Proshares Ultra Bloomberg Etf Profile
| UCO Etf | USD 25.54 0.01 0.04% |
Performance0 of 100
| Odds Of DistressLess than 9
|
ProShares Ultra is selling at 25.54 as of the 30th of November 2024; that is 0.04 percent up since the beginning of the trading day. The etf's open price was 25.53. ProShares Ultra has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for ProShares Ultra Bloomberg are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 31st of October 2024 and ending today, the 30th of November 2024. Click here to learn more.
The fund seeks to meet its investment objective by investing, under normal market conditions, in any one of, or combinations of, Financial Instruments based on WTI sweet, light crude oil. Ultra Bloomberg is traded on NYSEARCA Exchange in the United States. More on ProShares Ultra Bloomberg
ProShares Etf Highlights
| Thematic Idea | Energy ETFs (View all Themes) |
| Business Concentration | Energy ETFs, Trading--Leveraged Commodities, ProShares (View all Sectors) |
| Issuer | ProShares |
| Inception Date | 2008-11-24 |
| Benchmark | Bloomberg Commodity Balanced WTI Crude Oil Index |
| Entity Type | Partnership |
| Average Trading Valume | 2.78 Million |
| Asset Type | Commodities |
| Category | Energy |
| Focus | Crude Oil |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | The Bank of New York Mellon Corporation |
| Advisor | ProShare Advisors LLC |
| Custodian | The Bank of New York Mellon Corporation |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | Alexander Ilyasov |
| Transfer Agent | Brown Brothers Harriman & Co. |
| Trustee | Wilmington Trust Company |
| Fiscal Year End | 31-Dec |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 25.0 |
| Market Maker | IMC |
| Total Expense | 0.95 |
| Management Fee | 0.95 |
| Country Name | USA |
| Returns Y T D | (2.18) |
| Name | ProShares Ultra Bloomberg Crude Oil |
| Currency Code | USD |
| Open Figi | BBG000CSVPZ6 |
| In Threey Volatility | 48.86 |
| 1y Volatility | 28.8 |
| 200 Day M A | 29.9684 |
| 50 Day M A | 26.6968 |
| Code | UCO |
| Updated At | 29th of November 2024 |
| Currency Name | US Dollar |
ProShares Ultra Bloomberg [UCO] is traded in USA and was established 2008-11-24. The fund is classified under Trading--Leveraged Commodities category within ProShares family. The entity is thematically classified as Energy ETFs. ProShares Ultra Bloomberg at this time have 796.6 M in net assets. , while the total return for the last 3 years was 11.6%.
Check ProShares Ultra Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on ProShares Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding ProShares Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as ProShares Ultra Bloomberg Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top ProShares Ultra Bloomberg Etf Constituents
| Bloomberg Wti Crude Oil Balanced Swap - Cit | 11.91% |
| Bloomberg Wti Crude Oil Balanced Swap - Sg | 11.2399995% |
| Bloomberg Wti Crude Oil Balanced Swap - Ms | 20.62% |
| Bloomberg Wti Crude Oil Balanced Swap - Ubs | 16.73% |
| Bloomberg Wti Crude Oil Balanced Swap - Gs | 16.84% |
| Wti Crude Future Nov21 | 39.37% |
| WTI Crude Future June 21 | 41.74% |
| Wti Crude Future Dec21 | 41.57% |
ProShares Ultra Top Holders
| OILK | ProShares K 1 Free | Etf | Commodities Focused |
ProShares Ultra Bloomberg Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in ProShares Ultra. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | 0.5862 |
ProShares Ultra Against Markets
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares Ultra Bloomberg. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
The market value of ProShares Ultra Bloomberg 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 Ultra's value that differs from its market value or its book value, called intrinsic value, which is ProShares Ultra'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 Ultra's market value can be influenced by many factors that don't directly affect ProShares Ultra'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 Ultra's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Ultra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Ultra'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.