Proshares K 1 Free Etf Profile
| OILK Etf | USD 46.87 0.27 0.58% |
Performance7 of 100
| Odds Of DistressLess than 9
|
ProShares is selling for 46.87 as of the 10th of May 2024. This is a 0.58 percent increase since the beginning of the trading day. The etf's last reported lowest price was 46.48. ProShares has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for ProShares K 1 Free are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 10th of April 2024 and ending today, the 10th of May 2024. Click here to learn more.
The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the index. K-1 Free is traded on BATS Exchange in the United States. More on ProShares K 1 Free
Moving together with ProShares Etf
| 0.87 | GLD | SPDR Gold Shares | PairCorr |
| 0.87 | IAU | iShares Gold Trust | PairCorr |
| 0.87 | SLV | iShares Silver Trust Aggressive Push | PairCorr |
| 0.86 | GLDM | SPDR Gold MiniShares | PairCorr |
| 0.86 | SGOL | abrdn Physical Gold | PairCorr |
| 0.98 | USO | United States Oil | PairCorr |
| 0.91 | DBA | Invesco DB Agriculture | PairCorr |
Moving against ProShares Etf
| 0.61 | TLT | iShares 20 Year Aggressive Push | PairCorr |
| 0.54 | IGV | iShares Expanded Tech Sell-off Trend | PairCorr |
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' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding ProShares or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Idea | Energy ETFs (View all Themes) |
| Business Concentration | Energy ETFs, Commodities Focused, ProShares (View all Sectors) |
| Issuer | ProShares |
| Inception Date | 2016-09-26 |
| Benchmark | Bloomberg Commodity Balanced WTI Crude Oil Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 143.61 Million |
| Average Trading Valume | 56,103 |
| Asset Type | Commodities |
| Category | Energy |
| Focus | Crude Oil |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | J.P. Morgan Investor Services Co. |
| Advisor | ProShare Advisors LLC |
| Custodian | JPMorgan Chase Bank, N.A. |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | Alexander Ilyasov, Ryan Dofflemeyer |
| Transfer Agent | JPMorgan Chase Bank, N.A. |
| Fiscal Year End | 31-Dec |
| Exchange | Cboe BZX Exchange, Inc. |
| Number of Constituents | 6.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.67 |
| Management Fee | 0.65 |
| Country Name | USA |
| Returns Y T D | 11.87 |
| Name | ProShares K-1 Free Crude Oil Strategy ETF |
| Currency Code | USD |
| Open Figi | BBG00DX358T4 |
| In Threey Volatility | 24.72 |
| 1y Volatility | 21.74 |
| 200 Day M A | 46.0409 |
| 50 Day M A | 47.39 |
| Code | OILK |
| Updated At | 9th of May 2024 |
| Currency Name | US Dollar |
ProShares K 1 Free [OILK] is traded in USA and was established 2016-09-26. The fund is listed under Commodities Focused category and is part of ProShares family. The entity is thematically classified as Energy ETFs. ProShares K 1 now have 80.91 M in assets. , while the total return for the last 3 years was 19.6%.
Check ProShares 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 K 1 Free 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 K 1 Free Etf Constituents
| UCO | ProShares Ultra Bloomberg | Etf | Trading--Leveraged Commodities |
| USO | United States Oil | Etf | Commodities Focused |
ProShares Target Price Odds Analysis
Proceeding from a normal probability distribution, the odds of ProShares jumping above the current price in 90 days from now is about 41.9%. The ProShares K 1 Free probability density function shows the probability of ProShares etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days ProShares has a beta of 0.0761. This indicates as returns on the market go up, ProShares average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding ProShares K 1 Free will be expected to be much smaller as well. Additionally, proShares K 1 Free has an alpha of 0.1294, implying that it can generate a 0.13 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of ProShares to move above the current price in 90 days from now is about 41.9 (This ProShares K 1 Free probability density function shows the probability of ProShares Etf to fall within a particular range of prices over 90 days) .
ProShares K 1 Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. ProShares market risk premium is the additional return an investor will receive from holding ProShares 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. 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' alpha and beta are two of the key measurements used to evaluate ProShares' performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0991 | |||
| Jensen Alpha | 0.1294 | |||
| Total Risk Alpha | 0.0181 | |||
| Sortino Ratio | 0.0583 |
ProShares Against Markets
Picking the right benchmark for ProShares 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 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 is critical whether you are bullish or bearish towards ProShares K 1 Free at a given time. Please also check how ProShares' 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 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.Did you try this?
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How to buy ProShares Etf?
Before investing in ProShares, 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. To buy ProShares etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of ProShares. 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 etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located ProShares K 1 Free 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 K 1 Free 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 K 1 Free, 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 guide.
Already Invested in ProShares K 1 Free?
The danger of trading ProShares K 1 Free 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 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. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ProShares K 1 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 K 1 is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if ProShares Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Proshares K 1 Free Etf. Highlighted below are key reports to facilitate an investment decision about Proshares K 1 Free Etf: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ProShares K 1 Free. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
The market value of ProShares K 1 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' value that differs from its market value or its book value, called intrinsic value, which is ProShares' 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' market value can be influenced by many factors that don't directly affect ProShares' 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' value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares' 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.