Proshares Short Dow30 Etf Profile

DOG Etf  USD 28.31  0.02  0.07%   

Performance

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Odds Of Distress

Less than 9

 
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ProShares Short is trading at 28.31 as of the 28th of March 2024. This is a -0.07 percent decrease since the beginning of the trading day. The etf's lowest day price was 28.26. ProShares Short 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 Short Dow30 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.
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. Short Dow30 is traded on NYSEARCA Exchange in the United States. More on ProShares Short Dow30

Moving together with ProShares Etf

  0.89SH ProShares Short SP500PairCorr
  0.9PSQ ProShares Short QQQPairCorr
  0.89SPXU ProShares UltraPro ShortPairCorr
  0.89SDS ProShares UltraShortPairCorr
  0.93SPXS Direxion Daily SPPairCorr
  0.85QID ProShares UltraShort QQQ Aggressive PushPairCorr

Moving against ProShares Etf

  0.93UPRO ProShares UltraPro SP500 Sell-off TrendPairCorr
  0.93XDJA Innovator ETFs TrustPairCorr
  0.91XTOC Innovator ETFs TrustPairCorr
  0.9QTJA Innovator ETFs TrustPairCorr
  0.9QTOC Innovator ETFs TrustPairCorr
  0.9XTJA Innovator ETFs TrustPairCorr
  0.88XTAP Innovator US EquityPairCorr

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 Short's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding ProShares Short or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Chairman of ProShares TrustMichael Sapir
Thematic Ideas
(View all Themes)
Business ConcentrationLarge Cap ETFs, Size And Style ETFs, Trading--Inverse Equity, ProShares (View all Sectors)
IssuerProShares
Inception Date2006-06-19
BenchmarkDow Jones Industrial Average Index
Entity TypeRegulated Investment Company
Asset Under Management170.96 Million
Average Trading Valume1.16 Million
Asset TypeEquity
CategorySize and Style
FocusLarge Cap
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorJ.P. Morgan Investor Services Co.
AdvisorProShare Advisors LLC
CustodianJPMorgan Chase Bank, N.A.
DistributorSEI Investments Distribution Co.
Portfolio ManagerMichael Neches, Devin Sullivan
Transfer AgentJPMorgan Chase Bank, N.A.
Fiscal Year End31-Dec
ExchangeNYSE Arca, Inc.
Number of Constituents37.0
Market MakerPundion
Total Expense0.96
Management Fee0.75
Country NameUSA
Returns Y T D(2.57)
NameProShares Short Dow30
Currency CodeUSD
Open FigiBBG000PNKZW6
In Threey Volatility16.27
1y Volatility12.44
200 Day M A31.435
50 Day M A29.2402
CodeDOG
Updated At27th of March 2024
Currency NameUS Dollar
ProShares Short Dow30 [DOG] is traded in USA and was established 2006-06-19. The fund is classified under Trading--Inverse Equity category within ProShares family. The entity is thematically classified as Large Cap ETFs. ProShares Short Dow30 currently have 340.73 M in assets under management (AUM). , while the total return for the last 3 years was -5.4%.
Check ProShares Short 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 Short Dow30 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.

ProShares Short Target Price Odds Analysis

In reference to a normal probability distribution, the odds of ProShares Short jumping above the current price in 90 days from now is about 98.0%. The ProShares Short Dow30 probability density function shows the probability of ProShares Short etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon ProShares Short has a beta of 0.0806 suggesting as returns on the market go up, ProShares Short average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding ProShares Short Dow30 will be expected to be much smaller as well. Additionally, proShares Short Dow30 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 28.31HorizonTargetOdds Above 28.31
1.67%90 days
 28.31 
98.25%
Based on a normal probability distribution, the odds of ProShares Short to move above the current price in 90 days from now is about 98.0 (This ProShares Short Dow30 probability density function shows the probability of ProShares Etf to fall within a particular range of prices over 90 days) .

ProShares Short Dow30 Risk Profiles

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

ProShares Short Against Markets

Picking the right benchmark for ProShares Short 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 Short 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 Short is critical whether you are bullish or bearish towards ProShares Short Dow30 at a given time. Please also check how ProShares Short'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 Short 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 Short, 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 Short. To buy ProShares Short etf, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of ProShares Short. 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 Short etf. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located ProShares Short Dow30 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 Short Dow30 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 Short Dow30, 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 Short guide.

Already Invested in ProShares Short Dow30?

The danger of trading ProShares Short Dow30 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 Short 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 Short. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ProShares Short Dow30 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 Short Dow30 is a strong investment it is important to analyze ProShares Short's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ProShares Short's future performance. For an informed investment choice regarding ProShares Etf, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ProShares Short Dow30. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

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When running ProShares Short's price analysis, check to measure ProShares Short'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 Short is operating at the current time. Most of ProShares Short's value examination focuses on studying past and present price action to predict the probability of ProShares Short'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 Short's price. Additionally, you may evaluate how the addition of ProShares Short to your portfolios can decrease your overall portfolio volatility.
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The market value of ProShares Short Dow30 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.