Proshares Ultrapro Short Etf Ten Year Return
| SQQQ Etf | USD 28.93 0.64 2.16% |
ProShares UltraPro Short fundamentals help investors to digest information that contributes to ProShares UltraPro's financial success or failures. It also enables traders to predict the movement of ProShares Etf. The fundamental analysis module provides a way to measure ProShares UltraPro's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ProShares UltraPro etf.
ProShares |
ProShares UltraPro Short ETF Ten Year Return Analysis
ProShares UltraPro's Ten Year Return shows the total annualized return generated from holding a fund for the last 10 years and represents fund's capital appreciation, including dividends losses and capital gains distributions. This return indicator is considered by many investors to be the ultimate measures of fund performance and can reflect the overall performance of the market or market segment it invests in.
More About Ten Year Return | All Equity Analysis
Ten Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current ProShares UltraPro Ten Year Return | (52.70) % |
Most of ProShares UltraPro's fundamental indicators, such as Ten Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ProShares UltraPro Short is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although Ten Year Fund Return indicator can give a sense of overall fund long-term potential, it is recommended to compare funds performances against other similar funds or market benchmarks for the same 10-year interval.
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ProShares UltraPro Ten Year Return Component Assessment
Based on the latest financial disclosure, ProShares UltraPro Short has a Ten Year Return of -52.7%. This is much higher than that of the ProShares family and 174.91% higher than that of the Family category. The ten year return for all United States etfs is notably higher than that of the company.
ProShares Ten Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ProShares UltraPro's direct or indirect competition against its Ten Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of ProShares UltraPro could also be used in its relative valuation, which is a method of valuing ProShares UltraPro by comparing valuation metrics of similar companies.ProShares UltraPro is currently under evaluation in ten year return as compared to similar ETFs.
ProShares Fundamentals
| Number Of Employees | 154 | |||
| Beta | -3.51 | |||
| Total Asset | 5.13 B | |||
| One Year Return | (57.20) % | |||
| Three Year Return | (39.60) % | |||
| Five Year Return | (59.50) % | |||
| Ten Year Return | (52.70) % | |||
| Net Asset | 5.13 B | |||
| Last Dividend Paid | 0.0667 | |||
| Equity Positions Weight | (300.04) % |
About ProShares UltraPro Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ProShares UltraPro Short's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ProShares UltraPro using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ProShares UltraPro Short based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with ProShares UltraPro
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ProShares UltraPro position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ProShares UltraPro will appreciate offsetting losses from the drop in the long position's value.Moving together with ProShares Etf
| 0.97 | SH | ProShares Short SP500 | PairCorr |
| 0.94 | PSQ | ProShares Short QQQ | PairCorr |
| 0.97 | SPXU | ProShares UltraPro Short | PairCorr |
| 0.97 | SDS | ProShares UltraShort Aggressive Push | PairCorr |
| 0.97 | SPXS | Direxion Daily SP Aggressive Push | PairCorr |
Moving against ProShares Etf
| 0.87 | GBTC | Grayscale Bitcoin Trust | PairCorr |
| 0.85 | ATMP | Barclays ETN Select | PairCorr |
| 0.75 | AMZA | InfraCap MLP ETF | PairCorr |
| 0.74 | SGG | Barclays Capital | PairCorr |
| 0.68 | MLPR | ETRACS Quarterly Pay | PairCorr |
The ability to find closely correlated positions to ProShares UltraPro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ProShares UltraPro when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ProShares UltraPro - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ProShares UltraPro Short to buy it.
The correlation of ProShares UltraPro is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares UltraPro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares UltraPro Short moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ProShares UltraPro can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out ProShares UltraPro Piotroski F Score and ProShares UltraPro Altman Z Score analysis. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
The market value of ProShares UltraPro Short 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 UltraPro's value that differs from its market value or its book value, called intrinsic value, which is ProShares UltraPro'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 UltraPro's market value can be influenced by many factors that don't directly affect ProShares UltraPro'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 UltraPro's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares UltraPro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares UltraPro'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.