Proshares Merger Etf Profile
| MRGR Etf | USD 40.35 0.06 0.15% |
Performance5 of 100
| Odds Of DistressLess than 9
|
ProShares Merger is selling at 40.35 as of the 19th of April 2024; that is 0.15 percent increase since the beginning of the trading day. The etf's lowest day price was 40.35. ProShares Merger has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for ProShares Merger ETF are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of February 2024 and ending today, the 19th of April 2024. Click here to learn more.
The fund is designed to track the performance of the index and provide exposure to a global merger arbitrage strategy. Merger ETF is traded on BATS Exchange in the United States. More on ProShares Merger ETF
Moving together with ProShares Etf
| 0.81 | ARB | AltShares Trust | PairCorr |
| 0.7 | VTI | Vanguard Total Stock | PairCorr |
| 0.68 | SPY | SPDR SP 500 | PairCorr |
Moving against ProShares Etf
| 0.68 | BA | Boeing Earnings Call This Week | PairCorr |
| 0.47 | MCD | McDonalds Report 23rd of April 2024 | PairCorr |
ProShares Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. ProShares Merger's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding ProShares Merger or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Business Concentration | Long/short ETFs, Strategy ETFs, Event Driven, ProShares (View all Sectors) |
| Issuer | ProShares |
| Inception Date | 2012-12-11 |
| Benchmark | S&P Merger Arbitrage Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 10.1 Million |
| Average Trading Valume | 1,171.5 |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Long/Short |
| Market Concentration | Developed Markets |
| Region | Global |
| Administrator | J.P. Morgan Investor Services Co. |
| Advisor | ProShare Advisors LLC |
| Custodian | JPMorgan Chase Bank, N.A. |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | Alexander Ilyasov, Scott Hanson |
| Transfer Agent | JPMorgan Chase Bank, N.A. |
| Fiscal Year End | 30-Apr |
| Exchange | Cboe BZX Exchange, Inc. |
| Number of Constituents | 140 |
| Market Maker | RBC Capital Markets |
| Total Expense | 1.68 |
| Management Fee | 0.75 |
| Country Name | USA |
| Returns Y T D | 0.63 |
| Name | ProShares Merger ETF |
| Currency Code | USD |
| Open Figi | BBG003PSCM66 |
| In Threey Volatility | 3.61 |
| 1y Volatility | 3.35 |
| 200 Day M A | 39.771 |
| 50 Day M A | 40.298 |
| Code | MRGR |
| Updated At | 18th of April 2024 |
| Currency Name | US Dollar |
ProShares Merger ETF [MRGR] is traded in USA and was established 2012-12-11. The fund is listed under Event Driven category and is part of ProShares family. The entity is thematically classified as Long/short ETFs. ProShares Merger ETF now have 26.8 M in assets. , while the total return for the last 3 years was 1.2%.
Check ProShares Merger Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on ProShares Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding ProShares Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as ProShares Merger ETF Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
ProShares Merger ETF Currency Exposure
ProShares Merger ETF holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of ProShares Merger will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in ProShares Merger ETF.
Top ProShares Merger ETF Etf Constituents
| BTG | B2Gold Corp | Stock | Materials |
| ROG | Rogers | Stock | Information Technology |
| ING | ING Group NV | Stock | Financials |
| SJI | South Jersey Industries | Stock | Utilities |
| MNDT | Mandiant | Stock | Software—Infrastructure |
| DRE | Duke Realty | Stock | REIT—Industrial |
| EURN | Euronav NV | Stock | Energy |
ProShares Merger Target Price Odds Analysis
In regard to a normal probability distribution, the odds of ProShares Merger jumping above the current price in 90 days from now is about 18.7%. The ProShares Merger ETF probability density function shows the probability of ProShares Merger etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days ProShares Merger ETF has a beta of -0.002. This indicates as returns on the benchmark increase, returns on holding ProShares Merger are expected to decrease at a much lower rate. During a bear market, however, ProShares Merger ETF is likely to outperform the market. Additionally, proShares Merger ETF has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of ProShares Merger to move above the current price in 90 days from now is about 18.7 (This ProShares Merger ETF probability density function shows the probability of ProShares Etf to fall within a particular range of prices over 90 days) .
ProShares Merger Top Holders
| JTHIX | James Alpha Total | Mutual Fund | Multistrategy |
| JTHSX | James Alpha Total | Mutual Fund | Multistrategy |
ProShares Merger ETF Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. ProShares Merger market risk premium is the additional return an investor will receive from holding ProShares Merger 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 Merger. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although ProShares Merger's alpha and beta are two of the key measurements used to evaluate ProShares Merger's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0064 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.31) |
ProShares Merger Against Markets
Picking the right benchmark for ProShares Merger etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in ProShares Merger etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for ProShares Merger is critical whether you are bullish or bearish towards ProShares Merger ETF at a given time. Please also check how ProShares Merger's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in ProShares Merger without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
How to buy ProShares Etf?
Before investing in ProShares Merger, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in ProShares Merger. To buy ProShares Merger etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of ProShares Merger. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase ProShares Merger etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located ProShares Merger ETF etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased ProShares Merger ETF etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as ProShares Merger ETF, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy ProShares Etf please use our How to Invest in ProShares Merger guide.
Already Invested in ProShares Merger ETF?
The danger of trading ProShares Merger ETF is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of ProShares Merger is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than ProShares Merger. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ProShares Merger ETF is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether ProShares Merger ETF is a strong investment it is important to analyze ProShares Merger'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 Merger's future performance. For an informed investment choice regarding ProShares Etf, refer to the following important reports: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in ProShares Merger ETF. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the ProShares Merger ETF information on this page should be used as a complementary analysis to other ProShares Merger's 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 the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
The market value of ProShares Merger ETF 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 Merger's value that differs from its market value or its book value, called intrinsic value, which is ProShares Merger'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 Merger's market value can be influenced by many factors that don't directly affect ProShares Merger'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 Merger's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Merger is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Merger'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.