Proshares Hedge Replication Etf Profile

HDG Etf  USD 49.07  0.10  0.20%   


5 of 100


Odds Of Distress

Less than 9

ProShares Hedge is trading at 49.07 as of the 1st of March 2024. This is a 0.20% increase since the beginning of the trading day. The etf's lowest day price was 49.07. ProShares Hedge 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 Hedge Replication are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of January 2024 and ending today, the 1st of March 2024. Please note, there could be an existing legal relationship between ProShares Hedge Repl (HDG) and Acura Pharmaceuticals (ACUR). Click here to learn more.
The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the benchmark. Hedge Replication is traded on NYSEARCA Exchange in the United States. More on ProShares Hedge Replication

Moving together with ProShares Etf

  0.69DALT Anfield Capital DivePairCorr

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 Hedge's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding ProShares Hedge or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Related EntityACUR (Acura Pharmaceuticals)
Thematic Ideas
(View all Themes)
Old Names[Altura Mining Limited, HDG, Hunter Douglas N.V.]
Business ConcentrationVN Index, VN100, VN All Shares, VN Mid Cap, Absolute Returns ETFs, Global Macro ETFs, Multistrategy, ProShares (View all Sectors)
Inception Date2011-07-12
BenchmarkMerrill Lynch Factor Model Exchange Series
Entity TypeRegulated Investment Company
Asset Under Management28.08 Million
Average Trading Valume726.5
Asset TypeMulti Asset
CategoryAbsolute Returns
FocusGlobal Macro
Market ConcentrationBlended Development
AdministratorJ.P. Morgan Investor Services Co.
AdvisorProShare Advisors LLC
CustodianJPMorgan Chase Bank, N.A.
DistributorSEI Investments Distribution Co.
Portfolio ManagerMichael Neches, Devin Sullivan, Tarak Dave
Transfer AgentJPMorgan Chase Bank, N.A.
Fiscal Year End31-Aug
ExchangeNYSE Arca, Inc.
Number of Constituents2,302
Market MakerVirtu Financial
Total Expense1.88
Management Fee0.75
Country NameUSA
Returns Y T D0.66
NameProShares Hedge Replication ETF
Currency CodeUSD
Open FigiBBG001WL7GT1
In Threey Volatility6.52
1y Volatility4.63
200 Day M A48.1484
50 Day M A48.4764
Updated At29th of February 2024
Currency NameUS Dollar
ProShares Hedge Replication [HDG] is traded in USA and was established 2011-07-12. The fund is classified under Multistrategy category within ProShares family. The entity is thematically classified as Absolute Returns ETFs. ProShares Hedge Repl currently have 39.91 M in assets under management (AUM). , while the total return for the last 3 years was -0.5%.
Check ProShares Hedge 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 Hedge Replication 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 Hedge Repl Currency Exposure

ProShares Hedge Replication 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 Hedge 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 Hedge Replication.

Top ProShares Hedge Replication Etf Constituents

BRPBrp GroupStockFinancials
LNZALanzaTech GlobalStockIndustrials
DFINDonnelley Financial SolutionsStockFinancials
VIRVir BiotechnologyStockHealth Care
MPBMid Penn BancorpStockFinancials
TWKSThoughtworks HoldingStockInformation Technology
KTBKontoor BrandsStockConsumer Discretionary
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ProShares Hedge Target Price Odds Analysis

In reference to a normal probability distribution, the odds of ProShares Hedge jumping above the current price in 90 days from now is about 1.96%. The ProShares Hedge Replication probability density function shows the probability of ProShares Hedge etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon ProShares Hedge has a beta of 0.4671. This usually indicates as returns on the market go up, ProShares Hedge average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding ProShares Hedge Replication will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. ProShares Hedge Repl is significantly underperforming NYSE Composite.
  Odds Below 49.07HorizonTargetOdds Above 49.07
97.85%90 days
Based on a normal probability distribution, the odds of ProShares Hedge to move above the current price in 90 days from now is about 1.96 (This ProShares Hedge Replication probability density function shows the probability of ProShares Etf to fall within a particular range of prices over 90 days) .

ProShares Hedge Top Holders

GAGIXThe Gabelli GlobalMutual FundTactical Allocation
TNMAX1290 Multi Alternative StrategiesMutual FundMultistrategy
GACCXThe Gamco GlobalMutual FundTactical Allocation
TNMRX1290 Multi Alternative StrategiesMutual FundMultistrategy
GAGAXThe Gabelli GlobalMutual FundTactical Allocation
TNMIX1290 Multi Alternative StrategiesMutual FundMultistrategy
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ProShares Hedge Repl Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. ProShares Hedge market risk premium is the additional return an investor will receive from holding ProShares Hedge 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 Hedge. 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 Hedge's alpha and beta are two of the key measurements used to evaluate ProShares Hedge's performance over the market, the standard measures of volatility play an important role as well.

ProShares Hedge Repl Technical Analysis

The output start index for this execution was zero with a total number of output elements of sixty-one. ProShares Hedge Repl Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe ProShares Hedge price patterns.

ProShares Hedge Against Markets

Picking the right benchmark for ProShares Hedge 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 Hedge 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 Hedge is critical whether you are bullish or bearish towards ProShares Hedge Replication at a given time. Please also check how ProShares Hedge'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 Hedge 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.

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How to buy ProShares Etf?

Before investing in ProShares Hedge, 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 Hedge. To buy ProShares Hedge etf, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of ProShares Hedge. 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 Hedge etf. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located ProShares Hedge Replication 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 Hedge Replication 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 Hedge Replication, 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 Hedge guide.

Already Invested in ProShares Hedge Replication?

The danger of trading ProShares Hedge Replication 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 Hedge 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 Hedge. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ProShares Hedge Repl 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 Hedge Repl is a strong investment it is important to analyze ProShares Hedge'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 Hedge's future performance. For an informed investment choice regarding ProShares Etf, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ProShares Hedge Replication. Also, note that the market value of any ETF could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
Note that the ProShares Hedge Repl information on this page should be used as a complementary analysis to other ProShares Hedge'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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.

Complementary Tools for ProShares Etf analysis

When running ProShares Hedge's price analysis, check to measure ProShares Hedge's 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 ProShares Hedge is operating at the current time. Most of ProShares Hedge's value examination focuses on studying past and present price action to predict the probability of ProShares Hedge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ProShares Hedge's price. Additionally, you may evaluate how the addition of ProShares Hedge to your portfolios can decrease your overall portfolio volatility.
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The market value of ProShares Hedge Repl 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 Hedge's value that differs from its market value or its book value, called intrinsic value, which is ProShares Hedge'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 Hedge's market value can be influenced by many factors that don't directly affect ProShares Hedge'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 Hedge's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Hedge is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Hedge'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.