Proshares Etf Profile


USD 41.49  1.55  3.88%   

Market Performance
16 of 100
Odds Of Distress
Less than 32
Proshares is trading at 41.49 as of the 14th of August 2022; that is 3.88% increase since the beginning of the trading day. The etf's open price was 39.94. Proshares has about a 32 percent probability of financial distress in the next few years of operation but had a somewhat solid performance during the last 90 days. Equity ratings for Proshares SP Kensho are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 15th of June 2022 and ending today, the 14th of August 2022. Please note, there could be an existing legal relationship between Proshares SP Kensho (CTEX) and COMMONWEALTH TELEPHONE (CTCO). Click here to learn more.
The fund invests in securities that ProShare Advisors believes, in combination, should track the performance of the index. Proshares is traded on NYSEArca Exchange in the United States. More on Proshares SP Kensho

Proshares 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. If you consider yourself one of those investors, make sure you clearly understand your entering position. Proshares' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Proshares or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Proshares SP Kensho appears to be risky and price may revert if volatility continues
The fund holds 100.03% of its assets under management (AUM) in equities
Thematic IdeaTech Funds (view all)
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' available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Inception Date2021-09-29
BenchmarkS&P Kensho Cleantech Index
Entity TypeRegulated Investment Company
Asset Under Management3.99 Million
Asset TypeEquity
Market ConcentrationBlended Development
AdministratorJ.P. Morgan Chase Bank, N.A.
AdvisorProShare Advisors LLC
CustodianJ.P. Morgan Chase Bank, N.A.
DistributorSEI Investments Distribution Co.
Portfolio ManagerAlexander Ilyasov, Senior Portfolio Manager, and Scott Hanson
Transfer AgentJ.P. Morgan Chase Bank, N.A.
Fiscal Year End31-May
ExchangeNYSE Arca, Inc.
Market MakerSG Americas Securities
Total Expense0.58
Management Fee0.58
Nav Price40.86
Two Hundred Day Average34.8
Average Daily Volume In Three Month1.56k
Fifty Two Week Low24.48
As Of Date9th of August 2022
Average Daily Volume Last 10 Day3.07k
Fifty Two Week High51.3
One Month19.78%
Fifty Day Average31.53
Three Month39.68%
Proshares SP Kensho [CTEX] is traded in USA and was established 2021-09-29. The fund is listed under Technology category and is part of ProShares family. The entity is thematically classified as Tech Funds. Proshares SP Kensho currently have 3.58 M in assets under management (AUM).
Check Proshares 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 Proshares Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Proshares 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 Proshares SP Kensho 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.

Proshares Target Price Odds Analysis

What are Proshares' target price odds to finish over the current price? Based on a normal probability distribution, the odds of Proshares jumping above the current price in 90 days from now is near 1%. The Proshares SP Kensho probability density function shows the probability of Proshares etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the etf has a beta coefficient of 1.5769 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Proshares will likely underperform. Additionally, the company has an alpha of 0.6148, implying that it can generate a 0.61 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 41.49HorizonTargetOdds Above 41.49
99.84%90 days
Based on a normal probability distribution, the odds of Proshares to move above the current price in 90 days from now is near 1 (This Proshares SP Kensho probability density function shows the probability of Proshares Etf to fall within a particular range of prices over 90 days) .

Proshares Major Institutional Holders

Institutional Holdings refers to the ownership stake in Proshares that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Proshares' 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 Proshares' value.
InstituionSecurity TypeTotal SharesValue
Jpmorgan Chase CoFund Units12.7 K367 K
View Proshares Diagnostics

Proshares SP Kensho Risk Profiles

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

Proshares SP Kensho Technical Analysis

The output start index for this execution was zero with a total number of output elements of sixty-one. Proshares SP Kensho Square Root Of Price Series is a mathematical transformation function.

Proshares Against Markets

Picking the right benchmark for Proshares 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 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 is critical whether you are bullish or bearish towards Proshares SP Kensho 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 without increasing your portfolio risk or giving up 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 SP Kensho?

You need to understand the risk of investing before taking a position in Proshares. The danger of trading Proshares SP Kensho 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 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. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Proshares SP Kensho 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.
Continue to Trending Equities. Note that the Proshares SP Kensho information on this page should be used as a complementary analysis to other Proshares' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

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When running Proshares SP Kensho price analysis, check to measure Proshares' 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 is operating at the current time. Most of Proshares' value examination focuses on studying past and present price action to predict the probability of Proshares' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Proshares' price. Additionally, you may evaluate how the addition of Proshares to your portfolios can decrease your overall portfolio volatility.
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The market value of Proshares SP Kensho 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 Proshares value 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.