Ultrashort Etf Performance

SDP
 Etf
  

USD 12.39  0.49  3.80%   

The entity has a beta of -1.3571, which indicates a somewhat significant risk relative to the market. Let's try to break down what Ultrashort's beta means in this case. As returns on the market increase, returns on owning Ultrashort Utilities are expected to decrease by larger amounts. On the other hand, during market turmoil, Ultrashort Utilities is expected to outperform it. Although it is important to respect Ultrashort Utilities ETF current price movements, it is better to be realistic regarding the information on the equity's historical returns. The philosophy towards measuring future performance of any etf is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By inspecting Ultrashort Utilities ETF technical indicators, you can presently evaluate if the expected return of 0.14% will be sustainable into the future.
  
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Ultrashort Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Ultrashort Utilities ETF are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of very unsteady fundamental indicators, Ultrashort Utilities may actually be approaching a critical reversion point that can send shares even higher in July 2022. ...more

Ultrashort Price Channel

Fifty Two Week Low10.39
Fifty Two Week High16.85

Ultrashort Utilities Relative Risk vs. Return Landscape

If you would invest  1,157  in Ultrashort Utilities ETF on March 28, 2022 and sell it today you would earn a total of  82.00  from holding Ultrashort Utilities ETF or generate 7.09% return on investment over 90 days. Ultrashort Utilities ETF is generating 0.1434% of daily returns assuming volatility of 2.67% on return distribution over 90 days investment horizon. In other words, 23% of etfs are less volatile than Ultrashort, and above 98% of all equities are expected to generate higher returns over the next 90 days.
 Daily Expected Return (%) 
      Risk (%) 
Considering the 90-day investment horizon Ultrashort Utilities is expected to generate 1.86 times more return on investment than the market. However, the company is 1.86 times more volatile than its market benchmark. It trades about 0.05 of its potential returns per unit of risk. The DOW is currently generating roughly -0.11 per unit of risk.

Ultrashort Utilities Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Ultrashort Utilities' investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Ultrashort Utilities ETF, and traders can use it to determine the average amount a Ultrashort Utilities' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0537

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Estimated Market Risk
 2.67
  actual daily
 
 23 %
of total potential
 
2323
Expected Return
 0.14
  actual daily
 
 2 %
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22
Risk-Adjusted Return
 0.05
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 4 %
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Based on monthly moving average Ultrashort Utilities is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Ultrashort Utilities by adding it to a well-diversified portfolio.

About Ultrashort Utilities Performance

To evaluate Ultrashort Utilities ETF Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Ultrashort Utilities generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Ultrashort Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Ultrashort Utilities ETF stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Ultrashort's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. Ultrashort Utilities is traded on NYSEArca Exchange in the United States.

Things to note about Ultrashort Utilities ETF

Checking the ongoing alerts about Ultrashort Utilities for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ultrashort Utilities ETF help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Ultrashort Utilities Alerts

Equity Alerts and Improvement Suggestions

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 most of the assets in different exotic instruments.
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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

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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.