ProShares Etf Profile

RWM
 Etf
  

USD 23.90  0.16  0.67%   

Market Performance
2 of 100
Odds Of Distress
Less than 1
ProShares Short is selling for 23.90 as of the 8th of December 2022. This is a -0.67% down since the beginning of the trading day. The etf's lowest day price was 23.65. ProShares Short has a very small chance of experiencing financial distress in the next few years but had a somewhat weak performance during the last 90 days. Equity ratings for ProShares Short Russell2000 are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 18th of December 2020 and ending today, the 8th of December 2022. Click here to learn more.
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. Short Russell is traded on NYSEARCA Exchange in the United States. More on ProShares Short Russell2000

Moving together with ProShares Short

+0.95SHProShares Short SP500 Aggressive PushPairCorr
+0.72PSQProShares Short QQQ Aggressive PushPairCorr
+0.96SPXUProShares UltraPro Short Aggressive PushPairCorr
+0.96SDSProShares UltraShort Aggressive PushPairCorr

ProShares Short Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. ProShares Short's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding ProShares Short or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ProShares Short Russ is unlikely to experience financial distress in the next 2 years
This fund generated-13.0 ten year return of -13.0%
ProShares Short maintains most of the assets in different exotic instruments.
Chairman of ProShares TrustMichael Sapir
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of ProShares Short's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldOvervalued
IssuerProShares
Inception Date2007-01-23
BenchmarkRussell 2000 Index
Entity TypeRegulated Investment Company
Asset Under Management458.54 Million
Average Trading Valume2.75 Million
Asset TypeEquity
CategorySize and Style
FocusSmall Cap
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorJ.P. Morgan Investor Services Co.
AdvisorProShare Advisors LLC
CustodianJPMorgan Chase Bank, N.A.
DistributorSEI Investments Distribution Co.
Portfolio ManagerMichael Neches, Devin Sullivan
Transfer AgentJPMorgan Chase Bank, N.A.
Fiscal Year End31-Oct
ExchangeNYSE Arca, Inc.
Number of Constituents38.0
Market MakerLatour Trading
Total Expense1.02
Management Fee0.75
Nav Price24.2
Two Hundred Day Average24.01
Ytd16.45%
Average Daily Volume In Three Month3.25M
Fifty Two Week Low20.26
As Of Date25th of October 2022
Average Daily Volume Last 10 Day3.26M
Fifty Two Week High27.14
One Month-7.13%
Fifty Day Average24.7
Three Month-0.25%
Beta In Three Year(1.05)
ProShares Short Russell2000 [RWM] is traded in USA and was established 2007-01-23. The fund is classified under Trading--Inverse Equity category within ProShares family. ProShares Short Russ at this time have 632.02 M in assets. , while the total return for the last 3 years was -14.93%.
Check ProShares Short Probability Of Bankruptcy

Top ProShares Short Russell2000 Etf Constituents

ProShares Short Target Price Odds Analysis

Based on a normal probability distribution, the odds of ProShares Short jumping above the current price in 90 days from now is about 70.36%. The ProShares Short Russell2000 probability density function shows the probability of ProShares Short etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon ProShares Short Russell2000 has a beta of -1.2222 indicating as returns on its benchmark rise, returns on holding ProShares Short Russell2000 are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, ProShares Short is expected to outperform its benchmark. Additionally, the company has an alpha of 0.0607, implying that it can generate a 0.0607 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 23.9HorizonTargetOdds Above 23.9
29.40%90 days
 23.90 
70.36%
Based on a normal probability distribution, the odds of ProShares Short to move above the current price in 90 days from now is about 70.36 (This ProShares Short Russell2000 probability density function shows the probability of ProShares Etf to fall within a particular range of prices over 90 days) .

ProShares Short Top Holders

ProShares Short Russ Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. ProShares Short market risk premium is the additional return an investor will receive from holding ProShares Short long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in ProShares Short. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although ProShares Short's alpha and beta are two of the key measurements used to evaluate ProShares Short's performance over the market, the standard measures of volatility play an important role as well.

ProShares Short Against Markets

Picking the right benchmark for ProShares Short etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in ProShares Short etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for ProShares Short is critical whether you are bullish or bearish towards ProShares Short Russell2000 at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in ProShares Short without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Invested in ProShares Short Russell2000?

The danger of trading ProShares Short Russell2000 is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of ProShares Short is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than ProShares Short. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ProShares Short Russ is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, take a look at Your Equity Center. You can also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

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The market value of ProShares Short Russ 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 Short's value that differs from its market value or its book value, called intrinsic value, which is ProShares Short'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 Short's market value can be influenced by many factors that don't directly affect ProShares Short'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 Short's value and its price as these two are different measures arrived at by different means. Investors typically determine ProShares Short value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Short'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.