Proshares Online Retail Etf Five Year Return
| ONLN Etf | USD 44.93 0.22 0.49% |
ProShares Online Retail fundamentals help investors to digest information that contributes to ProShares Online's financial success or failures. It also enables traders to predict the movement of ProShares Etf. The fundamental analysis module provides a way to measure ProShares Online's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ProShares Online etf.
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ProShares Online Retail ETF Five Year Return Analysis
ProShares Online's Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
More About Five Year Return | All Equity Analysis
Five Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current ProShares Online Five Year Return | 5.90 % |
Most of ProShares Online's fundamental indicators, such as Five Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ProShares Online Retail is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
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According to the company disclosure, ProShares Online Retail has a Five Year Return of 5.9%. This is 202.25% lower than that of the ProShares family and significantly higher than that of the Consumer Cyclical category. The five year return for all United States etfs is notably lower than that of the firm.
ProShares Five Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ProShares Online's direct or indirect competition against its Five Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of ProShares Online could also be used in its relative valuation, which is a method of valuing ProShares Online by comparing valuation metrics of similar companies.ProShares Online is currently under evaluation in five year return as compared to similar ETFs.
Fund Asset Allocation for ProShares Online
The fund invests 99.87% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides ProShares Online's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
ProShares Fundamentals
| Number Of Employees | 525 | |||
| Beta | 1.59 | |||
| Total Asset | 130.31 M | |||
| One Year Return | 40.20 % | |||
| Three Year Return | (12.30) % | |||
| Five Year Return | 5.90 % | |||
| Net Asset | 130.31 M | |||
| Equity Positions Weight | 99.87 % |
About ProShares Online Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ProShares Online Retail's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ProShares Online using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ProShares Online Retail based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with ProShares Online
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ProShares Online position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ProShares Online will appreciate offsetting losses from the drop in the long position's value.Moving together with ProShares Etf
| 0.73 | XLY | Consumer Discretionary | PairCorr |
| 0.72 | VCR | Vanguard Consumer | PairCorr |
| 0.71 | FDIS | Fidelity MSCI Consumer | PairCorr |
The ability to find closely correlated positions to ProShares Online could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ProShares Online when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ProShares Online - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ProShares Online Retail to buy it.
The correlation of ProShares Online is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares Online moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares Online Retail moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ProShares Online can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out ProShares Online Piotroski F Score and ProShares Online Altman Z Score analysis. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
The market value of ProShares Online Retail 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 Online's value that differs from its market value or its book value, called intrinsic value, which is ProShares Online'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 Online's market value can be influenced by many factors that don't directly affect ProShares Online'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 Online's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Online is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Online'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.