ProShares Etf Profile

SDP Etf  USD 11.33  0.01  0.09%   
Market Performance
0 of 100
Odds Of Distress
Over 68
ProShares UltraShort is selling at 11.33 as of the 27th of January 2023; that is 0.09 percent increase since the beginning of the trading day. The etf's last reported lowest price was 11.21. ProShares UltraShort has more than 68 % chance of experiencing financial distress in the next few years of operation. It also generated negative returns for investors over the last 90 days. Equity ratings for ProShares UltraShort Utilities are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of December 2022 and ending today, the 27th of January 2023. Click here to learn more.
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. Ultrashort Utilities is traded on NYSEARCA Exchange in the United States. More on ProShares UltraShort Utilities

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ProShares UltraShort 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 UltraShort's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding ProShares UltraShort or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Chairman of ProShares TrustMichael Sapir
Macroaxis Advice
The 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 ProShares UltraShort's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellOvervalued
IssuerProShares
Inception Date2007-01-30
BenchmarkDow Jones US Utilities Sector Index
Entity TypeRegulated Investment Company
Asset Under Management3.26 Million
Average Trading Valume21,881.7
Asset TypeEquity
CategorySector
FocusUtilities
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-Dec
ExchangeNYSE Arca, Inc.
Number of Constituents23.0
Market MakerIMC
Total Expense4.17
Management Fee0.75
Nav Price11.11
Two Hundred Day Average11.85
Ytd-12.79%
Average Daily Volume In Three Month27.14k
Fifty Two Week Low9.57
As Of Date25th of November 2022
Average Daily Volume Last 10 Day6.25k
Fifty Two Week High15.4
One Month-16.82%
Fifty Day Average12.44
Three Month9.54%
Beta In Three Year(1.01)
ProShares UltraShort Utilities [SDP] is traded in USA and was established 2007-01-30. The fund is classified under Trading--Inverse Equity category within ProShares family. ProShares UltraShort at this time have 3.94 M in assets. , while the total return for the last 3 years was -29.77%.
Check ProShares UltraShort Probability Of Bankruptcy

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 UltraShort Utilities 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.

Top ProShares UltraShort Utilities Etf Constituents

ProShares UltraShort Target Price Odds Analysis

Contingent on a normal probability distribution, the odds of ProShares UltraShort jumping above the current price in 90 days from now is about 50.0%. The ProShares UltraShort Utilities probability density function shows the probability of ProShares UltraShort etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon ProShares UltraShort Utilities has a beta of -1.6792. This usually implies as returns on its benchmark rise, returns on holding ProShares UltraShort Utilities are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, ProShares UltraShort is expected to outperform its benchmark. Additionally, the company has an alpha of 0.035, implying that it can generate a 0.035 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 11.33HorizonTargetOdds Above 11.33
49.82%90 days
 11.33 
50.00%
Based on a normal probability distribution, the odds of ProShares UltraShort to move above the current price in 90 days from now is about 50.0 (This ProShares UltraShort Utilities probability density function shows the probability of ProShares Etf to fall within a particular range of prices over 90 days) .

ProShares UltraShort Risk Profiles

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

ProShares UltraShort Against Markets

Picking the right benchmark for ProShares UltraShort 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 UltraShort 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 UltraShort is critical whether you are bullish or bearish towards ProShares UltraShort Utilities at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in ProShares UltraShort 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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Invested in ProShares UltraShort Utilities?

The danger of trading ProShares UltraShort Utilities 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 UltraShort 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 UltraShort. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ProShares UltraShort 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.
Additionally, take a look at World Market Map. Note that the ProShares UltraShort information on this page should be used as a complementary analysis to other ProShares UltraShort'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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

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