ProShares Ultra Financials
| UYM Etf | USD 25.60 0.40 1.54% |
Net Expense Ratio 0.0095 | 3 y Sharp Ratio 0.28 |
ProShares |
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 Basic is traded on NYSEARCA Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US74347R7769 |
| CUSIP | 74347R776 |
| Region | North America |
| Investment Issuer | ProShares |
| Etf Family | ProShares |
| Fund Category | Sector |
| Portfolio Concentration | Materials |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - 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 Basic is rated fourth in price to earning as compared to similar ETFs. It is rated fourth in price to book as compared to similar ETFs fabricating about 0.17 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for ProShares Ultra Basic is roughly 5.87 . 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 Basic 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.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on ProShares Ultra Basic 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 Basic 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 Basic is part of several thematic ideas from Materials ETFs to Sector 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 Ultra December 15, 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 Basic. We use our internally-developed statistical techniques to arrive at the intrinsic value of ProShares Ultra Basic 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.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 7.22 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 2.54 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares Ultra Basic. 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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
The market value of ProShares Ultra Basic 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.