Proshares Ultrapro Midcap400 Etf Fundamentals
| UMDD Etf | USD 34.12 0.29 0.86% |
ProShares UltraPro MidCap400 fundamentals help investors to digest information that contributes to ProShares UltraPro'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 UltraPro'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 UltraPro etf.
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ProShares UltraPro MidCap400 ETF Price To Earning Analysis
ProShares UltraPro's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current ProShares UltraPro Price To Earning | 20.72 X |
Most of ProShares UltraPro's fundamental indicators, such as Price To Earning, 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 UltraPro MidCap400 is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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ProShares UltraPro Price To Earning Component Assessment
Based on the latest financial disclosure, ProShares UltraPro MidCap400 has a Price To Earning of 20.72 times. This is 275.36% higher than that of the ProShares family and 9.44% higher than that of the Family category. The price to earning for all United States etfs is notably lower than that of the firm.
ProShares UltraPro Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining ProShares UltraPro's current stock value. Our valuation model uses many indicators to compare ProShares UltraPro value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across ProShares UltraPro competition to find correlations between indicators driving ProShares UltraPro's intrinsic value. More Info.ProShares UltraPro MidCap400 is rated first in price to earning as compared to similar ETFs. It is rated second in price to book as compared to similar ETFs fabricating about 0.11 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for ProShares UltraPro MidCap400 is roughly 9.01 . Comparative valuation analysis is a catch-all technique that is used if you cannot value ProShares UltraPro by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Did you try this?
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Fund Asset Allocation for ProShares UltraPro
The fund invests 293.66% of asset under management in tradable equity instruments, with the rest of investments concentrated in .Asset allocation divides ProShares UltraPro'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
| Price To Earning | 20.72 X | |||
| Price To Book | 2.30 X | |||
| Price To Sales | 1.32 X | |||
| Number Of Employees | 154 | |||
| Beta | 3.18 | |||
| Total Asset | 19.97 M | |||
| One Year Return | 97.40 % | |||
| Three Year Return | 0.90 % | |||
| Five Year Return | 7.80 % | |||
| Ten Year Return | 11.80 % | |||
| Net Asset | 19.97 M | |||
| Last Dividend Paid | 0.062 | |||
| Equity Positions Weight | 293.66 % |
About ProShares UltraPro Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ProShares UltraPro MidCap400's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ProShares UltraPro using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ProShares UltraPro MidCap400 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.The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. Ultrapro Midcap is traded on NYSEARCA Exchange in the United States.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether ProShares UltraPro is a strong investment it is important to analyze ProShares UltraPro's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ProShares UltraPro's future performance. For an informed investment choice regarding ProShares Etf, refer to the following important reports:Check out ProShares UltraPro Piotroski F Score and ProShares UltraPro Altman Z Score analysis. 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 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.