Proshares Trust Etf Performance
| BITU Etf | 61.13 5.04 8.99% |
The etf holds a Beta of -0.23, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ProShares Trust are expected to decrease at a much lower rate. During the bear market, ProShares Trust is likely to outperform the market.
Risk-Adjusted Performance
16 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in ProShares Trust are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively inconsistent basic indicators, ProShares Trust unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Long Term Investment Analysis - Stock Traders Daily | 12/09/2024 |
ProShares |
ProShares Trust Relative Risk vs. Return Landscape
If you would invest 2,871 in ProShares Trust on October 22, 2024 and sell it today you would earn a total of 3,242 from holding ProShares Trust or generate 112.92% return on investment over 90 days. ProShares Trust is currently generating 1.4997% in daily expected returns and assumes 7.3123% risk (volatility on return distribution) over the 90 days horizon. In different words, 65% of etfs are less volatile than ProShares, and 71% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
ProShares Trust Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares Trust's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as ProShares Trust, and traders can use it to determine the average amount a ProShares Trust'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 = 0.2051
| Best Portfolio | Best Equity | |||
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| Average Returns | BITU | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 7.31 actual daily | 65 65% of assets are less volatile |
Expected Return
| 1.5 actual daily | 29 71% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average ProShares Trust is performing at about 16% 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 Trust by adding it to a well-diversified portfolio.
About ProShares Trust Performance
Assessing ProShares Trust's fundamental ratios provides investors with valuable insights into ProShares Trust's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the ProShares Trust 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.
ProShares Trust is entity of United States. It is traded as Etf on NYSE ARCA exchange.| ProShares Trust is way too risky over 90 days horizon | |
| ProShares Trust appears to be risky and price may revert if volatility continues |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ProShares Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy ProShares Etf please use our How to Invest in ProShares Trust guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
The market value of ProShares Trust 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 Trust's value that differs from its market value or its book value, called intrinsic value, which is ProShares Trust'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 Trust's market value can be influenced by many factors that don't directly affect ProShares Trust'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 Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Trust'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.