Ultra Etf Profile

RXL -  USA Etf  

USD 101.23  2.37  2.40%

Ultra Health is selling for 101.23 as of the 25th of July 2021. This is a 2.40 percent increase since the beginning of the trading day. The etf's lowest day price was 99.64. Ultra Health has a very small chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Ultra Health Care are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of April 2021 and ending today, the 25th of July 2021. Click here to learn more.
 Market Performance
11 of 100
  Odds Of Distress
Less than 1

Ultra Health Etf Profile

The investment seeks daily investment results, before fees and expenses, that correspond to two times the daily performance of the Dow Jones U.S. Ultra Health is traded on NYSEArca Exchange in the United States. more on Ultra Health
Ultra Health Care is unlikely to experience financial distress in the next 2 years
The fund maintains 91.42% of its assets in stocks
Legal NameUltra Health Care
Chairman of ProShares TrustMichael Sapir  (View All)
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Ultra Health's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyFairly Valued
IssuerProShares
DescriptionProShares Ultra Health Care
Inception Date2007-01-30
BenchmarkDow Jones US Healthcare Index
Entity TypeRegulated Investment Company
Asset Under Management165.61 Million
Average Trading Valume42,176.1
Asset TypeEquity
CategorySector
FocusHealth Care
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorJ.P. Morgan Investor Services Co.
AdvisorProShare Advisors LLC
CustodianJPMorgan Chase Bank, N.A.
DistributorSEI Investments Distribution Co.
Portfolio ManagerMichael Neches, Tarak Dave
Transfer AgentJPMorgan Chase Bank, N.A.
Fiscal Year End31-Oct
ExchangeNYSE Arca, Inc.
Number of Constituents148
Market MakerIMC Chicago
Total Expense1.09
Management Fee0.75
Nav Price96.53
Two Hundred Day Average84.5
Ytd23.27%
Average Daily Volume In Three Month24.95k
Fifty Two Week Low59.31
As Of Date30th of June 2021
Average Daily Volume Last 10 Day81.74k
Fifty Two Week High98.42
One Month5.35%
Fifty Day Average92.27
Three Month16.93%
Ultra Health Care [RXL] is traded in USA and was established 2007-01-30. The fund is classified under Trading--Leveraged Equity category within ProShares family. Ultra Health Care at this time have 223.61 M in assets. , while the total return for the last 3 years was 27.67%.
Check Ultra Health 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 Ultra Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Ultra Health , and the less return is expected.

Top Ultra Health Care Constituents

Ultra Health Target Price Odds Analysis

What are Ultra Health's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Ultra Health jumping above the current price in 90 days from now is near 1%. The Ultra Health Care probability density function shows the probability of Ultra Health etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Ultra Health has a beta of 0.9928 indicating Ultra Health Care market returns are highly reactive to returns on the market. As the market goes up or down, Ultra Health is expected to follow. Additionally, the company has an alpha of 0.1609, implying that it can generate a 0.16 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Odds Down 101.23HorizonTargetOdds Up 101.23 
99.56%90 days
 101.23 
0.43%
Based on a normal probability distribution, the odds of Ultra Health to move above the current price in 90 days from now is near 1 (This Ultra Health Care probability density function shows the probability of Ultra Etf to fall within a particular range of prices over 90 days) .

Ultra Health Top Holders

Ultra Health Major Institutional Holders

Institutional Holdings refers to the ownership stake in Ultra Health that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Ultra Health's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Ultra Health's value.
InstituionSecurity TypeTotal SharesValue
Bartlett Co LlcFund Units91285 K
Susquehanna International Group LlpPut Options4.7 K375 K
Susquehanna International Group LlpCall Options4.1 K327 K
View Ultra Health Diagnostics

Ultra Health Care Risk Profiles

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

Ultra Health Care Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Ultra Health Tangent Of Price Series is a trigonometric price transformation method View also all equity analysis or get more info about tangent of price series math transform indicator.

Ultra Health Against Markets

Picking the right benchmark for Ultra Health 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 Ultra Health 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 Ultra Health is critical whether you are bullish or bearish towards Ultra Health Care at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ultra Health without increasing your portfolio risk or giving up 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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Additionally, take a look at Your Equity Center. Note that the Ultra Health Care information on this page should be used as a complementary analysis to other Ultra Health'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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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When running Ultra Health Care price analysis, check to measure Ultra Health'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 Ultra Health is operating at the current time. Most of Ultra Health's value examination focuses on studying past and present price action to predict the probability of Ultra Health's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Ultra Health's price. Additionally, you may evaluate how the addition of Ultra Health to your portfolios can decrease your overall portfolio volatility.
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The market value of Ultra Health Care is measured differently than its book value, which is the value of Ultra that is recorded on the company's balance sheet. Investors also form their own opinion of Ultra Health's value that differs from its market value or its book value, called intrinsic value, which is Ultra Health'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 Ultra Health's market value can be influenced by many factors that don't directly affect Ultra Health Care underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ultra Health's value and its price as these two are different measures arrived at by different means. Investors typically determine Ultra Health value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ultra Health'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.