Proshares Ultra Russell2000 Etf Buy Hold or Sell Recommendation
| UWM Etf | USD 36.55 1.33 3.78% |
Considering the 90-day investment horizon and your conservative attitude towards risk, our recommendation regarding ProShares Ultra Russell2000 is 'Strong Sell'. Macroaxis provides ProShares Ultra buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding UWM positions. The advice algorithm takes into account all of ProShares Ultra's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting ProShares Ultra's buy or sell advice are summarized below:
Real Value 33.82 | Hype Value 36.57 | Market Value 36.55 | Naive Value 38.41 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell ProShares Ultra Russell2000 given historical horizon and risk tolerance towards ProShares Ultra. When Macroaxis issues a 'buy' or 'sell' recommendation for ProShares Ultra Russell2000, the advice is generated through an automated system that utilizes algorithms and statistical models.
ProShares |
Execute ProShares Ultra Buy or Sell Advice
The ProShares recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on ProShares Ultra Russell2000. Macroaxis does not own or have any residual interests in ProShares Ultra Russell2000 or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute ProShares Ultra's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Insignificant | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Not Available | Details |
ProShares Ultra Trading Alerts and Improvement Suggestions
| Latest headline from businesswire.com: UWM Holdings Corporation Announces Q1 2024 Earnings Conference Call | |
| The fund generated three year return of -15.0% | |
| ProShares Ultra Russ keeps 190.63% of its net assets in stocks |
ProShares Ultra Returns Distribution Density
The distribution of ProShares Ultra's historical returns is an attempt to chart the uncertainty of ProShares Ultra's future price movements. The chart of the probability distribution of ProShares Ultra daily returns describes the distribution of returns around its average expected value. We use ProShares Ultra Russell2000 price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of ProShares Ultra returns is essential to provide solid investment advice for ProShares Ultra.
| Mean Return | 0.11 | Value At Risk | -3.64 | Potential Upside | 3.91 | Standard Deviation | 2.53 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of ProShares Ultra historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
ProShares Ultra Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to ProShares Ultra or ProShares sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that ProShares Ultra's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a ProShares etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.05 | |
β | Beta against NYSE Composite | 1.09 | |
σ | Overall volatility | 2.54 | |
Ir | Information ratio | 0.02 |
ProShares Ultra Volatility Alert
ProShares Ultra Russell2000 currently demonstrates below-average downside deviation. It has Information Ratio of 0.02 and Jensen Alpha of 0.05. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure ProShares Ultra's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact ProShares Ultra's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.ProShares Ultra Fundamentals Vs Peers
Comparing ProShares Ultra's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze ProShares Ultra's direct or indirect competition across all of the common fundamentals between ProShares Ultra and the related equities. This way, we can detect undervalued stocks with similar characteristics as ProShares Ultra or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of ProShares Ultra's fundamental indicators could also be used in its relative valuation, which is a method of valuing ProShares Ultra by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare ProShares Ultra to competition |
| Fundamentals | ProShares Ultra | Peer Average |
| Price To Earning | 20.48 X | 3.15 X |
| Price To Book | 1.95 X | 0.39 X |
| Price To Sales | 1.18 X | 0.33 X |
| Beta | 2.08 | |
| One Year Return | 15.80 % | (0.97) % |
| Three Year Return | (14.90) % | 3.23 % |
| Five Year Return | 0.30 % | 1.12 % |
| Ten Year Return | 6.20 % | 1.20 % |
| Net Asset | 120.71 M | 2.29 B |
| Last Dividend Paid | 0.004 | 0.14 |
| Equity Positions Weight | 190.63 % | 52.82 % |
ProShares Ultra Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as ProShares . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 28358.75 | |||
| Daily Balance Of Power | 1.055556 | |||
| Rate Of Daily Change | 1.04 | |||
| Day Median Price | 35.93 | |||
| Day Typical Price | 36.14 | |||
| Price Action Indicator | 1.28 | |||
| Period Momentum Indicator | 1.33 |
About ProShares Ultra Buy or Sell Advice
When is the right time to buy or sell ProShares Ultra Russell2000? Buying financial instruments such as ProShares Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having ProShares Ultra in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Data Storage
Companies making data storages or providing data storage services. The Data Storage theme has 37 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Data Storage Theme or any other thematic opportunities.
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Check out ProShares Ultra Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
The market value of ProShares Ultra Russ 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.