ProShares Beta

TINY
 Etf
  

USD 30.17  0.15  0.50%   

ProShares Nanotechnology ETF fundamentals help investors to digest information that contributes to ProShares Nanotechnology's financial success or failures. It also enables traders to predict the movement of ProShares Etf. The fundamental analysis module provides a way to measure ProShares Nanotechnology's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ProShares Nanotechnology etf.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
  

ProShares Beta Analysis

ProShares Nanotechnology's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it will be expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
 2015 2016 2021 2022 (projected)
Current Assets18.88 M16.09 M18.5 M27.51 M
Total Assets96.46 M74.62 M85.82 M116.41 M
Beta 
 = 
Covariance 
Variance 
More About Beta | All Equity Analysis

Current ProShares Nanotechnology Beta

    
  0.35  
Most of ProShares Nanotechnology's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ProShares Nanotechnology ETF is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

ProShares Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for ProShares Nanotechnology is extremely important. It helps to project a fair market value of Ford etf properly, considering its historical fundamentals such as Beta. Since ProShares Nanotechnology's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of ProShares Nanotechnology's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of ProShares Nanotechnology's interrelated accounts and indicators.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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ProShares Nanotechnology Beta Component Assessment

In accordance with the recently published financial statements, ProShares Nanotechnology ETF has a Beta of 0.35. This is much higher than that of the ProShares family and significantly higher than that of the Technology category. The beta for all United States etfs is notably lower than that of the firm.

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Fund Asset Allocation for ProShares Nanotechnology

The fund invests 99.7% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.
   Value   
       Instrument Type  
Let's try to break down what ProShares's beta means in this case. As returns on the market increase, ProShares Nanotechnology returns are expected to increase less than the market. However, during the bear market, the loss on holding ProShares Nanotechnology will be expected to be smaller as well.

ProShares Fundamentals

About ProShares Nanotechnology Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze ProShares Nanotechnology ETF's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ProShares Nanotechnology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ProShares Nanotechnology ETF based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
The index consists of companies focused on making or applying nanotechnology innovations that allow for improved products, processes, or techniques through control or measurement of material at nanoscale. Proshares Nanotechnology is traded on NYSEARCA Exchange in the United States.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ProShares Nanotechnology in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ProShares Nanotechnology's short interest history, or implied volatility extrapolated from ProShares Nanotechnology options trading.

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Additionally, take a look at ProShares Nanotechnology Piotroski F Score and ProShares Nanotechnology Altman Z Score analysis. You can also try Commodity Channel Index module to use Commodity Channel Index to analyze current equity momentum.

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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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The market value of ProShares Nanotechnology 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 Nanotechnology's value that differs from its market value or its book value, called intrinsic value, which is ProShares Nanotechnology'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 Nanotechnology's market value can be influenced by many factors that don't directly affect ProShares Nanotechnology'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 Nanotechnology's value and its price as these two are different measures arrived at by different means. Investors typically determine ProShares Nanotechnology value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Nanotechnology'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.