Proshares Ultra Cloud Etf Performance
| SKYU Etf | USD 36.81 0.08 0.22% |
The etf holds a Beta of 0.65, which implies possible diversification benefits within a given portfolio. As returns on the market increase, ProShares Ultra's returns are expected to increase less than the market. However, during the bear market, the loss of holding ProShares Ultra is expected to be smaller as well.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in ProShares Ultra Cloud are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak basic indicators, ProShares Ultra unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | What Are the Top 10 ETFs The Best-Performing ETFs of the Month - Markets.com | 12/09/2024 |
| In Threey Sharp Ratio | 0.05 |
ProShares |
ProShares Ultra Relative Risk vs. Return Landscape
If you would invest 2,934 in ProShares Ultra Cloud on October 12, 2024 and sell it today you would earn a total of 747.00 from holding ProShares Ultra Cloud or generate 25.46% return on investment over 90 days. ProShares Ultra Cloud is currently generating 0.4215% in daily expected returns and assumes 3.1601% risk (volatility on return distribution) over the 90 days horizon. In different words, 28% of etfs are less volatile than ProShares, and 92% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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ProShares Ultra Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares Ultra's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as ProShares Ultra Cloud, and traders can use it to determine the average amount a ProShares Ultra's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1334
| Best Portfolio | Best Equity | |||
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| Small Returns | SKYU | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.16 actual daily | 28 72% of assets are more volatile |
Expected Return
| 0.42 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average ProShares Ultra is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ProShares Ultra by adding it to a well-diversified portfolio.
ProShares Ultra Fundamentals Growth
ProShares Etf prices reflect investors' perceptions of the future prospects and financial health of ProShares Ultra, and ProShares Ultra fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on ProShares Etf performance.
| Total Asset | 1.24 M | |||
About ProShares Ultra Performance
Assessing ProShares Ultra's fundamental ratios provides investors with valuable insights into ProShares Ultra's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the ProShares Ultra is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
The index is comprised of companies classified as cloud computing companies by the CTA. Ultra Nasdaq is traded on NASDAQ Exchange in the United States.| ProShares Ultra had very high historical volatility over the last 90 days | |
| The fund created three year return of -1.0% | |
| ProShares Ultra Cloud maintains 199.63% of its assets in stocks |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares Ultra Cloud. 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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
The market value of ProShares Ultra Cloud 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.