Ultra Etf Profile

SAA
 Etf
  

USD 23.74  0.19  0.81%   

Market Performance
1 of 100
Odds Of Distress
Over 53
Ultra Smallcap600 is trading at 23.74 as of the 26th of November 2022, a 0.81 percent increase since the beginning of the trading day. The etf's open price was 23.55. Ultra Smallcap600 has 53 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. Equity ratings for Ultra Smallcap600 ETF are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of December 2020 and ending today, the 26th of November 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. Ultra Smallcap600 is traded on NYSEARCA Exchange in the United States. More on Ultra Smallcap600 ETF

Ultra Smallcap600 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. Ultra Smallcap600's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Ultra Smallcap600 or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Ultra Smallcap600 has very high historical volatility over the last 90 days
Ultra Smallcap600 has high likelihood to experience some financial distress in the next 2 years
The fund maintains 199.99% of its assets in stocks
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 Ultra Smallcap600's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellOvervalued
IssuerProShares
Inception Date2007-01-23
BenchmarkS&P SmallCap 600 Index
Entity TypeRegulated Investment Company
Asset Under Management28.58 Million
Average Trading Valume9,575.3
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-Aug
ExchangeNYSE Arca, Inc.
Number of Constituents654
Market MakerVirtu Financial
Total Expense1.35
Management Fee0.75
Nav Price21.49
Two Hundred Day Average23.83
Ytd-34.66%
Average Daily Volume In Three Month10.46k
Fifty Two Week Low17.79
As Of Date25th of October 2022
Average Daily Volume Last 10 Day11.85k
Fifty Two Week High34.28
One Month14.82%
Fifty Day Average20.78
Three Month-6.80%
Beta In Three Year2.18
Ultra Smallcap600 ETF [SAA] is traded in USA and was established 2007-01-23. The fund is classified under Trading--Leveraged Equity category within ProShares family. Ultra Smallcap600 ETF at this time have 23.88 M in assets. , while the total return for the last 3 years was 2.77%.
Check Ultra Smallcap600 Probability Of Bankruptcy

Geographic Allocation (%)

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 Ultra Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Ultra 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 Ultra Smallcap600 ETF 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.

Top Ultra Smallcap600 ETF Constituents

Ultra Smallcap600 Target Price Odds Analysis

What are Ultra Smallcap600's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Ultra Smallcap600 jumping above the current price in 90 days from now is about 8.94%. The Ultra Smallcap600 ETF probability density function shows the probability of Ultra Smallcap600 etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the etf has a beta coefficient of 2.3257. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Ultra Smallcap600 will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Ultra Smallcap600 ETF is significantly underperforming DOW.
  Odds Below 23.74HorizonTargetOdds Above 23.74
90.99%90 days
 23.74 
8.94%
Based on a normal probability distribution, the odds of Ultra Smallcap600 to move above the current price in 90 days from now is about 8.94 (This Ultra Smallcap600 ETF probability density function shows the probability of Ultra Etf to fall within a particular range of prices over 90 days) .

Ultra Smallcap600 Major Institutional Holders

Institutional Holdings refers to the ownership stake in Ultra Smallcap600 that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Ultra Smallcap600'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 Ultra Smallcap600's value.
InstituionSecurity TypeTotal SharesValue
Westport Resources Management IncFund Units80053 K
View Ultra Smallcap600 Diagnostics

Ultra Smallcap600 Historical Income Statement

Ultra Smallcap600 ETF Income Statement is one of the three primary financial statements used for reporting Ultra's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Ultra Smallcap600 ETF revenue and expense. Ultra Smallcap600 Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Ultra Smallcap600 Net Income is projected to increase significantly based on the last few years of reporting. The past year's Net Income was at 7.43 Million. The current year Revenues is expected to grow to about 410.2 M, whereas Operating Income is forecasted to decline to about 16.9 M. View More Fundamentals

Ultra Smallcap600 Against Markets

Picking the right benchmark for Ultra Smallcap600 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 Ultra Smallcap600 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 Ultra Smallcap600 is critical whether you are bullish or bearish towards Ultra Smallcap600 ETF at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ultra Smallcap600 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.

Did you try this?

Run Content Syndication Now

   

Content Syndication

Quickly integrate customizable finance content to your own investment portal
All  Next Launch Module

Invested in Ultra Smallcap600 ETF?

The danger of trading Ultra Smallcap600 ETF 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 Ultra Smallcap600 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 Ultra Smallcap600. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ultra Smallcap600 ETF 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. Note that the Ultra Smallcap600 ETF information on this page should be used as a complementary analysis to other Ultra Smallcap600's 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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

Complementary Tools for Ultra Etf analysis

When running Ultra Smallcap600 ETF price analysis, check to measure Ultra Smallcap600'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 Ultra Smallcap600 is operating at the current time. Most of Ultra Smallcap600's value examination focuses on studying past and present price action to predict the probability of Ultra Smallcap600's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Ultra Smallcap600's price. Additionally, you may evaluate how the addition of Ultra Smallcap600 to your portfolios can decrease your overall portfolio volatility.
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Go
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Go
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Go
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Go
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Go
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Go
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Go
The market value of Ultra Smallcap600 ETF is measured differently than its book value, which is the value of Ultra that is recorded on the company's balance sheet. Investors also form their own opinion of Ultra Smallcap600's value that differs from its market value or its book value, called intrinsic value, which is Ultra Smallcap600'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 Ultra Smallcap600's market value can be influenced by many factors that don't directly affect Ultra Smallcap600'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 Ultra Smallcap600's value and its price as these two are different measures arrived at by different means. Investors typically determine Ultra Smallcap600 value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ultra Smallcap600'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.