ProShares UltraPro Net Asset vs. Ten Year Return
| UDOW Etf | USD 97.23 2.36 2.37% |
For ProShares UltraPro profitability analysis, we use financial ratios and fundamental drivers that measure the ability of ProShares UltraPro to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well ProShares UltraPro Dow30 utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between ProShares UltraPro's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of ProShares UltraPro Dow30 over time as well as its relative position and ranking within its peers.
ProShares |
The market value of ProShares UltraPro Dow30 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 UltraPro's value that differs from its market value or its book value, called intrinsic value, which is ProShares UltraPro'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 UltraPro's market value can be influenced by many factors that don't directly affect ProShares UltraPro'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 UltraPro's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares UltraPro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares UltraPro'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.
ProShares UltraPro Dow30 Ten Year Return vs. Net Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining ProShares UltraPro's current stock value. Our valuation model uses many indicators to compare ProShares UltraPro value to that of its competitors to determine the firm's financial worth. ProShares UltraPro Dow30 is rated fourth in net asset as compared to similar ETFs. It is rated fourth in ten year return as compared to similar ETFs . The ratio of Net Asset to Ten Year Return for ProShares UltraPro Dow30 is about 24,843,979 . Comparative valuation analysis is a catch-all technique that is used if you cannot value ProShares UltraPro by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.ProShares Ten Year Return vs. Net Asset
Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
ProShares UltraPro |
| = | 474.52 M |
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
Ten Year Return shows the total annualized return generated from holding a fund for the last 10 years and represents fund's capital appreciation, including dividends losses and capital gains distributions. This return indicator is considered by many investors to be the ultimate measures of fund performance and can reflect the overall performance of the market or market segment it invests in.
ProShares UltraPro |
| = | 19.10 % |
Although Ten Year Fund Return indicator can give a sense of overall fund long-term potential, it is recommended to compare funds performances against other similar funds or market benchmarks for the same 10-year interval.
ProShares Ten Year Return Comparison
ProShares UltraPro is currently under evaluation in ten year return as compared to similar ETFs.
ProShares UltraPro Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in ProShares UltraPro, profitability is also one of the essential criteria for including it into their portfolios because, without profit, ProShares UltraPro will eventually generate negative long term returns. The profitability progress is the general direction of ProShares UltraPro's change in net profit over the period of time. It can combine multiple indicators of ProShares UltraPro, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. Ultrapro Dow30 is traded on NYSEARCA Exchange in the United States.
ProShares Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on ProShares UltraPro. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of ProShares UltraPro position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the ProShares UltraPro's important profitability drivers and their relationship over time.
Use ProShares UltraPro in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ProShares UltraPro position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ProShares UltraPro will appreciate offsetting losses from the drop in the long position's value.ProShares UltraPro Pair Trading
ProShares UltraPro Dow30 Pair Trading Analysis
The ability to find closely correlated positions to ProShares UltraPro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ProShares UltraPro when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ProShares UltraPro - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ProShares UltraPro Dow30 to buy it.
The correlation of ProShares UltraPro is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares UltraPro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares UltraPro Dow30 moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ProShares UltraPro can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your ProShares UltraPro position
In addition to having ProShares UltraPro in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Driverless Cars Thematic Idea Now
Driverless Cars
It encompasses large technology companies, automotive makers, security firms, and thematic ETFs across multiple industries. These entities are directly or indirectly involved in shaping the development and marketing of self-driving vehicles. The Driverless Cars theme has 36 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Driverless Cars Theme or any other thematic opportunities.
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Check out World Market Map. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
To fully project ProShares UltraPro's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of ProShares UltraPro Dow30 at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include ProShares UltraPro's income statement, its balance sheet, and the statement of cash flows.