Proshares Short High Etf Fundamentals
| SJB Etf | USD 17.37 0.08 0.46% |
ProShares Short High fundamentals help investors to digest information that contributes to ProShares Short's financial success or failures. It also enables traders to predict the movement of ProShares Etf. The fundamental analysis module provides a way to measure ProShares Short's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ProShares Short etf.
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ProShares Short High ETF Beta Analysis
ProShares Short's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current ProShares Short Beta | -1.0 |
Most of ProShares Short's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ProShares Short High is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, ProShares Short High has a Beta of -1.0. This is much lower than that of the ProShares family and significantly lower than that of the Trading--Inverse Debt category. The beta for all United States etfs is notably higher than that of the company.
ProShares Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ProShares Short's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of ProShares Short could also be used in its relative valuation, which is a method of valuing ProShares Short by comparing valuation metrics of similar companies.ProShares Short is currently under evaluation in beta as compared to similar ETFs.
As the market becomes more bullish, returns on owning ProShares Short are expected to decrease slowly. On the other hand, during market turmoil, ProShares Short is expected to outperform it slightly.
ProShares Fundamentals
| Number Of Employees | 176 | |||
| Beta | -1.0 | |||
| Total Asset | 335.04 M | |||
| One Year Return | (1.40) % | |||
| Five Year Return | (3.00) % | |||
| Ten Year Return | (4.00) % | |||
| Net Asset | 335.04 M | |||
| Last Dividend Paid | 0.013 | |||
| Equity Positions Weight | (95.60) % |
About ProShares Short Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ProShares Short High's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ProShares Short using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ProShares Short High based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. Short High is traded on NYSEARCA Exchange in the United States.
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When determining whether ProShares Short High offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ProShares Short'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 Short High Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Proshares Short High Etf:Check out ProShares Short Piotroski F Score and ProShares Short Altman Z Score analysis. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
The market value of ProShares Short High 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 Short's value that differs from its market value or its book value, called intrinsic value, which is ProShares Short'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 Short's market value can be influenced by many factors that don't directly affect ProShares Short'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 Short's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Short is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Short'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.