Proshares On Demand Etf Performance
| OND Etf | USD 35.22 0.48 1.38% |
The etf holds a Beta of 0.48, 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 |
Compared to the overall equity markets, risk-adjusted returns on investments in ProShares On Demand ETF are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. In spite of rather sound basic indicators, ProShares is not utilizing all of its potentials. The newest stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
1 | CIBC Asset Management announces estimated 2024 annual reinvested capital gains distributions for CIBC ETFs and ETF Series - Yahoo Finance | 11/29/2024 |
2 | The Smartest Vanguard ETF to Buy With 500 Right Now - MSN | 12/11/2024 |
3 | Build an ETF Portfolio That Emphasizes Income - ETF Trends | 01/16/2025 |
4 | How one ETF provider is trying to help investors cut exposure to Magnificent 7 stocks - NBC Philadelphia | 02/06/2025 |
5 | BlackRock Launches ETF Certification Program in Partnership with Kaplan - Funds Society | 02/19/2025 |
| In Threey Sharp Ratio | 0.15 |
ProShares |
ProShares Relative Risk vs. Return Landscape
If you would invest 3,476 in ProShares On Demand ETF on November 28, 2024 and sell it today you would earn a total of 46.00 from holding ProShares On Demand ETF or generate 1.32% return on investment over 90 days. ProShares On Demand ETF is generating 0.029% of daily returns assuming volatility of 1.1715% on return distribution over 90 days investment horizon. In other words, 10% of etfs are less volatile than ProShares, and above 99% of all equities are expected to generate higher returns over the next 90 days. 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 On Demand ETF, 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 = 0.0248
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | OND |
Estimated Market Risk
| 1.17 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average ProShares is performing at about 1% 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 by adding it 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 | 896.26 K | |||
About ProShares Performance
By analyzing ProShares' fundamental ratios, stakeholders can gain valuable insights into ProShares' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. 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.
The index includes companies whose principal business is the provision of platforms and services for on-demand access to lifestyle needs including digital media, egaming, fitness, food delivery, ridesharing, or virtual reality experiences, as determined by the index methodology. Proshares On-Demand is traded on NYSEARCA Exchange in the United States.| Latest headline from news.google.com: BlackRock Launches ETF Certification Program in Partnership with Kaplan - Funds Society | |
| The fund maintains 99.88% of its assets in stocks |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ProShares On Demand ETF. 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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
The market value of ProShares On Demand 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.