ProShares Ultra Financials

ROM Etf  USD 73.30  0.82  1.11%   
Financial data analysis helps to confirm if markets are presently mispricing ProShares Ultra Tech. We were able to break down and interpolate data for fourteen available financial ratios for ProShares Ultra Tech, which can be compared to its competitors. The etf experiences a somewhat bearish sentiment, but the market may correct it shortly. Check odds of ProShares Ultra to be traded at $71.1 in 90 days. Key indicators impacting ProShares Ultra's financial strength include:
Net Expense Ratio
0.0095
3 y Sharp Ratio
0.24
  
The data published in ProShares Ultra's official financial statements typically reflect ProShares Ultra's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving ProShares Ultra's quantitative information. For example, before you start analyzing numbers published by ProShares accountants, it's essential to understand ProShares Ultra's liquidity, profitability, and earnings quality within the context of the ProShares space in which it operates.

ProShares Ultra Etf Summary

ProShares Ultra competes with ProShares Ultra, ProShares Ultra, ProShares Ultra, ProShares Ultra, and ProShares Ultra. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. Ultra Technology is traded on NYSEARCA Exchange in the United States.
InstrumentUSA Etf View All
ExchangeNYSE ARCA Exchange
ISINUS74347R6936
CUSIP74347R693
RegionNorth America
Investment IssuerProShares
Etf FamilyProShares
Fund CategorySector
Portfolio ConcentrationInformation Technology
BenchmarkDow Jones Industrial
PhoneNA
CurrencyUSD - US Dollar

ProShares Ultra Key Financial Ratios

ProShares Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining ProShares Ultra's current stock value. Our valuation model uses many indicators to compare ProShares Ultra value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across ProShares Ultra competition to find correlations between indicators driving ProShares Ultra's intrinsic value. More Info.
ProShares Ultra Technology is rated fourth largest ETF in price to earning as compared to similar ETFs. It is rated second largest ETF in price to book as compared to similar ETFs fabricating about  0.21  of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for ProShares Ultra Technology is roughly  4.83 . Comparative valuation analysis is a catch-all technique that is used if you cannot value ProShares Ultra by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

ProShares Ultra Tech Systematic Risk

ProShares Ultra's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. ProShares Ultra volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourty-two with a total number of output elements of nineteen. The Beta measures systematic risk based on how returns on ProShares Ultra Tech correlated with the market. If Beta is less than 0 ProShares Ultra generally moves in the opposite direction as compared to the market. If ProShares Ultra Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one ProShares Ultra Tech is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of ProShares Ultra is generally in the same direction as the market. If Beta > 1 ProShares Ultra moves generally in the same direction as, but more than the movement of the benchmark.

ProShares Ultra Thematic Clasifications

ProShares Ultra Technology is part of several thematic ideas from Sector ETFs to Information Technology ETFs. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas

ProShares Ultra December 12, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of ProShares Ultra help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of ProShares Ultra Technology. We use our internally-developed statistical techniques to arrive at the intrinsic value of ProShares Ultra Technology based on widely used predictive technical indicators. In general, we focus on analyzing ProShares Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build ProShares Ultra's daily price indicators and compare them against related drivers.
When determining whether ProShares Ultra Tech is a strong investment it is important to analyze ProShares Ultra's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ProShares Ultra's future performance. For an informed investment choice regarding ProShares Etf, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ProShares Ultra Technology. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.
You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
The market value of ProShares Ultra Tech 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.