ProShares Etf Alpha and Beta Analysis


USD 30.97  0.26  0.83%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as ProShares Nanotechnology ETF. It also helps investors analyze the systematic and unsystematic risks associated with investing in ProShares Nanotechnology over a specified time horizon. Remember, high ProShares Nanotechnology's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Additionally, take a look at ProShares Nanotechnology Backtesting, Portfolio Optimization, ProShares Nanotechnology Correlation, ProShares Nanotechnology Hype Analysis, ProShares Nanotechnology Volatility, ProShares Nanotechnology History and analyze ProShares Nanotechnology Performance.
Please note that although ProShares Nanotechnology alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, ProShares Nanotechnology did 0.09  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of ProShares Nanotechnology ETF etf's relative risk over its benchmark. ProShares Nanotechnology has a beta of 1.46  . Let's try to break down what ProShares's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ProShares Nanotechnology will likely underperform.
ProShares Nanotechnology Book Value per Share is fairly stable at the moment as compared to the past year. ProShares Nanotechnology reported Book Value per Share of 1.15 in 2021. Price to Book Value is likely to rise to 2.60 in 2022, whereas Enterprise Value over EBIT is likely to drop (1.94)  in 2022.
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Enterprise Value

60.86 Million

ProShares Nanotechnology Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. ProShares Nanotechnology market risk premium is the additional return an investor will receive from holding ProShares Nanotechnology 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 Nanotechnology. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate ProShares Nanotechnology's performance over market.
α-0.09   β1.46
90 days against NYA

ProShares Nanotechnology expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of ProShares Nanotechnology's Buy-and-hold return. Our buy-and-hold chart shows how ProShares Nanotechnology performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

ProShares Nanotechnology Market Price Analysis

Market price analysis indicators help investors to evaluate how ProShares Nanotechnology etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ProShares Nanotechnology shares will generate the highest return on investment. By understating and applying ProShares Nanotechnology etf market price indicators, traders can identify ProShares Nanotechnology position entry and exit signals to maximize returns.

ProShares Nanotechnology Return and Market Media

The median price of ProShares Nanotechnology for the period between Sat, Sep 3, 2022 and Fri, Dec 2, 2022 is 27.87 with a coefficient of variation of 7.17. The daily time series for the period is distributed with a sample standard deviation of 2.01, arithmetic mean of 28.01, and mean deviation of 1.72. The Etf did not receive any noticable media coverage during the period.
 Price Growth (%)  

About ProShares Nanotechnology Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including ProShares or other etfs. Alpha measures the amount that position in ProShares Nanotechnology has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2010 2021 2022 (projected)
Calculated Tax Rate0.04210.03790.0377
Long Term Debt to Equity0.01030.05070.0407

ProShares Nanotechnology Upcoming Company Events

As portrayed in its financial statements, the presentation of ProShares Nanotechnology's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, ProShares Nanotechnology's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of ProShares Nanotechnology's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of ProShares Nanotechnology. Please utilize our Beneish M Score to check the likelihood of ProShares Nanotechnology's management manipulating its earnings.
Upcoming Quarterly Report21st of March 2017
Next Fiscal Quarter End31st of December 2016

Build Portfolio with ProShares Nanotechnology

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When running ProShares Nanotechnology price analysis, check to measure ProShares Nanotechnology'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 Nanotechnology is operating at the current time. Most of ProShares Nanotechnology's value examination focuses on studying past and present price action to predict the probability of ProShares Nanotechnology's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move ProShares Nanotechnology's price. Additionally, you may evaluate how the addition of ProShares Nanotechnology to your portfolios can decrease your overall portfolio volatility.
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ProShares Nanotechnology technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
A focus of ProShares Nanotechnology technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of ProShares Nanotechnology trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...