Proshares Metaverse Etf Performance
| VERS Etf | USD 53.80 0.05 0.09% |
The etf holds a Beta of 0.46, which implies possible diversification benefits within a given portfolio. As returns on the market increase, ProShares Metaverse's returns are expected to increase less than the market. However, during the bear market, the loss of holding ProShares Metaverse is expected to be smaller as well.
Risk-Adjusted Performance
13 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in ProShares Metaverse ETF are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively abnormal basic indicators, ProShares Metaverse unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | How To Trade - Stock Traders Daily | 11/18/2024 |
2 | When the Price of Talks, People Listen - Stock Traders Daily | 12/09/2024 |
ProShares |
ProShares Metaverse Relative Risk vs. Return Landscape
If you would invest 4,378 in ProShares Metaverse ETF on November 1, 2024 and sell it today you would earn a total of 1,002 from holding ProShares Metaverse ETF or generate 22.88% return on investment over 90 days. ProShares Metaverse ETF is currently generating 0.3664% in daily expected returns and assumes 2.1607% risk (volatility on return distribution) over the 90 days horizon. In different words, 19% of etfs are less volatile than ProShares, and 93% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
ProShares Metaverse Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares Metaverse's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as ProShares Metaverse ETF, and traders can use it to determine the average amount a ProShares Metaverse'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 = 0.1696
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | VERS | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.16 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.37 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average ProShares Metaverse 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 Metaverse by adding it to a well-diversified portfolio.
ProShares Metaverse Fundamentals Growth
ProShares Etf prices reflect investors' perceptions of the future prospects and financial health of ProShares Metaverse, and ProShares Metaverse 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.
| Return On Equity | -80.67 | |||
| Return On Asset | -23.93 | |||
| Current Valuation | 33.97 M | |||
| Shares Outstanding | 151.56 M | |||
| Price To Book | 0.24 X | |||
| EBITDA | (22.36 M) | |||
| Cash And Equivalents | 2.26 M | |||
| Cash Per Share | 0.01 X | |||
| Total Debt | 27.58 M | |||
| Debt To Equity | 115.00 % | |||
| Book Value Per Share | 0.13 X | |||
| Cash Flow From Operations | (18.49 M) | |||
| Earnings Per Share | (0.16) X | |||
| Total Asset | 5.66 M | |||
About ProShares Metaverse Performance
Assessing ProShares Metaverse's fundamental ratios provides investors with valuable insights into ProShares Metaverse's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the ProShares Metaverse is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
The index consists of companies that provide innovative technologies to offer products and services around the Metaverse. Proshares Metaverse is traded on NYSEARCA Exchange in the United States.| ProShares Metaverse has high likelihood to experience some financial distress in the next 2 years | |
| ProShares Metaverse has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| ProShares Metaverse ETF currently holds 27.58 M in liabilities with Debt to Equity (D/E) ratio of 115.0, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. ProShares Metaverse ETF has a current ratio of 0.46, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist ProShares Metaverse until it has trouble settling it off, either with new capital or with free cash flow. So, ProShares Metaverse's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like ProShares Metaverse ETF sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for ProShares to invest in growth at high rates of return. When we think about ProShares Metaverse's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (24 M). | |
| ProShares Metaverse ETF currently holds about 2.26 M in cash with (18.49 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 74.0% of ProShares Metaverse outstanding shares are owned by insiders | |
| The fund keeps 99.92% 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 Metaverse ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of ProShares Metaverse ETF 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 Metaverse's value that differs from its market value or its book value, called intrinsic value, which is ProShares Metaverse'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 Metaverse's market value can be influenced by many factors that don't directly affect ProShares Metaverse'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 Metaverse's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Metaverse is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Metaverse'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.