ProShares UltraPro Financial Statements From 2010 to 2025
| SQQQ Etf | USD 36.73 2.81 7.11% |
Market Capitalisation {Big=-, Small=-, Mega=-, Medium=-, Micro=-} |
Check ProShares UltraPro financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ProShares UltraPro's main balance sheet or income statement drivers, such as , as well as many indicators such as . ProShares financial statements analysis is a perfect complement when working with ProShares UltraPro Valuation or Volatility modules.
ProShares |
ProShares UltraPro Short ETF Beta Analysis
ProShares UltraPro's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current ProShares UltraPro Beta | -3.46 |
Most of ProShares UltraPro's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ProShares UltraPro Short is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, ProShares UltraPro Short has a Beta of -3.46. This is much lower than that of the ProShares family and significantly lower than that of the Trading--Inverse Equity category. The beta for all United States etfs is notably higher than that of the company.
About ProShares UltraPro Financial Statements
ProShares UltraPro shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although ProShares UltraPro investors may analyze each financial statement separately, they are all interrelated. The changes in ProShares UltraPro's assets and liabilities, for example, are also reflected in the revenues and expenses on on ProShares UltraPro's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. Ultrapro Short is traded on NASDAQ Exchange in the United States.
Pair Trading with ProShares UltraPro
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ProShares UltraPro position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ProShares UltraPro will appreciate offsetting losses from the drop in the long position's value.Moving together with ProShares Etf
| 0.98 | SH | ProShares Short SP500 | PairCorr |
| 0.99 | PSQ | ProShares Short QQQ | PairCorr |
| 0.98 | SPXU | ProShares UltraPro Short Downward Rally | PairCorr |
| 0.98 | SDS | ProShares UltraShort Aggressive Push | PairCorr |
| 0.98 | SPXS | Direxion Daily SP Downward Rally | PairCorr |
Moving against ProShares Etf
| 0.99 | VUG | Vanguard Growth Index | PairCorr |
| 0.97 | VTI | Vanguard Total Stock | PairCorr |
| 0.97 | SPY | SPDR SP 500 | PairCorr |
| 0.97 | IVV | iShares Core SP | PairCorr |
| 0.85 | VO | Vanguard Mid Cap | PairCorr |
The ability to find closely correlated positions to ProShares UltraPro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ProShares UltraPro when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ProShares UltraPro - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ProShares UltraPro Short to buy it.
The correlation of ProShares UltraPro is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares UltraPro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares UltraPro Short moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ProShares UltraPro can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of ProShares UltraPro Correlation against competitors. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
The market value of ProShares UltraPro Short 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 UltraPro's value that differs from its market value or its book value, called intrinsic value, which is ProShares UltraPro'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 UltraPro's market value can be influenced by many factors that don't directly affect ProShares UltraPro'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 UltraPro's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares UltraPro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares UltraPro'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.