Proshares Pet Care Etf Profile

PAWZ Etf  USD 49.71  0.73  1.49%   

Performance

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Odds Of Distress

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ProShares Pet is trading at 49.71 as of the 28th of March 2024; that is 1.49 percent up since the beginning of the trading day. The etf's open price was 48.98. ProShares Pet 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 Pet Care are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Under normal circumstances, the fund will invest at least 80 percent of its total assets in component securities of the index. Pet Care is traded on BATS Exchange in the United States. More on ProShares Pet Care

Moving together with ProShares Etf

  0.78ICLN IShares Global CleanPairCorr
  0.67TAN Invesco Solar ETFPairCorr
  0.79QCLN First Trust NASDAQPairCorr
  0.79ACES ALPS Clean EnergyPairCorr

Moving against ProShares Etf

  0.61CEFD ETRACS Monthly PayPairCorr
  0.6MSOS AdvisorShares Pure Buyout TrendPairCorr
  0.59PFFL ETRACS 2xMonthly PayPairCorr
  0.55MJ Amplify Alternative Buyout TrendPairCorr
  0.47DSJA DSJAPairCorr
  0.46TSJA TSJAPairCorr
  0.44BOTZ Global X RoboticsPairCorr

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 Pet's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding ProShares Pet or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Thematic Ideas
(View all Themes)
Old NameRize Pet Care UCITS ETF A USD Acc GBP
Business ConcentrationTheme ETFs, Strategy ETFs, Miscellaneous Sector, ProShares (View all Sectors)
IssuerProShares
Inception Date2018-11-05
BenchmarkFactSet Pet Care Index
Entity TypeRegulated Investment Company
Asset Under Management71.1 Million
Average Trading Valume3,458.4
Asset TypeEquity
CategoryStrategy
FocusTheme
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorJPMorgan
AdvisorProShare Advisors LLC
CustodianJPMorgan Chase Bank, N.A.
DistributorSEI Investments Distribution Co.
Portfolio ManagerAlex Ilyasov, Scott Hanson
Transfer AgentJPMorgan Chase Bank, N.A.
TrusteeProShares Trust
Fiscal Year End30-Apr
ExchangeCboe BZX Exchange, Inc.
Number of Constituents32.0
Market MakerSG Americas Securities, LLC
Total Expense0.5
Management Fee0.5
Country NameUSA
Returns Y T D(7.12)
NameProShares Pet Care
Currency CodeUSD
Open FigiBBG00M6PLNF9
In Threey Volatility24.85
1y Volatility26.15
200 Day M A49.0477
50 Day M A50.6306
CodePAWZ
Updated At27th of March 2024
ProShares Pet Care [PAWZ] is traded in USA and was established 2018-11-05. The fund is listed under Miscellaneous Sector category and is part of ProShares family. The entity is thematically classified as Theme ETFs. ProShares Pet Care at this time have 114.16 M in assets. , while the total return for the last 3 years was -11.2%.
Check ProShares Pet 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 Pet Care 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 Pet Care Etf Constituents

CLColgate PalmoliveStockConsumer Staples
CENTACentral Garden PetStockConsumer Staples
CHWYChewy IncStockConsumer Discretionary
CVETCovetrusStockMedical Distribution
ELANElanco Animal HealthStockHealth Care
FRPTFreshpetStockConsumer Staples
IDXXIDEXX LaboratoriesStockHealth Care
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ProShares Pet Target Price Odds Analysis

Based on a normal probability distribution, the odds of ProShares Pet jumping above the current price in 90 days from now is about 88.57%. The ProShares Pet Care probability density function shows the probability of ProShares Pet etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the etf has a beta coefficient of 1.0213 indicating ProShares Pet Care market returns are sensitive to returns on the market. As the market goes up or down, ProShares Pet is expected to follow. Additionally, proShares Pet Care has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 49.71HorizonTargetOdds Above 49.71
11.18%90 days
 49.71 
88.57%
Based on a normal probability distribution, the odds of ProShares Pet to move above the current price in 90 days from now is about 88.57 (This ProShares Pet Care probability density function shows the probability of ProShares Etf to fall within a particular range of prices over 90 days) .

ProShares Pet Top Holders

TMATMain Thematic InnovationEtfGlobal Small/Mid Stock
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ProShares Pet Care Risk Profiles

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

ProShares Pet Against Markets

Picking the right benchmark for ProShares Pet 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 Pet 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 Pet is critical whether you are bullish or bearish towards ProShares Pet Care at a given time. Please also check how ProShares Pet's 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 Pet 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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How to buy ProShares Etf?

Before investing in ProShares Pet, 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 Pet. To buy ProShares Pet etf, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of ProShares Pet. 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 Pet etf. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located ProShares Pet Care 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 Pet Care 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 Pet Care, 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 Pet guide.

Already Invested in ProShares Pet Care?

The danger of trading ProShares Pet Care 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 Pet 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 Pet. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ProShares Pet Care 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 Pet Care offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ProShares Pet's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Proshares Pet Care Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Proshares Pet Care Etf:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ProShares Pet Care. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in housing.
You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.

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