ProShares Etf Performance

SMN
 Etf
  

USD 10.05  0.24  2.45%   

The etf holds a Beta of -0.1824, which implies not very significant fluctuations relative to the market. Let's try to break down what ProShares's beta means in this case. As returns on the market increase, returns on owning ProShares UltraShort are expected to decrease at a much lower rate. During the bear market, ProShares UltraShort is likely to outperform the market. Even though it is essential to pay attention to ProShares UltraShort current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Our philosophy towards forecasting any etf's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. ProShares UltraShort exposes twenty-one different technical indicators, which can help you to evaluate its performance.
  
ProShares Performance
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Over the last 90 days ProShares UltraShort Basic has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest weak performance, the Etf's primary indicators remain persistent and the latest mess on Wall Street may also be a sign of long-standing gains for the ETF venture institutional investors. ...more

ProShares Price Channel

Fifty Two Week Low9.31
Fifty Two Week High15.91

ProShares UltraShort Relative Risk vs. Return Landscape

If you would invest  1,185  in ProShares UltraShort Basic on September 9, 2022 and sell it today you would lose (180.00)  from holding ProShares UltraShort Basic or give up 15.19% of portfolio value over 90 days. ProShares UltraShort Basic is generating negative expected returns assuming volatility of 3.8229% on return distribution over 90 days investment horizon. In other words, 33% of etfs are less volatile than ProShares, and above 99% of all equities are expected to generate higher returns over the next 90 days.
  Daily Expected Return (%)  
       Risk (%)  
Considering the 90-day investment horizon ProShares UltraShort is expected to under-perform the market. In addition to that, the company is 2.54 times more volatile than its market benchmark. It trades about -0.05 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.02 per unit of volatility.

ProShares UltraShort Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares UltraShort's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as ProShares UltraShort Basic, and traders can use it to determine the average amount a ProShares UltraShort's 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 = -0.0492

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Estimated Market Risk
 3.82
  actual daily
 
 33 %
of total potential
 
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Expected Return
 -0.19
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 0 %
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Risk-Adjusted Return
 -0.05
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Based on monthly moving average ProShares UltraShort is performing at about 0% 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 UltraShort by adding it to a well-diversified portfolio.

About ProShares UltraShort Performance

To evaluate ProShares UltraShort Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when ProShares UltraShort generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare ProShares Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand ProShares UltraShort market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents ProShares's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
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.

Things to note about ProShares UltraShort

Checking the ongoing alerts about ProShares UltraShort for important developments is a great way to find new opportunities for your next move. Etf alerts and notifications screener for ProShares UltraShort help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

ProShares UltraShort Alerts

Equity Alerts and Improvement Suggestions

ProShares UltraShort generated a negative expected return over the last 90 days
ProShares UltraShort has high historical volatility and very poor performance
ProShares UltraShort has high likelihood to experience some financial distress in the next 2 years
This fund generated-26.0 ten year return of -26.0%
ProShares UltraShort maintains most of the assets in different exotic instruments.
Additionally, take a look at World Market Map. You can also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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When running ProShares UltraShort price analysis, check to measure ProShares UltraShort'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 ProShares UltraShort is operating at the current time. Most of ProShares UltraShort's value examination focuses on studying past and present price action to predict the probability of ProShares UltraShort's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move ProShares UltraShort's price. Additionally, you may evaluate how the addition of ProShares UltraShort to your portfolios can decrease your overall portfolio volatility.
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The market value of ProShares UltraShort 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 UltraShort's value that differs from its market value or its book value, called intrinsic value, which is ProShares UltraShort'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 UltraShort's market value can be influenced by many factors that don't directly affect ProShares UltraShort'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 UltraShort's value and its price as these two are different measures arrived at by different means. Investors typically determine ProShares UltraShort value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares UltraShort'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.