ProShares Ultra Competition

Etfs . USA . 
Etf . ProShares Ultra Real
URE Etf  USD 52.25  1.76  3.26%   
ProShares Ultra Real competes with HUMANA, Morningstar Unconstrained, Thrivent High, High-yield Municipal, and Via Renewables; as well as few others. Analyzing ProShares Ultra competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of ProShares Ultra to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out ProShares Ultra Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of ProShares Ultra competition on your existing holdings.
  
Specify up to 10 symbols:
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ProShares Ultra's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
49.9952.2354.47
Details
Intrinsic
Valuation
LowRealHigh
42.9645.2057.48
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ProShares Ultra. Your research has to be compared to or analyzed against ProShares Ultra's peers to derive any actionable benefits. When done correctly, ProShares Ultra's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in ProShares Ultra Real.

ProShares Ultra Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between ProShares Ultra and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of ProShares and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of ProShares Ultra Real does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
RRTLX
+ 0.95
MSTSX
RRTLX
+ 0.89
VIASP
ABHYX
+ 0.84
MSTSX
ABHYX
+ 0.83
LBHIX
LBHIX
+ 0.82
MSTSX
VIASP
+ 0.82
MSTSX
  
High negative correlations   
RRTLX
- 0.21
444859BR2
VIASP
- 0.14
444859BR2
MSTSX
- 0.12
444859BR2
LBHIX
- 0.06
444859BR2
ABHYX
- 0.01
444859BR2
RRTLX
- 0.0
SCAXF

ProShares Ultra Constituents Risk-Adjusted Indicators

There is a big difference between ProShares Etf performing well and ProShares Ultra ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze ProShares Ultra's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

ProShares Ultra Competitive Analysis

The better you understand ProShares Ultra competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, ProShares Ultra's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across ProShares Ultra's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
URE 444859BR2 MSTSX LBHIX ABHYX SCAXF VIASP RRTLX
 3.26 
 52.25 
ProShares
 0.00 
 84.12 
HUMANA
 1.49 
 10.55 
Morningstar
 0.24 
 4.11 
Thrivent
 0.11 
 8.73 
High-yield
 0.00 
 0.01 
Sparta
 4.63 
 20.17 
Via
 0.59 
 11.79 
RRTLX
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Not too volatile
Very steady
Market Performance
(90 Days Performance)
Very Weak
Very Weak
OK
Weak
Insignificant
Very Weak
Modest
Good
Odds of Financial Distress
(Probability Of Bankruptcy)
Below Average
Below Average
Low
Low
Low
Low
Above Average
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Fairly Valued
Fairly Valued
Fairly Valued
Over Valued
Fairly Valued
Fairly Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Hold
Strong Sell
Strong Hold
Hold
Cautious Hold
Strong Sell
Hold
Hold
Current Ratio
N/A
N/A
N/A
N/A
N/A
0.62 X
3.49 X
N/A
Net Asset
65.69 M
N/A
116.1 M
674.44 M
672.37 M
3.06 M
355.28 M
1.46 B
Profit Margin
N/A
N/A
N/A
N/A
N/A
(0.10) %
0.01 %
N/A
EBITDA
N/A
N/A
N/A
N/A
N/A
(21.53 K)
33.09 M
N/A
Price To Book
2.35 X
N/A
N/A
1.58 X
N/A
34.42 X
N/A
2.13 X
Operating Margin
N/A
N/A
N/A
N/A
N/A
(0.15) %
(0.14) %
N/A
Current Valuation
N/A
N/A
N/A
N/A
N/A
5.73 M
535.95 M
N/A
Five Year Return
(6.00) %
N/A
7.26 %
2.81 %
1.70 %
N/A
8.97 %
0.04 %
One Year Return
(4.20) %
N/A
12.15 %
8.57 %
3.01 %
N/A
N/A
0.07 %
Beta
2.16
N/A
N/A
N/A
N/A
1.75
1.16
N/A
Equity Positions Weight
200.00 %
N/A
61.63 %
0.07 %
N/A
N/A
N/A
38.52 %
Cash Position Weight
N/A
N/A
14.28 %
6.56 %
0.10 %
N/A
N/A
7.22 %
Number Of Employees
10
N/A
1
1
1
8
169
1
Shares Outstanding
N/A
N/A
N/A
N/A
N/A
233.95 M
N/A
N/A
Three Year Return
(9.50) %
N/A
4.55 %
1.51 %
(1.36) %
N/A
N/A
0.05 %
Cash Flow From Operations
N/A
N/A
N/A
N/A
N/A
210.37 K
12.7 M
N/A
Annual Yield
N/A
N/A
0.02 %
0.06 %
0 %
N/A
0.1 %
0.02 %
Total Debt
N/A
N/A
N/A
N/A
N/A
125 K
135 M
N/A
Return On Equity
N/A
N/A
N/A
N/A
N/A
N/A
0.017
N/A
Bond Positions Weight
N/A
N/A
22.72 %
92.23 %
2.00 %
N/A
N/A
14.43 %
Z Score
N/A
N/A
N/A
N/A
N/A
37.6
1.0
N/A
Holdings Turnover
N/A
N/A
269.00 %
N/A
N/A
N/A
N/A
N/A
Return On Asset
N/A
N/A
N/A
N/A
N/A
-0.21
-0.11
N/A
Book Value Per Share
N/A
N/A
N/A
N/A
N/A
(0) X
3.66 X
N/A
Number Of Shares Shorted
N/A
N/A
N/A
N/A
N/A
N/A
4.29 K
N/A
Minimum Initial Investment
N/A
N/A
N/A
2 K
N/A
N/A
N/A
N/A
Total Asset
65.69 M
N/A
215.11 M
347.66 M
243.16 M
3.06 M
355.28 M
1.03 B
Last Dividend Paid
0.068
N/A
N/A
0.02
0.03
N/A
0.73
0.14
Debt To Equity
N/A
N/A
N/A
N/A
N/A
101.00 %
0.69 %
N/A
Short Ratio
N/A
N/A
N/A
N/A
N/A
N/A
0.70 X
N/A
Market Capitalization
N/A
N/A
50.36 M
N/A
N/A
7.72 M
N/A
N/A
Price To Earning
31.93 X
N/A
N/A
35.48 X
N/A
19.55 X
26.83 X
18.25 X
Price To Sales
5.62 X
N/A
N/A
1.23 X
N/A
0.63 X
N/A
1.57 X
Net Income
N/A
N/A
N/A
N/A
N/A
(609.44 K)
5.2 M
N/A
Earnings Per Share
(0.16) X
N/A
N/A
N/A
N/A
(0) X
1.17 X
N/A
Shares Owned By Insiders
N/A
N/A
N/A
N/A
N/A
9.51 %
N/A
N/A
Year To Date Return
N/A
N/A
1.74 %
0.74 %
0.89 %
N/A
N/A
(0.02) %
Revenue
N/A
N/A
N/A
N/A
N/A
5.19 M
393.49 M
N/A
Ten Year Return
4.30 %
N/A
N/A
6.00 %
4.84 %
N/A
N/A
5.76 %
Cash And Equivalents
N/A
N/A
N/A
N/A
N/A
909.32 K
51.31 M
N/A
Cash Per Share
N/A
N/A
N/A
N/A
N/A
N/A
3.23 X
N/A
Gross Profit
N/A
N/A
N/A
N/A
N/A
3.68 M
74.67 M
N/A
Day Typical Price
52.9
84.12
10.55
4.11
8.73
0.0121
20.48
11.79
Accumulation Distribution
0.0513
N/A
N/A
N/A
N/A
N/A
0.0602
N/A
Market Facilitation Index
2.8
N/A
N/A
N/A
N/A
N/A
1.28
N/A
Daily Balance Of Power
(0.63)
0.0
(9,223,372,036,855)
(9,223,372,036,855)
(9,223,372,036,855)
0.0
(0.77)
(9,223,372,036,855)
Period Momentum Indicator
(1.76)
N/A
(0.16)
(0.01)
(0.01)
N/A
(0.98)
(0.07)
Rate Of Daily Change
0.97
1.0
0.99
1.0
1.0
1.0
0.95
0.99
Day Median Price
53.23
84.12
10.55
4.11
8.73
0.0121
20.64
11.79
Price Action Indicator
(1.86)
N/A
(0.08)
(0.01)
(0.01)
N/A
(0.96)
(0.04)
Coefficient Of Variation
(973.41)
29401.75
1533.83
(7,500)
2089.5
N/A
868.87
799.41
Mean Deviation
1.76
0.6084
0.455
0.1809
0.1772
N/A
1.52
0.2525
Jensen Alpha
(0.38)
(0)
(0.02)
(0.03)
(0)
N/A
0.2071
0.0301
Total Risk Alpha
(0.43)
(0.12)
(0.02)
(0.03)
(0.02)
N/A
0.0589
0.0034
Sortino Ratio
N/A
(0.05)
(0.03)
N/A
(0.14)
N/A
0.0765
(0.06)
Downside Variance
N/A
1.57
0.558
N/A
0.1295
N/A
6.35
0.1528
Standard Deviation
2.25
1.34
0.608
0.2526
0.262
N/A
2.22
0.327
Kurtosis
1.17
18.76
0.4963
0.2157
2.65
N/A
2.74
0.2362
Potential Upside
3.15
0.9566
0.9756
0.4808
0.4545
N/A
3.6
0.5076
Treynor Ratio
(0.09)
0.3452
0.033
(0.06)
0.0235
N/A
0.3371
1.92
Maximum Drawdown
12.89
9.78
2.64
1.21
1.61
N/A
13.41
1.46
Variance
5.06
1.79
0.3697
0.0638
0.0686
N/A
4.93
0.1069
Market Risk Adjusted Performance
(0.08)
0.3552
0.043
(0.05)
0.0335
N/A
0.3471
1.93
Risk Adjusted Performance
(0.06)
0.0074
0.0406
(0.02)
0.0161
N/A
0.0793
0.0693
Skewness
(0.39)
0.9774
(0.60)
(0.30)
(0.41)
N/A
(0.63)
(0.54)
Semi Deviation
N/A
1.19
0.6002
N/A
0.2239
N/A
2.28
0.2642
Information Ratio
(0.13)
(0.04)
(0.04)
(0.26)
(0.19)
N/A
0.0868
(0.07)
Value At Risk
(3.56)
(1.04)
(1.17)
(0.48)
(0.46)
N/A
(3.74)
(0.59)
Expected Short fall
N/A
(0.65)
(0.49)
N/A
(0.22)
N/A
(1.57)
(0.28)
Downside Deviation
N/A
1.25
0.747
N/A
0.3599
N/A
2.52
0.3909
Semi Variance
N/A
1.43
0.3602
N/A
0.0501
N/A
5.21
0.0698

ProShares Ultra Competition Performance Charts

Five steps to successful analysis of ProShares Ultra Competition

ProShares Ultra's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by ProShares Ultra Real in relation to its competition. ProShares Ultra's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of ProShares Ultra in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact ProShares Ultra's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to ProShares Ultra Real, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your ProShares Ultra position

In addition to having ProShares Ultra in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Information Technology ETFs Thematic Idea Now

Information Technology ETFs
Information Technology ETFs Theme
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Information Technology ETFs theme has 44 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Information Technology ETFs Theme or any other thematic opportunities.
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When determining whether ProShares Ultra Real is a strong investment it is important to analyze ProShares Ultra's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ProShares Ultra's future performance. For an informed investment choice regarding ProShares Etf, refer to the following important reports:
How To Invest In ProShares
Details
ETF Directory
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Largest Real Estate ETFs Companies
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Largest Sector ETFs Companies
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Check out ProShares Ultra Correlation with its peers.
You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
The market value of ProShares Ultra Real 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 Ultra's value that differs from its market value or its book value, called intrinsic value, which is ProShares Ultra'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 Ultra's market value can be influenced by many factors that don't directly affect ProShares Ultra's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Beneish
M Score
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Technical
Analysis
Details
Please note, there is a significant difference between ProShares Ultra's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Ultra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Ultra'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.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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