Proshares Nasdaq 100 Dorsey Etf Performance
| QQQA Etf | USD 49.23 0.55 1.13% |
The etf holds a Beta of 0.36, which implies possible diversification benefits within a given portfolio. As returns on the market increase, ProShares Nasdaq's returns are expected to increase less than the market. However, during the bear market, the loss of holding ProShares Nasdaq is expected to be smaller as well.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in ProShares Nasdaq 100 Dorsey are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. Despite somewhat unfluctuating basic indicators, ProShares Nasdaq sustained solid returns over the last few months and may actually be approaching a breakup point. ...more
| In Threey Sharp Ratio | -0.04 |
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ProShares Nasdaq Relative Risk vs. Return Landscape
If you would invest 4,363 in ProShares Nasdaq 100 Dorsey on November 3, 2024 and sell it today you would earn a total of 560.00 from holding ProShares Nasdaq 100 Dorsey or generate 12.84% return on investment over 90 days. ProShares Nasdaq 100 Dorsey is currently generating 0.2114% in daily expected returns and assumes 1.4158% risk (volatility on return distribution) over the 90 days horizon. In different words, 12% of etfs are less volatile than ProShares, and 96% 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 Nasdaq Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares Nasdaq's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as ProShares Nasdaq 100 Dorsey, and traders can use it to determine the average amount a ProShares Nasdaq'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 = 0.1493
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Estimated Market Risk
| 1.42 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.21 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average ProShares Nasdaq is performing at about 11% 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 Nasdaq by adding it to a well-diversified portfolio.
ProShares Nasdaq Fundamentals Growth
ProShares Etf prices reflect investors' perceptions of the future prospects and financial health of ProShares Nasdaq, and ProShares Nasdaq 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 | 14.75 M | |||
About ProShares Nasdaq Performance
By analyzing ProShares Nasdaq's fundamental ratios, stakeholders can gain valuable insights into ProShares Nasdaq's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if ProShares Nasdaq 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 Nasdaq has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
The index, which is constructed and maintained by Dorsey, Wright Associates, LLC , consists of 21 securities from the Nasdaq-100 Index with the highest price momentum. Nasdaq 100 is traded on NASDAQ Exchange in the United States.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ProShares Nasdaq 100 Dorsey. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in producer price index. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
The market value of ProShares Nasdaq 100 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 Nasdaq's value that differs from its market value or its book value, called intrinsic value, which is ProShares Nasdaq'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 Nasdaq's market value can be influenced by many factors that don't directly affect ProShares Nasdaq'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 Nasdaq's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Nasdaq is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Nasdaq'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.