Proshares Ultrashort Financials Etf Beta
| SKF Etf | USD 29.95 0.09 0.30% |
Fundamental analysis of ProShares UltraShort allows traders to better anticipate movements in ProShares UltraShort's stock price by examining its financial health and performance throughout various phases of its business cycle.
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ProShares UltraShort Financials ETF Beta Analysis
ProShares UltraShort'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 UltraShort Beta | -2.0 |
Most of ProShares UltraShort'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 UltraShort Financials 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 UltraShort Financials has a Beta of -2.0. This is much lower than that of the ProShares family and significantly lower than that of the Trading--Inverse Equity 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 UltraShort'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 UltraShort could also be used in its relative valuation, which is a method of valuing ProShares UltraShort by comparing valuation metrics of similar companies.ProShares UltraShort is currently under evaluation in beta as compared to similar ETFs.
As returns on the market increase, returns on owning ProShares UltraShort are expected to decrease by larger amounts. On the other hand, during market turmoil, ProShares UltraShort is expected to outperform it.
ProShares Fundamentals
| Number Of Employees | 10 | |||
| Beta | -2.0 | |||
| Total Asset | 21.73 M | |||
| One Year Return | (34.80) % | |||
| Three Year Return | (23.70) % | |||
| Five Year Return | (39.90) % | |||
| Ten Year Return | (31.70) % | |||
| Net Asset | 21.73 M | |||
| Last Dividend Paid | 0.0426 | |||
| Equity Positions Weight | (199.87) % |
About ProShares UltraShort Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ProShares UltraShort Financials's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ProShares UltraShort using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ProShares UltraShort Financials 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.
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Check out ProShares UltraShort Piotroski F Score and ProShares UltraShort Altman Z Score analysis. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
The market value of ProShares UltraShort 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 UltraShort's value that differs from its market value or its book value, called intrinsic value, which is ProShares UltraShort'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 UltraShort's market value can be influenced by many factors that don't directly affect ProShares UltraShort'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 UltraShort's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares UltraShort is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares UltraShort'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.