Proshares Ultra Smallcap600 Etf Profile
| SAA Etf | USD 21.62 0.02 0.09% |
Performance0 of 100
| Odds Of DistressLess than 9
|
ProShares Ultra is trading at 21.62 as of the 18th of April 2024, a 0.09 percent increase since the beginning of the trading day. The etf's open price was 21.6. ProShares Ultra 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 Ultra SmallCap600 are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of May 2023 and ending today, the 18th of April 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. Ultra Smallcap600 is traded on NYSEARCA Exchange in the United States. More on ProShares Ultra SmallCap600
Moving together with ProShares Etf
| 0.63 | UPRO | ProShares UltraPro SP500 | PairCorr |
| 0.67 | TECL | Direxion Daily Technology | PairCorr |
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 Ultra's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding ProShares Ultra or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman of ProShares Trust | Michael Sapir |
| Thematic Ideas | (View all Themes) |
| Business Concentration | Size And Style ETFs, Small Cap ETFs, Trading--Leveraged Equity, ProShares (View all Sectors) |
| Issuer | ProShares |
| Inception Date | 2007-01-23 |
| Benchmark | S&P SmallCap 600 Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 29.67 Million |
| Average Trading Valume | 12,184.4 |
| Asset Type | Equity |
| Category | Size and Style |
| Focus | Small Cap |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | J.P. Morgan Investor Services Co. |
| Advisor | ProShare Advisors LLC |
| Custodian | JPMorgan Chase Bank, N.A. |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | Michael Neches, Devin Sullivan |
| Transfer Agent | JPMorgan Chase Bank, N.A. |
| Fiscal Year End | 31-Aug |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 714 |
| Market Maker | Virtu Financial |
| Total Expense | 1.35 |
| Management Fee | 0.75 |
| Country Name | USA |
| Returns Y T D | (11.99) |
| Name | ProShares Ultra SmallCap600 |
| Currency Code | USD |
| Open Figi | BBG000BB6SX8 |
| In Threey Volatility | 41.77 |
| 1y Volatility | 44.2 |
| 200 Day M A | 21.9482 |
| 50 Day M A | 23.7018 |
| Code | SAA |
| Updated At | 17th of April 2024 |
| Currency Name | US Dollar |
ProShares Ultra SmallCap600 [SAA] is traded in USA and was established 2007-01-23. The fund is classified under Trading--Leveraged Equity category within ProShares family. The entity is thematically classified as Size And Style ETFs. ProShares Ultra Smal at this time have 23.88 M in assets. , while the total return for the last 3 years was -10.2%.
Check ProShares Ultra Probability Of Bankruptcy
Geographic Allocation (%)
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 Ultra SmallCap600 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.
Top ProShares Ultra SmallCap600 Etf Constituents
| SEDG | SolarEdge Technologies | Stock | Information Technology |
| ARWR | Arrowhead Pharmaceuticals | Stock | Health Care |
| CPRI | Capri Holdings | Stock | Consumer Discretionary |
| BLKB | Blackbaud | Stock | Information Technology |
| YETI | YETI Holdings | Stock | Consumer Discretionary |
| MTH | Meritage | Stock | Consumer Discretionary |
| LITE | Lumentum Holdings | Stock | Information Technology |
ProShares Ultra Target Price Odds Analysis
What are ProShares Ultra's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of ProShares Ultra jumping above the current price in 90 days from now is close to 99%. The ProShares Ultra SmallCap600 probability density function shows the probability of ProShares Ultra etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the etf has a beta coefficient of 3.1391. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, ProShares Ultra will likely underperform. Additionally, proShares Ultra SmallCap600 has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of ProShares Ultra to move above the current price in 90 days from now is close to 99 (This ProShares Ultra SmallCap600 probability density function shows the probability of ProShares Etf to fall within a particular range of prices over 90 days) .
ProShares Ultra Smal Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. ProShares Ultra market risk premium is the additional return an investor will receive from holding ProShares Ultra 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 Ultra. 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 Ultra's alpha and beta are two of the key measurements used to evaluate ProShares Ultra's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.02) |
ProShares Ultra Against Markets
Picking the right benchmark for ProShares Ultra 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 Ultra 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 Ultra is critical whether you are bullish or bearish towards ProShares Ultra SmallCap600 at a given time. Please also check how ProShares Ultra'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 Ultra 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.Did you try this?
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| All Next | Launch Module |
How to buy ProShares Etf?
Before investing in ProShares Ultra, 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 Ultra. To buy ProShares Ultra etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of ProShares Ultra. 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 Ultra etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located ProShares Ultra SmallCap600 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 Ultra SmallCap600 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 Ultra SmallCap600, 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 Ultra guide.
Already Invested in ProShares Ultra SmallCap600?
The danger of trading ProShares Ultra SmallCap600 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 Ultra 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 Ultra. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ProShares Ultra Smal 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 Ultra Smal offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ProShares Ultra'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 Ultra Smallcap600 Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Proshares Ultra Smallcap600 Etf: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares Ultra SmallCap600. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the ProShares Ultra Smal information on this page should be used as a complementary analysis to other ProShares Ultra's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
The market value of ProShares Ultra Smal 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.