Proshares Ultra Euro Etf Profile
| ULE Etf | USD 10.90 0.01 0.09% |
Performance0 of 100
| Odds Of DistressLess than 9
|
ProShares Ultra is trading at 10.90 as of the 30th of November 2024, a 0.09% down since the beginning of the trading day. The etf's lowest day price was 10.8. 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 Euro are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of June 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 the funds benchmark. Ultra Euro is traded on NYSEARCA Exchange in the United States. More on ProShares Ultra Euro
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ProShares Etf Highlights
| Old Name | Ultra Electronics Holdings PLC |
| Business Concentration | Trading--Miscellaneous, ProShares (View all Sectors) |
| Issuer | ProShares |
| Inception Date | 2008-11-24 |
| Benchmark | EUR/USD Exchange Rate |
| Entity Type | Partnership |
| Average Trading Valume | 37,692.4 |
| Asset Type | Currency |
| Category | Euro |
| Focus | Euro |
| Market Concentration | Developed Markets |
| Region | Europe |
| 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 | 30.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.95 |
| Management Fee | 0.95 |
| Country Name | USA |
| Returns Y T D | (7.92) |
| Name | ProShares Ultra Euro |
| Currency Code | USD |
| Open Figi | BBG000CT3Z83 |
| In Threey Volatility | 15.03 |
| 1y Volatility | 11.47 |
| 200 Day M A | 11.4799 |
| 50 Day M A | 11.445 |
| Code | ULE |
| Updated At | 30th of November 2024 |
| Currency Name | US Dollar |
ProShares Ultra Euro [ULE] is traded in USA and was established 2008-11-24. The fund is classified under Trading--Miscellaneous category within ProShares family. ProShares Ultra Euro at this time have 13.39 M in net assets. , while the total return for the last 3 years was -6.3%.
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 Euro 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.
ProShares Ultra Euro Currency Exposure
ProShares Ultra Euro holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of ProShares Ultra will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in ProShares Ultra Euro.
Top ProShares Ultra Euro Etf Constituents
| EURO/US DOLLAR FORWARD - GOLDMAN SACHS | 100% |
| EURO/US DOLLAR FORWARD - UBS | 100% |
| Net Other Assets / Cash | 100% |
ProShares Ultra Euro 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 | (0.11) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | 0.3548 |
ProShares Ultra Against Markets
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares Ultra Euro. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
The market value of ProShares Ultra Euro 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.