ProShares UltraShort Financials
| SDD Etf | USD 13.02 0.10 0.76% |
Net Expense Ratio 0.0095 | 3 y Sharp Ratio (0.10) |
ProShares |
The data published in ProShares UltraShort's official financial statements typically reflect ProShares UltraShort'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 UltraShort's quantitative information. For example, before you start analyzing numbers published by ProShares accountants, it's essential to understand ProShares UltraShort's liquidity, profitability, and earnings quality within the context of the ProShares space in which it operates.
Please note, the presentation of ProShares UltraShort's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, ProShares UltraShort's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of ProShares UltraShort's management manipulating its earnings.
ProShares UltraShort Etf Summary
ProShares UltraShort competes with ProShares UltraShort, ProShares UltraShort, ProShares Short, ProShares UltraShort, and ProShares UltraShort. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. Ultrashort Smallcap600 is traded on NYSEARCA Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US74347G5725 |
| CUSIP | 74348A327 74347G572 74348A400 74348A137 74347R792 |
| Region | North America |
| Investment Issuer | ProShares |
| Etf Family | ProShares |
| Fund Category | Size and Style |
| Portfolio Concentration | Small Cap |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
ProShares UltraShort Key Financial Ratios
ProShares Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining ProShares UltraShort's current stock value. Our valuation model uses many indicators to compare ProShares UltraShort value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across ProShares UltraShort competition to find correlations between indicators driving ProShares UltraShort's intrinsic value. More Info.ProShares UltraShort SmallCap600 is rated below average in beta as compared to similar ETFs. It is rated fifth largest ETF in one year return as compared to similar ETFs . Comparative valuation analysis is a catch-all technique that is used if you cannot value ProShares UltraShort 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 UltraShort Systematic Risk
ProShares UltraShort's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. ProShares UltraShort 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 ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on ProShares UltraShort correlated with the market. If Beta is less than 0 ProShares UltraShort generally moves in the opposite direction as compared to the market. If ProShares UltraShort Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one ProShares UltraShort is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of ProShares UltraShort is generally in the same direction as the market. If Beta > 1 ProShares UltraShort moves generally in the same direction as, but more than the movement of the benchmark.
About ProShares UltraShort Financials
What exactly are ProShares UltraShort Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include ProShares UltraShort's income statement, its balance sheet, and the statement of cash flows. Potential ProShares UltraShort investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although ProShares UltraShort investors may use each financial statement separately, they are all related. The changes in ProShares UltraShort's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on ProShares UltraShort's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.ProShares UltraShort Thematic Clasifications
ProShares UltraShort SmallCap600 is part of several thematic ideas from Small Cap ETFs to Size And Style 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 IdeasProShares UltraShort November 30, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of ProShares UltraShort help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of ProShares UltraShort SmallCap600. We use our internally-developed statistical techniques to arrive at the intrinsic value of ProShares UltraShort SmallCap600 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 UltraShort's daily price indicators and compare them against related drivers.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 17.68 | |||
| Value At Risk | (4.05) | |||
| Potential Upside | 2.89 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares UltraShort SmallCap600. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
The market value of ProShares UltraShort 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 UltraShort's value that differs from its market value or its book value, called intrinsic value, which is ProShares UltraShort'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 UltraShort's market value can be influenced by many factors that don't directly affect ProShares UltraShort'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 UltraShort's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares UltraShort is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares UltraShort'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.