Proshares Sp Technology Etf Performance

TDV Etf  USD 73.62  0.36  0.49%   
The etf holds a Beta of 0.0255, which implies not very significant fluctuations relative to the market. 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

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Over the last 90 days ProShares SP Technology has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable fundamental indicators, ProShares is not utilizing all of its potentials. The latest stock price fuss, may contribute to near-short-term losses for the sophisticated investors. ...more
In Threey Sharp Ratio0.35
  

ProShares Relative Risk vs. Return Landscape

If you would invest  7,627  in ProShares SP Technology on December 23, 2024 and sell it today you would lose (265.00) from holding ProShares SP Technology or give up 3.47% of portfolio value over 90 days. ProShares SP Technology is generating negative expected returns assuming volatility of 1.1401% 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.
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Considering the 90-day investment horizon ProShares is expected to under-perform the market. In addition to that, the company is 1.36 times more volatile than its market benchmark. It trades about -0.05 of its total potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly -0.04 per unit of volatility.

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 Technology, 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 = -0.0452

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Estimated Market Risk

 1.14
  actual daily
10
90% of assets are more volatile

Expected Return

 -0.05
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.05
  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 Asset100.53 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 index, constructed and maintained by SP Dow Jones Indices LLC, targets companies from the U.S. technology sector and select U.S. technology-related companies from the communication services and consumer discretionary sectors. SP Technology is traded on BATS Exchange in the United States.
ProShares generated a negative expected return over the last 90 days
The fund maintains 99.94% of its assets in stocks
When determining whether ProShares SP Technology is a strong investment it is important to analyze ProShares' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ProShares' future performance. For an informed investment choice regarding ProShares Etf, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares SP Technology. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
The market value of ProShares SP Technology 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.