ProShares Ultra Financial Statements From 2010 to 2024
| BIB Etf | USD 50.24 1.07 2.09% |
Check ProShares Ultra financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ProShares main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . ProShares financial statements analysis is a perfect complement when working with ProShares Ultra Valuation or Volatility modules.
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ProShares Ultra Nasdaq ETF Beta Analysis
ProShares Ultra'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 is 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.
Current ProShares Ultra Beta | 1.31 |
Most of ProShares Ultra'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 Ultra Nasdaq is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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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In accordance with the recently published financial statements, ProShares Ultra Nasdaq has a Beta of 1.31. This is much higher than that of the ProShares family and significantly higher than that of the Trading--Leveraged Equity category. The beta for all United States etfs is notably lower than that of the firm.
ProShares Ultra Nasdaq Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining ProShares Ultra's current stock value. Our valuation model uses many indicators to compare ProShares Ultra value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across ProShares Ultra competition to find correlations between indicators driving ProShares Ultra's intrinsic value. More Info.ProShares Ultra Nasdaq is second largest ETF in price to earning as compared to similar ETFs. It is second largest ETF in price to book as compared to similar ETFs fabricating about 0.18 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for ProShares Ultra Nasdaq is roughly 5.44 . Comparative valuation analysis is a catch-all model that can be used if you cannot value ProShares Ultra by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for ProShares Ultra's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the ProShares Ultra's earnings, one of the primary drivers of an investment's value.About ProShares Ultra Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include ProShares Ultra income statement, its balance sheet, and the statement of cash flows. ProShares Ultra investors use historical funamental indicators, such as ProShares Ultra's revenue or net income, to determine how well the company is positioned to perform in the future. Although ProShares Ultra investors may use each financial statement separately, they are all related. The changes in ProShares Ultra's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on ProShares Ultra's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on ProShares Ultra Financial Statements. Understanding these patterns can help to make the right decision on long term investment in ProShares Ultra. Please read more on 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. Ultra Nasdaq is traded on NASDAQ 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 Ultra 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 Ultra's short interest history, or implied volatility extrapolated from ProShares Ultra options trading.
Pair Trading with ProShares Ultra
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ProShares Ultra position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ProShares Ultra will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to ProShares Ultra could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ProShares Ultra when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ProShares Ultra - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ProShares Ultra Nasdaq to buy it.
The correlation of ProShares Ultra is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares Ultra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares Ultra Nasdaq moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ProShares Ultra can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of ProShares Ultra Correlation against competitors. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
The market value of ProShares Ultra Nasdaq 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.
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.