Proshares Ultra Yen Etf Profile

YCL Etf  USD 20.97  0.02  0.1%   

Performance

0 of 100

 
Weak
 
Strong
Very Weak

Odds Of Distress

Less than 9

 
High
 
Low
Low
ProShares Ultra is selling for 20.97 as of the 15th of July 2024. This is a 0.1% down since the beginning of the trading day. The etf's lowest day price was 20.9. ProShares Ultra has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for ProShares Ultra Yen are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 15th of June 2024 and ending today, the 15th of July 2024. Click here to learn more.
The fund seeks to meet its investment objective by investing under normal market conditions in any one of, or combinations of, Financial Instruments based on the funds benchmark. Ultra Yen is traded on NYSEARCA Exchange in the United States. More on ProShares Ultra Yen

Moving together with ProShares Etf

  0.76VXX iPath Series BPairCorr
  0.76VIXY ProShares VIX ShortPairCorr
  0.63VIXM ProShares VIX MidPairCorr

Moving against ProShares Etf

  1.0YCS ProShares UltraShort YenPairCorr
  0.84FNGO MicroSectors FANG IndexPairCorr
  0.83FNGU MicroSectors FANG IndexPairCorr
  0.82QLD ProShares Ultra QQQPairCorr
  0.8TECL Direxion Daily TechnologyPairCorr
  0.8SMH VanEck Semiconductor ETF Sell-off TrendPairCorr

ProShares Etf Highlights

Business ConcentrationTrading--Miscellaneous, ProShares (View all Sectors)
IssuerProShares
Inception Date2008-11-24
BenchmarkJPY/USD Exchange Rate
Entity TypePartnership
Asset Under Management45.56 Million
Average Trading Valume70,629.8
Asset TypeCurrency
CategoryJapanese Yen
FocusJapanese Yen
Market ConcentrationDeveloped Markets
RegionAsia-Pacific
AdministratorThe Bank of New York Mellon Corporation
AdvisorProShare Advisors LLC
CustodianThe Bank of New York Mellon Corporation
DistributorSEI Investments Distribution Co.
Portfolio ManagerAlexander Ilyasov
Transfer AgentBrown Brothers Harriman & Co.
TrusteeWilmington Trust Company
Fiscal Year End31-Dec
ExchangeNYSE Arca, Inc.
Number of Constituents32.0
Market MakerVirtu Financial
Total Expense0.95
Management Fee0.95
Country NameUSA
Returns Y T D(23.64)
NameProShares Ultra Yen
Currency CodeUSD
Open FigiBBG000CT88J6
In Threey Volatility21.43
1y Volatility18.59
200 Day M A23.7687
50 Day M A21.2694
CodeYCL
Updated At15th of July 2024
ProShares Ultra Yen [YCL] is traded in USA and was established 2008-11-24. The fund is classified under Trading--Miscellaneous category within ProShares family. ProShares Ultra Yen at this time have 10.16 M in net assets. , while the total return for the last 3 years was -26.0%.
Check ProShares Ultra 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 Ultra Yen 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 Ultra Yen Currency Exposure

ProShares Ultra Yen 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 Ultra 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 Ultra Yen.

Top ProShares Ultra Yen Etf Constituents

Net Other Assets / Cash100%
YEN/US DOLLAR FORWARD - GOLDMAN SACHS100%
YEN/US DOLLAR FORWARD - UBS100%

ProShares Ultra Yen Risk Profiles

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

ProShares Ultra Against Markets

Additional Information and Resources on Investing in ProShares Etf

When determining whether ProShares Ultra Yen is a strong investment it is important to analyze ProShares Ultra'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 Ultra's future performance. For an informed investment choice regarding ProShares Etf, refer to the following important reports:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ProShares Ultra Yen. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
The market value of ProShares Ultra Yen 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.