Proshares Etf Profile


USD 38.98  0.34  0.88%   

Market Performance
7 of 100
Odds Of Distress
Less than 38
Proshares Metaverse is selling at 38.98 as of the 7th of August 2022; that is 0.88 percent up since the beginning of the trading day. The etf's lowest day price was 38.5. Proshares Metaverse has about a 38 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Proshares Metaverse ETF are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 17th of August 2020 and ending today, the 7th of August 2022. Click here to learn more.
The index consists of companies that provide innovative technologies to offer products and services around the Metaverse. Proshares Metaverse is traded on NYSEArca Exchange in the United States. The company has 151.56 M outstanding shares. More on Proshares Metaverse ETF

Moving together with Proshares Metaverse

0.63DISWalt Disney Fiscal Year End 9th of November 2022 PairCorr

Proshares Metaverse 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 Metaverse's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Proshares Metaverse or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Proshares Metaverse has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations
The company currently holds 27.58 M in liabilities with Debt to Equity (D/E) ratio of 115.0, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Proshares Metaverse ETF has a current ratio of 0.46, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Proshares Metaverse until it has trouble settling it off, either with new capital or with free cash flow. So, Proshares Metaverse's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Proshares Metaverse ETF sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Proshares to invest in growth at high rates of return. When we think about Proshares Metaverse's use of debt, we should always consider it together with cash and equity.
Net Loss for the year was (24 M).
Proshares Metaverse ETF currently holds about 2.26 M in cash with (18.49 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
Roughly 74.0% of Proshares Metaverse outstanding shares are owned by insiders
The fund keeps 99.51% of its net assets in stocks
CEOAdityo Prakash
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 Metaverse's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
DescriptionProShares Metaverse ETF
Inception Date2022-03-15
BenchmarkSolactive Metaverse Theme Index
Entity TypeRegulated Investment Company
Asset Under Management6.92 Million
Asset TypeEquity
Market ConcentrationBlended Devlopment
AdministratorJ.P. Morgan Investor Services Co.
AdvisorProShare Advisors
CustodianJPMorgan Chase Bank, N.A.
DistributorSEI Investments Distribution Co.
Portfolio ManagerMichael Neches, Tarak Dave
Fiscal Year End31-May
ExchangeNYSE Arca, Inc.
Total Expense0.58
Management Fee0.58
Nav Price37.12
Two Hundred Day Average37.11
Average Daily Volume In Three Month1.75k
Fifty Two Week Low31.4
As Of Date22nd of July 2022
Average Daily Volume Last 10 Day1.39k
Fifty Two Week High47.11
One Month6.41%
Fifty Day Average34.8
Three Month-4.47%
Proshares Metaverse ETF [VERS] is traded in USA and was established 2022-03-15. The fund is listed under Technology category and is part of ProShares family. The entity is thematically classified as Tech Funds. Proshares Metaverse ETF at this time have 5.91 M in net assets. Proshares Metaverse ETF currently holds about 2.26 M in cash with (18.49 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
Check Proshares Metaverse 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 Metaverse 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.

Proshares Metaverse Target Price Odds Analysis

What are Proshares Metaverse's target price odds to finish over the current price? In regard to a normal probability distribution, the odds of Proshares Metaverse jumping above the current price in 90 days from now is about 1.27%. The Proshares Metaverse ETF probability density function shows the probability of Proshares Metaverse 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 1.7453. This entails 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 Metaverse will likely underperform. Additionally, the company has an alpha of 0.1193, implying that it can generate a 0.12 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 38.98HorizonTargetOdds Above 38.98
98.71%90 days
Based on a normal probability distribution, the odds of Proshares Metaverse to move above the current price in 90 days from now is about 1.27 (This Proshares Metaverse ETF probability density function shows the probability of Proshares Etf to fall within a particular range of prices over 90 days) .

Proshares Metaverse Major Institutional Holders

Institutional Holdings refers to the ownership stake in Proshares Metaverse that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Proshares Metaverse'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 Proshares Metaverse's value.
InstituionSecurity TypeTotal SharesValue
Larson Financial Group LlcFund Units40.01000
View Proshares Metaverse Diagnostics

Proshares Metaverse ETF Risk Profiles

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

Proshares Metaverse ETF Technical Analysis

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

Proshares Metaverse Against Markets

Picking the right benchmark for Proshares Metaverse 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 Metaverse 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 Metaverse is critical whether you are bullish or bearish towards Proshares Metaverse 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 Proshares Metaverse 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 Metaverse ETF?

You need to understand the risk of investing before taking a position in Proshares Metaverse. The danger of trading Proshares Metaverse 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 Proshares Metaverse 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 Metaverse. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Proshares Metaverse 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.
Also, please take a look at World Market Map. Note that the Proshares Metaverse ETF information on this page should be used as a complementary analysis to other Proshares Metaverse'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 Equity Valuation module to check real value of public entities based on technical and fundamental data.

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