Ultrashort Etf Profile

YCS
 Etf
  

USD 58.02  0.83  1.45%   

Market Performance
10 of 100
Odds Of Distress
Over 61
Ultrashort Yen is selling at 58.02 as of the 19th of August 2022; that is 1.45 percent increase since the beginning of the trading day. The etf's lowest day price was 57.96. Ultrashort Yen has more than 61 % chance of experiencing financial distress in the next few years of operation. However, it had a very ok returns during the last 90 days. Equity ratings for Ultrashort Yen New are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of July 2022 and ending today, the 19th of August 2022. Click here to learn more.
The fund seeks to meet its investment objective by investing under normal market conditions in any one of, or combinations of, Financial Instruments based on the funds benchmark. Ultrashort Yen is traded on NYSEArca Exchange in the United States. More on Ultrashort Yen New

Moving against Ultrashort Yen

0.67JPMJP Morgan Chase Fiscal Year End 13th of January 2023 PairCorr

Ultrashort Yen 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 Yen's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Ultrashort Yen or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Ultrashort Yen New has high likelihood to experience some financial distress in the next 2 years
Ultrashort Yen New generated-4.0 ten year return of -4.0%
This fund keeps all of the net assets in exotic instruments
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 Yen's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong HoldOvervalued
IssuerProShares
Inception Date2008-11-24
BenchmarkJPY/USD Exchange Rate
Entity TypePartnership
Asset Under Management42.84 Million
Average Trading Valume43,850.4
Asset TypeCurrency
CategoryJapanese Yen
FocusJapanese Yen
Market ConcentrationDeveloped Markets
RegionAsia-Pacific
AdministratorBrown Brothers Harriman & Co.
AdvisorProShare Advisors LLC
CustodianBrown Brothers Harriman & Co.
DistributorSEI Investments Distribution Co.
Portfolio ManagerJeffrey Ploshnick
Transfer AgentBrown Brothers Harriman & Co.
TrusteeWilmington Trust Company
Fiscal Year End31-Dec
ExchangeNYSE Arca, Inc.
Number of Constituents23.0
Market MakerPundion
Total Expense0.98
Management Fee0.95
Nav Price55.18
Two Hundred Day Average47.45
Ytd-67.05%
Average Daily Volume In Three Month58.79k
Fifty Two Week Low37.53
As Of Date10th of August 2022
Average Daily Volume Last 10 Day36.89k
Fifty Two Week High60.26
One Month-4.82%
Fifty Day Average56.7
Three Month-74.20%
Ultrashort Yen New [YCS] is traded in USA and was established 2008-11-24. The fund is classified under Trading--Miscellaneous category within ProShares family. Ultrashort Yen New at this time have 46.81 M in net assets. , while the total return for the last 3 years was -27.19%.
Check Ultrashort Yen 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 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 Ultrashort Yen New 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.

Ultrashort Yen New Currency Exposure (%)

Ultrashort Yen Target Price Odds Analysis

What are Ultrashort Yen's target price odds to finish over the current price? In regard to a normal probability distribution, the odds of Ultrashort Yen jumping above the current price in 90 days from now is about 18.71%. The Ultrashort Yen New probability density function shows the probability of Ultrashort Yen etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Ultrashort Yen New has a beta of -0.0783. This entails as returns on benchmark increase, returns on holding Ultrashort Yen are expected to decrease at a much lower rate. During the bear market, however, Ultrashort Yen New is likely to outperform the market. Additionally, the company has an alpha of 0.1674, implying that it can generate a 0.17 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 58.02HorizonTargetOdds Above 58.02
81.11%90 days
 58.02 
18.71%
Based on a normal probability distribution, the odds of Ultrashort Yen to move above the current price in 90 days from now is about 18.71 (This Ultrashort Yen New probability density function shows the probability of Ultrashort Etf to fall within a particular range of prices over 90 days) .

Ultrashort Yen New Risk Profiles

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

Ultrashort Yen New Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Ultrashort Yen New Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Ultrashort Yen price patterns.
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Ultrashort Yen Against Markets

Picking the right benchmark for Ultrashort Yen 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 Yen 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 Yen is critical whether you are bullish or bearish towards Ultrashort Yen New 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 Yen 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.

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Invested in Ultrashort Yen New?

You need to understand the risk of investing before taking a position in Ultrashort Yen. The danger of trading Ultrashort Yen New 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 Yen 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 Yen. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ultrashort Yen New 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.
Check out Your Current Watchlist. Note that the Ultrashort Yen New information on this page should be used as a complementary analysis to other Ultrashort Yen'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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

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