Ultrashort Etf Profile

SMN
 Etf
  

USD 15.59  0.25  1.58%   

Market Performance
6 of 100
Odds Of Distress
Over 63
Ultrashort Basic is selling for 15.59 as of the 27th of September 2022. This is a -1.58 percent decrease since the beginning of the trading day. The etf's open price was 15.84. Ultrashort Basic has more than 63 % chance of experiencing financial distress in the next few years of operation. It also did not have a very good performance during the last 90 trading days. Equity ratings for Ultrashort Basic Materials are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of August 2022 and ending today, the 27th of September 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. Ultrashort Basic is traded on NYSEArca Exchange in the United States. More on Ultrashort Basic Materials

Moving together with Ultrashort Basic

+0.92SHShort SP500 ETFPairCorr
+0.88PSQShort QQQ ETFPairCorr
+0.93SDSUltrashort SP500 ETFPairCorr
+0.93SPXUUltrapro Short SP500PairCorr

Ultrashort Basic 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. Ultrashort Basic's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Ultrashort Basic or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Ultrashort Basic Mat has very high historical volatility over the last 90 days
Ultrashort Basic Mat has high likelihood to experience some financial distress in the next 2 years
This fund generated-26.0 ten year return of -26.0%
Ultrashort Basic 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 Ultrashort Basic's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellOvervalued
IssuerProShares
Inception Date2007-01-30
BenchmarkDow Jones US Basic Materials Sector Index
Entity TypeRegulated Investment Company
Asset Under Management7.79 Million
Average Trading Valume31,761.6
Asset TypeEquity
CategorySector
FocusBasic Materials
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, Tarak Dave
Transfer AgentJPMorgan Chase Bank, N.A.
Fiscal Year End30-Jun
ExchangeNYSE Arca, Inc.
Number of Constituents15.0
Market MakerVirtu Financial
Total Expense3.84
Management Fee0.75
Nav Price12.3
Two Hundred Day Average11.94
Ytd23.84%
Average Daily Volume In Three Month29.66k
Fifty Two Week Low9.31
As Of Date22nd of July 2022
Average Daily Volume Last 10 Day35.46k
Fifty Two Week High15.81
One Month0.87%
Fifty Day Average12.75
Three Month29.02%
Beta In Three Year(2.07)
Ultrashort Basic Materials [SMN] is traded in USA and was established 2007-01-30. The fund is classified under Trading--Inverse Equity category within ProShares family. Ultrashort Basic Mat at this time have 6.11 M in assets. , while the total return for the last 3 years was -35.66%.
Check Ultrashort Basic Probability Of Bankruptcy

Sector Allocation (%)

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Ultrashort Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Ultrashort Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Ultrashort Basic Materials Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Ultrashort Basic Target Price Odds Analysis

Proceeding from a normal probability distribution, the odds of Ultrashort Basic jumping above the current price in 90 days from now is about 1.82%. The Ultrashort Basic Materials probability density function shows the probability of Ultrashort Basic etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Ultrashort Basic Materials has a beta of -2.3025. This usually implies as returns on its benchmark rise, returns on holding Ultrashort Basic Materials are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Ultrashort Basic is expected to outperform its benchmark. Additionally, the company has an alpha of 0.0514, implying that it can generate a 0.0514 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 15.59HorizonTargetOdds Above 15.59
98.16%90 days
 15.59 
1.82%
Based on a normal probability distribution, the odds of Ultrashort Basic to move above the current price in 90 days from now is about 1.82 (This Ultrashort Basic Materials probability density function shows the probability of Ultrashort Etf to fall within a particular range of prices over 90 days) .

Ultrashort Basic Top Holders

Ultrashort Basic Major Institutional Holders

Institutional Holdings refers to the ownership stake in Ultrashort Basic that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Ultrashort Basic's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Ultrashort Basic's value.
InstituionSecurity TypeTotal SharesValue
Jane Street Group LlcCall Options11.9 K622 K
Susquehanna International Group LlpFund Units35.9 K506 K
Jane Street Group LlcPut Options5.4 K284 K
View Ultrashort Basic Diagnostics

Ultrashort Basic Mat Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Ultrashort Basic market risk premium is the additional return an investor will receive from holding Ultrashort Basic 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 Ultrashort Basic. 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 Ultrashort Basic's alpha and beta are two of the key measurements used to evaluate Ultrashort Basic's performance over the market, the standard measures of volatility play an important role as well.

Ultrashort Basic Mat Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Ultrashort Basic Tangent Of Price Series is a trigonometric price transformation method
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Ultrashort Basic Against Markets

Picking the right benchmark for Ultrashort Basic 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 Ultrashort Basic 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 Ultrashort Basic is critical whether you are bullish or bearish towards Ultrashort Basic Materials at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ultrashort Basic 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 Ultrashort Basic Materials?

The danger of trading Ultrashort Basic Materials 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 Ultrashort Basic 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 Ultrashort Basic. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ultrashort Basic Mat 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 World Market Map. You can also try Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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When running Ultrashort Basic Mat price analysis, check to measure Ultrashort Basic's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ultrashort Basic is operating at the current time. Most of Ultrashort Basic's value examination focuses on studying past and present price action to predict the probability of Ultrashort Basic's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Ultrashort Basic's price. Additionally, you may evaluate how the addition of Ultrashort Basic to your portfolios can decrease your overall portfolio volatility.
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The market value of Ultrashort Basic Mat is measured differently than its book value, which is the value of Ultrashort that is recorded on the company's balance sheet. Investors also form their own opinion of Ultrashort Basic's value that differs from its market value or its book value, called intrinsic value, which is Ultrashort Basic'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 Ultrashort Basic's market value can be influenced by many factors that don't directly affect Ultrashort Basic'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 Ultrashort Basic's value and its price as these two are different measures arrived at by different means. Investors typically determine Ultrashort Basic value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ultrashort Basic'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.