Proshares High Yieldinterest Etf Performance
| HYHG Etf | USD 65.69 0.10 0.15% |
The etf holds a Beta of -0.002, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ProShares High are expected to decrease at a much lower rate. During the bear market, ProShares High is likely to outperform the market.
Risk-Adjusted Performance
19 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in ProShares High YieldInterest are ranked lower than 19 (%) of all global equities and portfolios over the last 90 days. Despite nearly stable technical indicators, ProShares High is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
| In Threey Sharp Ratio | 0.62 |
ProShares |
ProShares High Relative Risk vs. Return Landscape
If you would invest 6,368 in ProShares High YieldInterest on September 19, 2024 and sell it today you would earn a total of 201.00 from holding ProShares High YieldInterest or generate 3.16% return on investment over 90 days. ProShares High YieldInterest is currently generating 0.0495% in daily expected returns and assumes 0.2004% risk (volatility on return distribution) over the 90 days horizon. In different words, 1% 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 High Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares High's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as ProShares High YieldInterest, and traders can use it to determine the average amount a ProShares High'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 = 0.2472
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | HYHG |
Estimated Market Risk
| 0.2 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.25 actual daily | 19 81% of assets perform better |
Based on monthly moving average ProShares High is performing at about 19% 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 High by adding it to a well-diversified portfolio.
ProShares High Fundamentals Growth
ProShares Etf prices reflect investors' perceptions of the future prospects and financial health of ProShares High, and ProShares High 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 | 122.78 M | |||
About ProShares High Performance
By analyzing ProShares High's fundamental ratios, stakeholders can gain valuable insights into ProShares High's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if ProShares High 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 High has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Under normal circumstances, the fund will invest at least 80 percent of its total assets in high-yield bonds included in the index. High Yield is traded on BATS Exchange in the United States.| The fund retains about 8.97% of its assets under management (AUM) in fixed income securities |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ProShares High YieldInterest. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
The market value of ProShares High Yield 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 High's value that differs from its market value or its book value, called intrinsic value, which is ProShares High'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 High's market value can be influenced by many factors that don't directly affect ProShares High'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 High's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares High'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.