Proshares Ultra Nasdaq Etf Profile
| UCYB Etf | USD 47.99 0.58 1.19% |
Performance8 of 100
| Odds Of DistressLess than 9
|
ProShares Ultra is trading at 47.99 as of the 30th of November 2024, a 1.19% down since the beginning of the trading day. The etf's open price was 48.57. ProShares Ultra has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for ProShares Ultra Nasdaq are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of September 2024 and ending today, the 30th of November 2024. Click here to learn more.
The index is a modified liquidity weighted index comprised of companies classified as cybersecurity companies by CTA. Ultra Nasdaq is traded on NASDAQ Exchange in the United States. More on ProShares Ultra Nasdaq
Moving together with ProShares Etf
| 0.9 | SSO | ProShares Ultra SP500 | PairCorr |
| 0.9 | SPXL | Direxion Daily SP500 | PairCorr |
| 0.88 | QLD | ProShares Ultra QQQ | PairCorr |
| 0.9 | UPRO | ProShares UltraPro SP500 | PairCorr |
| 0.84 | TECL | Direxion Daily Technology | PairCorr |
Moving against ProShares Etf
ProShares Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Theme ETFs, Trading--Leveraged Equity, ProShares (View all Sectors) |
| Issuer | ProShares |
| Inception Date | 2021-01-19 |
| Benchmark | Nasdaq CTA Cybersecurity Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 3.83 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | J.P. Morgan Chase Bank, N.A. |
| Advisor | ProShare Advisors LLC |
| Custodian | J.P. Morgan Investment Management Inc. |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | Michael Neches, Tarak Dav |
| Transfer Agent | JPMorgan Chase Bank, N.A. |
| Fiscal Year End | 31-May |
| Exchange | NASDAQ |
| Number of Constituents | 6.0 |
| Market Maker | Virtu Financial |
| Total Expense | 4.07 |
| Management Fee | 0.75 |
| Country Name | USA |
| Returns Y T D | 26.99 |
| Name | ProShares Ultra Nasdaq Cybersecurity |
| Currency Code | USD |
| Open Figi | BBG00YZ60LV2 |
| In Threey Volatility | 40.62 |
| 1y Volatility | 27.6 |
| 200 Day M A | 41.6566 |
| 50 Day M A | 45.9913 |
| Code | UCYB |
| Updated At | 30th of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.05) |
ProShares Ultra Nasdaq [UCYB] is traded in USA and was established 2021-01-19. The fund is listed under Trading--Leveraged Equity category and is part of ProShares family. The entity is thematically classified as Strategy ETFs. ProShares Ultra Nasdaq at this time have 1.81 M in net assets. , while the total return for the last 3 years was -0.1%.
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 Nasdaq 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 Nasdaq Etf Constituents
| CIBR | First Trust NASDAQ | Etf | Technology |
ProShares Ultra Nasdaq 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 | 0.0714 | |||
| Jensen Alpha | 0.1545 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0204 |
ProShares Ultra Against Markets
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares Ultra Nasdaq. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
The market value of ProShares Ultra Nasdaq 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.