ProShares Etf Performance

TINY
 Etf
  

USD 30.97  0.27  0.86%   

The etf holds a Beta of 1.4605, which implies a somewhat significant risk relative to the market. 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. Although it is important to respect ProShares Nanotechnology current trending patterns, it is better to be realistic regarding the information on the equity's existing price patterns. The philosophy towards forecasting 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 analyzing ProShares Nanotechnology technical indicators, you can presently evaluate if the expected return of 0.16% will be sustainable into the future.
  
ProShares Performance
5 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in ProShares Nanotechnology ETF are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal basic indicators, ProShares Nanotechnology may actually be approaching a critical reversion point that can send shares even higher in January 2023. ...more

ProShares Price Channel

Fifty Two Week Low23.42
Fifty Two Week High44.11

ProShares Nanotechnology Relative Risk vs. Return Landscape

If you would invest  2,841  in ProShares Nanotechnology ETF on September 5, 2022 and sell it today you would earn a total of  256.00  from holding ProShares Nanotechnology ETF or generate 9.01% return on investment over 90 days. ProShares Nanotechnology ETF is currently generating 0.1599% in daily expected returns and assumes 2.3538% risk (volatility on return distribution) over the 90 days horizon. In different words, 20% of etfs are less volatile than ProShares, and 97% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days ProShares Nanotechnology is expected to generate 0.19 times more return on investment than the market. However, the company is 5.31 times less risky than the market. It trades about 0.07 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly -0.11 per unit of risk.

ProShares Nanotechnology Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares Nanotechnology's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as ProShares Nanotechnology ETF, and traders can use it to determine the average amount a ProShares Nanotechnology's 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 = 0.0679

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Estimated Market Risk
 2.35
  actual daily
 
 20 %
of total potential
 
2020
Expected Return
 0.16
  actual daily
 
 3 %
of total potential
 
33
Risk-Adjusted Return
 0.07
  actual daily
 
 5 %
of total potential
 
55
Based on monthly moving average ProShares Nanotechnology is performing at about 5% 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 ProShares Nanotechnology by adding it to a well-diversified portfolio.

About ProShares Nanotechnology Performance

To evaluate ProShares Nanotechnology 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 ProShares Nanotechnology 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 ProShares 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 ProShares Nanotechnology market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents ProShares'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.
Last ReportedProjected for 2022
Return on Investment(3.94) (4.25) 
Return on Average Assets(22.00) (23.74) 
Return on Average Equity(23.39) (25.23) 
Return on Invested Capital(0.25) (0.26) 
Return on Sales(24.42) (25.06) 

Things to note about ProShares Nanotechnology

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

ProShares Nanotechnology Alerts

Equity Alerts and Improvement Suggestions

The company reported the previous year's revenue of 917 K. Net Loss for the year was (20.25 M) with profit before overhead, payroll, taxes, and interest of 917 K.
ProShares Nanotechnology ETF currently holds about 17.92 M in cash with (6.53 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.43.
The fund maintains 99.7% of its assets in stocks
Additionally, take a look at World Market Map. You can also try Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

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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.