Proshares Ultra Oil Etf Performance
| DIG Etf | USD 47.40 0.10 0.21% |
The etf holds a Beta of 1.16, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ProShares Ultra will likely underperform.
Risk-Adjusted Performance
19 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in ProShares Ultra Oil are ranked lower than 19 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile forward indicators, ProShares Ultra reported solid returns over the last few months and may actually be approaching a breakup point. ...more
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| In Threey Sharp Ratio | 0.90 |
ProShares |
ProShares Ultra Relative Risk vs. Return Landscape
If you would invest 3,661 in ProShares Ultra Oil on January 26, 2024 and sell it today you would earn a total of 1,079 from holding ProShares Ultra Oil or generate 29.47% return on investment over 90 days. ProShares Ultra Oil is generating 0.4314% of daily returns assuming volatility of 1.6868% on return distribution over 90 days investment horizon. In other words, 14% of etfs are less volatile than ProShares, and above 92% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
ProShares Ultra Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares Ultra's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as ProShares Ultra Oil, and traders can use it to determine the average amount a ProShares Ultra's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2558
| Best Portfolio | Best Equity | |||
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| Small Returns | DIG | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.69 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.43 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.26 actual daily | 19 81% of assets perform better |
Based on monthly moving average ProShares Ultra is performing at about 19% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ProShares Ultra by adding it to a well-diversified portfolio.
ProShares Ultra Fundamentals Growth
ProShares Etf prices reflect investors' perceptions of the future prospects and financial health of ProShares Ultra, and ProShares Ultra fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on ProShares Etf performance.
| Price To Earning | 29.67 X | |||
| Price To Book | 1.73 X | |||
| Price To Sales | 1.48 X | |||
| Total Asset | 125.41 M | |||
About ProShares Ultra Performance
To evaluate ProShares Ultra Oil Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when ProShares Ultra generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare ProShares Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand ProShares Ultra Oil market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents ProShares's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. Ultra Oil is traded on NYSEARCA Exchange in the United States.| Latest headline from news.google.com: Peter Schiff questions Bitcoin ETF demand and 100K BTC price target - Cointelegraph | |
| The fund generated-5.0 ten year return of -5.0% | |
| ProShares Ultra Oil retains 199.64% of its assets under management (AUM) in equities |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ProShares Ultra Oil. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
The market value of ProShares Ultra Oil 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.