Proshares Ultra Vix Etf Profile

UVXY Etf  USD 6.32  0.19  3.10%   

Performance

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Odds Of Distress

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ProShares Ultra is trading at 6.32 as of the 29th of March 2024; that is 3.10 percent up since the beginning of the trading day. The etf's open price was 6.13. 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 VIX are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of April 2022 and ending today, the 29th of March 2024. Click here to learn more.
The index seeks to offer exposure to market volatility through publicly traded futures markets and is designed to measure the implied volatility of the SP 500 over 30 days in the future. Trust Ultra is traded on BATS Exchange in the United States. More on ProShares Ultra VIX

Moving together with ProShares Etf

  1.0VXX IPath Series BPairCorr
  1.0VIXY ProShares VIX Short-TermPairCorr
  0.68VIXM ProShares VIX Mid-TermPairCorr

Moving against ProShares Etf

  0.9CEFD ETRACS Monthly PayPairCorr
  0.85ITDD Ishares Lifepath TargetPairCorr
  0.84YCS ProShares UltraShort YenPairCorr
  0.81RSPY Tuttle Capital ManagementPairCorr
  0.79UUP Invesco DB USPairCorr
  0.75DSJA DSJAPairCorr
  0.61EUO ProShares UltraShort EuroPairCorr

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.
Thematic Ideas
(View all Themes)
Business ConcentrationVolatility ETFs, Absolute Returns ETFs, Trading--Miscellaneous, ProShares (View all Sectors)
IssuerProShares
Inception Date2011-10-03
BenchmarkS&P 500 VIX Short-Term Futures Index
Entity TypePartnership
Asset Under Management265.85 Million
Average Trading Valume25.71 Million
Asset TypeMulti Asset
CategoryAbsolute Returns
FocusVolatility
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorThe Bank of New York Mellon Corporation
AdvisorProShare Advisors LLC
CustodianThe Bank of New York Mellon Corporation
DistributorSEI Investments Distribution Co.
Portfolio ManagerAlexander Ilyasov, James Linneman, George Banian
Transfer AgentBrown Brothers Harriman & Co.
TrusteeWilmington Trust Company
Fiscal Year End31-Dec
ExchangeCboe BZX Exchange, Inc.
Number of Constituents12.0
Market MakerVirtu Financial
Total Expense0.95
Management Fee0.95
Country NameUSA
Returns Y T D(27.37)
NameProShares Ultra VIX Short-Term Futures ETF
Currency CodeUSD
Open FigiBBG0024QY1Y6
In Threey Volatility69.69
1y Volatility49.57
200 Day M A12.9874
50 Day M A7.2314
CodeUVXY
Updated At28th of March 2024
ProShares Ultra VIX [UVXY] is traded in USA and was established 2011-10-03. The fund is listed under Trading--Miscellaneous category and is part of ProShares family. The entity is thematically classified as Volatility ETFs. ProShares Ultra VIX at this time have 1.01 B in net assets. , while the total return for the last 3 years was -78.1%.
Check ProShares Ultra Probability Of Bankruptcy

Top ProShares Ultra VIX Etf Constituents

VXXIPath Series BEtfTrading--Miscellaneous
More Details

ProShares Ultra Target Price Odds Analysis

Based on a normal probability distribution, the odds of ProShares Ultra jumping above the current price in 90 days from now is under 95%. The ProShares Ultra VIX probability density function shows the probability of ProShares Ultra etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days ProShares Ultra VIX has a beta of -3.9744. This usually implies as returns on its benchmark rise, returns on holding ProShares Ultra VIX are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, ProShares Ultra is expected to outperform its benchmark. Additionally, proShares Ultra VIX 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 6.32HorizonTargetOdds Above 6.32
5.56%90 days
 6.32 
94.40%
Based on a normal probability distribution, the odds of ProShares Ultra to move above the current price in 90 days from now is under 95 (This ProShares Ultra VIX probability density function shows the probability of ProShares Etf to fall within a particular range of prices over 90 days) .

ProShares Ultra Top Holders

HTUSCapitol Series TrustEtfLong-Short Equity
ABRSXAbr Enhanced ShortMutual FundLong-Short Equity
HDCAXRational Dividend CaptureMutual FundOptions Trading
HDCTXRational Dividend CaptureMutual FundOptions Trading
ABRJXAbr Enhanced ShortMutual FundLong-Short Equity
RQEAXResq Dynamic AllocationMutual FundTactical Allocation
RQECXResq Dynamic AllocationMutual FundTactical Allocation
More Details

ProShares Ultra VIX 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.

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 VIX 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.

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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 VIX 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 VIX 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 VIX, 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 VIX?

The danger of trading ProShares Ultra VIX 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 VIX 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 VIX 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 Vix Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Proshares Ultra Vix Etf:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares Ultra VIX. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in interest.
You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

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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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The market value of ProShares Ultra VIX 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.