and fundamental indicators, ProShares Ultra may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
1 | UGL 2x Gold 15 percent Dump Start To Be A Potentially Risky Choice - Seeking Alpha | 11/18/2024 |
| In Threey Sharp Ratio | 0.74 |
ProShares |
ProShares Ultra Relative Risk vs. Return Landscape
If you would invest 8,663 in ProShares Ultra Gold on September 1, 2024 and sell it today you would earn a total of 989.00 from holding ProShares Ultra Gold or generate 11.42% return on investment over 90 days. ProShares Ultra Gold is generating 0.1918% of daily returns assuming volatility of 2.006% on return distribution over 90 days investment horizon. In other words, 17% of etfs are less volatile than ProShares, and above 97% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
ProShares Ultra Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares Ultra's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as ProShares Ultra Gold, and traders can use it to determine the average amount a ProShares Ultra'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 = 0.0956
| Best Portfolio | Best Equity | |||
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| Small Returns | UGL | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.01 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.19 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average ProShares Ultra is performing at about 7% 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 Ultra by adding it to a well-diversified portfolio.
ProShares Ultra Fundamentals Growth
ProShares Etf prices reflect investors' perceptions of the future prospects and financial health of ProShares Ultra, and ProShares Ultra 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 | 149.39 M | |||
About ProShares Ultra Performance
By examining ProShares Ultra's fundamental ratios, stakeholders can obtain critical insights into ProShares Ultra'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 Ultra 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 by investing, under normal market conditions, in any one of, or combinations of, Financial Instruments based on the benchmark. Ultra Gold is traded on NYSEARCA Exchange in the United States.| Latest headline from news.google.com: UGL 2x Gold 15 percent Dump Start To Be A Potentially Risky Choice - Seeking Alpha | |
| The fund keeps 141.74% of its net assets in stocks |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares Ultra Gold. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
The market value of ProShares Ultra Gold 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.