Proshares Smart Materials Etf Performance
| TINT Etf | USD 31.10 0.14 0.45% |
The etf holds a Beta of 0.75, which implies possible diversification benefits within a given portfolio. As returns on the market increase, ProShares Smart's returns are expected to increase less than the market. However, during the bear market, the loss of holding ProShares Smart is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days ProShares Smart Materials has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, ProShares Smart is not utilizing all of its potentials. The current stock price uproar, may contribute to short-horizon losses for the private investors. ...more
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| In Threey Sharp Ratio | -0.28 |
ProShares |
ProShares Smart Relative Risk vs. Return Landscape
If you would invest 3,250 in ProShares Smart Materials on September 14, 2024 and sell it today you would lose (140.10) from holding ProShares Smart Materials or give up 4.31% of portfolio value over 90 days. ProShares Smart Materials is currently does not generate positive expected returns and assumes 0.9615% risk (volatility on return distribution) over the 90 days horizon. In different words, 8% of etfs are less volatile than ProShares, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
ProShares Smart Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares Smart's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as ProShares Smart Materials, and traders can use it to determine the average amount a ProShares Smart'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 = -0.0669
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| Negative Returns | TINT |
Estimated Market Risk
| 0.96 actual daily | 8 92% of assets are more volatile |
Expected Return
| -0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ProShares Smart is not performing at its full potential. However, 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 Smart by adding ProShares Smart to a well-diversified portfolio.
ProShares Smart Fundamentals Growth
ProShares Etf prices reflect investors' perceptions of the future prospects and financial health of ProShares Smart, and ProShares Smart 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 | 1.28 M | |||
About ProShares Smart Performance
Assessing ProShares Smart's fundamental ratios provides investors with valuable insights into ProShares Smart's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the ProShares Smart 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 selects companies focused on making or applying industrial innovations which allow for improved products, processes, or techniques through advanced, responsive, or intelligent materials. Proshares Smart is traded on NYSEARCA Exchange in the United States.| ProShares Smart generated a negative expected return over the last 90 days | |
| Latest headline from news.google.com: Learn to Evaluate using the Charts - Stock Traders Daily | |
| The fund created three year return of -8.0% | |
| ProShares Smart Materials maintains 99.63% of its assets in stocks |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares Smart Materials. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
The market value of ProShares Smart Materials 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 Smart's value that differs from its market value or its book value, called intrinsic value, which is ProShares Smart'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 Smart's market value can be influenced by many factors that don't directly affect ProShares Smart'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 Smart's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Smart is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Smart'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.