Proshares Ultra Qqq Etf Performance

The etf holds a Beta of 0.87, which implies possible diversification benefits within a given portfolio. ProShares Ultra returns are very sensitive to returns on the market. As the market goes up or down, ProShares Ultra is expected to follow.

Risk-Adjusted Performance

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Compared to the overall equity markets, risk-adjusted returns on investments in ProShares Ultra QQQ are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. In spite of rather unfluctuating essential indicators, ProShares Ultra exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
In Threey Sharp Ratio0.40
  

ProShares Ultra Relative Risk vs. Return Landscape

If you would invest  7,729  in ProShares Ultra QQQ on April 21, 2024 and sell it today you would earn a total of  2,040  from holding ProShares Ultra QQQ or generate 26.39% return on investment over 90 days. ProShares Ultra QQQ is generating 0.3953% of daily returns assuming volatility of 1.842% on return distribution over 90 days investment horizon. In other words, 16% of etfs are less volatile than ProShares, and above 93% of all equities are expected to generate higher returns over the next 90 days.
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Considering the 90-day investment horizon ProShares Ultra is expected to generate 2.82 times more return on investment than the market. However, the company is 2.82 times more volatile than its market benchmark. It trades about 0.21 of its potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly 0.13 per unit of 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 QQQ, 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 = 0.2146

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Estimated Market Risk

 1.84
  actual daily
16
84% of assets are more volatile

Expected Return

 0.4
  actual daily
7
93% of assets have higher returns

Risk-Adjusted Return

 0.21
  actual daily
16
84% of assets perform better
Based on monthly moving average ProShares Ultra is performing at about 16% 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.
ProShares Ultra QQQ is not yet fully synchronised with the market data
ProShares Ultra QQQ has some characteristics of a very speculative penny stock
The fund maintains 92.01% of its assets in stocks
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

Other Tools for ProShares Etf

When running ProShares Ultra's price analysis, check to measure ProShares Ultra'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 Ultra is operating at the current time. Most of ProShares Ultra's value examination focuses on studying past and present price action to predict the probability of ProShares Ultra'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 Ultra's price. Additionally, you may evaluate how the addition of ProShares Ultra to your portfolios can decrease your overall portfolio volatility.
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