Proshares Ultrashort Health Etf Performance
| RXD Etf | USD 10.67 0.09 0.84% |
The etf holds a Beta of -1.06, which implies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning ProShares UltraShort are expected to decrease slowly. On the other hand, during market turmoil, ProShares UltraShort is expected to outperform it slightly.
Risk-Adjusted Performance
13 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in ProShares UltraShort Health are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. In spite of rather conflicting basic indicators, ProShares UltraShort exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
| In Threey Sharp Ratio | -0.15 |
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ProShares UltraShort Relative Risk vs. Return Landscape
If you would invest 918.00 in ProShares UltraShort Health on August 29, 2024 and sell it today you would earn a total of 149.00 from holding ProShares UltraShort Health or generate 16.23% return on investment over 90 days. ProShares UltraShort Health is generating 0.2493% of daily returns assuming volatility of 1.4462% on return distribution over 90 days investment horizon. In other words, 12% of etfs are less volatile than ProShares, and above 96% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
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ProShares UltraShort Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares UltraShort's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as ProShares UltraShort Health, and traders can use it to determine the average amount a ProShares UltraShort'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 = 0.1723
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Estimated Market Risk
| 1.45 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.25 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average ProShares UltraShort is performing at about 13% 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 UltraShort by adding it to a well-diversified portfolio.
ProShares UltraShort Fundamentals Growth
ProShares Etf prices reflect investors' perceptions of the future prospects and financial health of ProShares UltraShort, and ProShares UltraShort 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 | 9.15 M | |||
About ProShares UltraShort Performance
By analyzing ProShares UltraShort's fundamental ratios, stakeholders can gain valuable insights into ProShares UltraShort's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if ProShares UltraShort 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 UltraShort 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. Ultrashort Health is traded on NYSEARCA Exchange in the United States.| This fund generated-21.0 ten year return of -21.0% | |
| ProShares UltraShort maintains most of the assets in different exotic instruments. |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ProShares UltraShort Health. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
The market value of ProShares UltraShort 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 UltraShort's value that differs from its market value or its book value, called intrinsic value, which is ProShares UltraShort'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 UltraShort's market value can be influenced by many factors that don't directly affect ProShares UltraShort'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 UltraShort's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares UltraShort is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares UltraShort'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.