Ultrashort Etf Profile

SDP -  USA Etf  

USD 11.62  0.25  2.11%

Market Performance
0 of 100
Odds Of Distress
Over 73
Ultrashort Utilities is selling at 11.62 as of the 17th of May 2022; that is -2.11 percent down since the beginning of the trading day. The etf's last reported lowest price was 11.62. Ultrashort Utilities has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Equity ratings for Ultrashort Utilities ETF are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 22nd of May 2021 and ending today, the 17th of May 2022. Click here to learn more.
The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse of the daily performance of the Dow Jones U.S. Ultrashort Utilities is traded on NYSEArca Exchange in the United States. More on Ultrashort Utilities ETF

Ultrashort Utilities 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. Ultrashort Utilities' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Ultrashort Utilities or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Ultrashort Utilities generated a negative expected return over the last 90 days
Ultrashort Utilities 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 Utilities maintains all of the assets in different exotic instruments
Chairman of ProShares TrustMichael Sapir  (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 Ultrashort Utilities' available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellOvervalued
IssuerProShares
DescriptionProShares UltraShort Utilities
Inception Date2007-01-30
BenchmarkDow Jones US Utilities Sector Index
Entity TypeRegulated Investment Company
Asset Under Management2.68 Million
Average Trading Valume21,092.9
Asset TypeEquity
CategorySector
FocusUtilities
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 End31-Dec
ExchangeNYSE Arca, Inc.
Number of Constituents16.0
Market MakerIMC
Total Expense4.17
Management Fee0.75
Nav Price14.21
Two Hundred Day Average13.62
Ytd-22.60%
Average Daily Volume In Three Month15.57k
Fifty Two Week Low10.39
As Of Date31st of August 2021
Average Daily Volume Last 10 Day16.33k
Fifty Two Week High16.93
One Month-7.44%
Fifty Day Average11.66
Three Month-11.58%
Ultrashort Utilities ETF [SDP] is traded in USA and was established 2007-01-30. The fund is classified under Trading--Inverse Equity category within ProShares family. Ultrashort Utilities ETF at this time have 2.07 M in assets. , while the total return for the last 3 years was -31.62%.
Check Ultrashort Utilities 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 Utilities , and the less return is expected.

Ultrashort Utilities Target Price Odds Analysis

What are Ultrashort Utilities' target price odds to finish over the current price? Contingent on a normal probability distribution, the odds of Ultrashort Utilities jumping above the current price in 90 days from now is under 95%. The Ultrashort Utilities ETF probability density function shows the probability of Ultrashort Utilities etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Ultrashort Utilities ETF has a beta of -0.9872. This usually implies Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Ultrashort Utilities ETF is significantly underperforming DOW.
  Odds Below 11.62HorizonTargetOdds Above 11.62
5.75%90 days
 11.62 
94.22%
Based on a normal probability distribution, the odds of Ultrashort Utilities to move above the current price in 90 days from now is under 95 (This Ultrashort Utilities ETF probability density function shows the probability of Ultrashort Etf to fall within a particular range of prices over 90 days) .

Ultrashort Utilities ETF Risk Profiles

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

Ultrashort Utilities ETF Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of two hundred fifty-nine. Ultrashort Utilities ETF Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Ultrashort Utilities price patterns.
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Ultrashort Utilities Against Markets

Picking the right benchmark for Ultrashort Utilities 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 Utilities 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 Utilities is critical whether you are bullish or bearish towards Ultrashort Utilities 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 Ultrashort Utilities 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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Investing Ultrashort Utilities ETF

You need to understand the risk of investing before taking a position in Ultrashort Utilities. The danger of trading Ultrashort Utilities 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 Ultrashort Utilities 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 Utilities. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ultrashort Utilities 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 Ultrashort Utilities ETF information on this page should be used as a complementary analysis to other Ultrashort Utilities' 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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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