Proshares Sp Kensho Etf Performance
| CTEX Etf | USD 18.72 0.29 1.53% |
The etf holds a Beta of 0.67, which implies possible diversification benefits within a given portfolio. As returns on the market increase, ProShares' returns are expected to increase less than the market. However, during the bear market, the loss of holding ProShares is expected to be smaller as well.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days ProShares SP Kensho has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Etf's technical and fundamental indicators remain fairly strong which may send shares a bit higher in April 2025. The current disturbance may also be a sign of long term up-swing for the ETF investors. ...more
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| In Threey Sharp Ratio | -0.38 |
ProShares |
ProShares Relative Risk vs. Return Landscape
If you would invest 2,186 in ProShares SP Kensho on December 22, 2024 and sell it today you would lose (314.00) from holding ProShares SP Kensho or give up 14.36% of portfolio value over 90 days. ProShares SP Kensho is currently does not generate positive expected returns and assumes 2.4405% risk (volatility on return distribution) over the 90 days horizon. In different words, 21% 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 Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares' investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as ProShares SP Kensho, and traders can use it to determine the average amount a ProShares' 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 = -0.0937
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| Negative Returns | CTEX |
Estimated Market Risk
| 2.44 actual daily | 21 79% of assets are more volatile |
Expected Return
| -0.23 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ProShares 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 by adding ProShares to a well-diversified portfolio.
ProShares Fundamentals Growth
ProShares Etf prices reflect investors' perceptions of the future prospects and financial health of ProShares, and ProShares 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 | 5.54 M | |||
About ProShares Performance
Evaluating ProShares' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if ProShares has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if ProShares has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the index. Proshares is traded on NYSEARCA Exchange in the United States.| ProShares SP Kensho generated a negative expected return over the last 90 days | |
| Latest headline from news.google.com: Goldman Sachs Analyst Optimistic On SolarEdges Strong Domestic Manufacturing, European Expansion - Benzinga | |
| The fund created three year return of -20.0% | |
| ProShares SP Kensho holds 100.03% of its assets under management (AUM) in equities |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ProShares SP Kensho. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of ProShares SP Kensho 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' value that differs from its market value or its book value, called intrinsic value, which is ProShares' 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' market value can be influenced by many factors that don't directly affect ProShares' 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' value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares' 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.