Proshares Metaverse Etf Profile
| VERS Etf | USD 37.66 0.80 2.08% |
Performance0 of 100
| Odds Of DistressOver 64
|
ProShares Metaverse is selling for under 37.66 as of the 19th of April 2024; that is -2.08 percent decrease since the beginning of the trading day. The etf's lowest day price was 37.66. ProShares Metaverse has more than 64 % chance of experiencing financial distress in the next few years of operation. It also generated negative returns for investors over the last 90 days. Equity ratings for ProShares Metaverse ETF are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of April 2022 and ending today, the 19th of April 2024. Click here to learn more.
The index consists of companies that provide innovative technologies to offer products and services around the Metaverse. Proshares Metaverse is traded on NYSEARCA Exchange in the United States. The company has 151.56 M outstanding shares. More on ProShares Metaverse ETF
Moving together with ProShares Etf
| 0.9 | CIBR | First Trust NASDAQ | 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 Metaverse's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding ProShares Metaverse or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Adityo Prakash |
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Theme ETFs, Technology, ProShares (View all Sectors) |
| Issuer | ProShares |
| Inception Date | 2022-03-15 |
| Benchmark | Solactive Metaverse Theme Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 5.07 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | J.P. Morgan Investor Services Co. |
| Advisor | ProShare Advisors |
| Custodian | JPMorgan Chase Bank, N.A. |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | Michael Neches, Tarak Dave |
| Fiscal Year End | 31-May |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 41.0 |
| Market Maker | Latour Trading |
| Total Expense | 0.58 |
| Management Fee | 0.58 |
| Country Name | USA |
| Returns Y T D | (8.94) |
| Name | ProShares Metaverse ETF |
| Currency Code | USD |
| Open Figi | BBG016323QJ6 |
| 1y Volatility | 28.89 |
| 200 Day M A | 39.0672 |
| 50 Day M A | 41.3278 |
| Code | VERS |
| Updated At | 19th of April 2024 |
| Currency Name | US Dollar |
| Type | ETF |
ProShares Metaverse ETF [VERS] is traded in USA and was established 2022-03-15. The fund is listed under Technology category and is part of ProShares family. The entity is thematically classified as Strategy ETFs. ProShares Metaverse ETF at this time have 5.66 M in net assets. , while the total return for the last year was 17.1%.
ProShares Metaverse ETF currently holds about 2.26 M in cash with (18.49 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
Check ProShares Metaverse 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 Metaverse ETF 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 Metaverse ETF Etf Constituents
| AAPL | Apple Inc | Stock | Information Technology |
| AMZN | Amazon Inc | Stock | Consumer Discretionary |
| GOOGL | Alphabet Inc Class A | Stock | Communication Services |
| KOPN | Kopin | Stock | Information Technology |
| META | Meta Platforms | Stock | Communication Services |
| MSFT | Microsoft | Stock | Information Technology |
| NVDA | NVIDIA | Stock | Information Technology |
ProShares Metaverse Target Price Odds Analysis
Attributed to a normal probability distribution, the odds of ProShares Metaverse jumping above the current price in 90 days from now is close to 99%. The ProShares Metaverse ETF probability density function shows the probability of ProShares Metaverse etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the etf has a beta coefficient of 1.5646. This entails 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 Metaverse will likely underperform. Additionally, proShares Metaverse ETF 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 Metaverse to move above the current price in 90 days from now is close to 99 (This ProShares Metaverse ETF probability density function shows the probability of ProShares Etf to fall within a particular range of prices over 90 days) .
ProShares Metaverse ETF Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. ProShares Metaverse market risk premium is the additional return an investor will receive from holding ProShares Metaverse 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 Metaverse. 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 Metaverse's alpha and beta are two of the key measurements used to evaluate ProShares Metaverse's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.05) |
ProShares Metaverse Against Markets
Picking the right benchmark for ProShares Metaverse 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 Metaverse 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 Metaverse is critical whether you are bullish or bearish towards ProShares Metaverse ETF at a given time. Please also check how ProShares Metaverse'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 Metaverse 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?
Run Technical Analysis Now
Technical AnalysisCheck basic technical indicators and analysis based on most latest market data |
| All Next | Launch Module |
How to buy ProShares Etf?
Before investing in ProShares Metaverse, 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 Metaverse. To buy ProShares Metaverse etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of ProShares Metaverse. 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 Metaverse etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located ProShares Metaverse ETF 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 Metaverse ETF 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 Metaverse ETF, 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 Metaverse guide.
Already Invested in ProShares Metaverse ETF?
The danger of trading ProShares Metaverse ETF 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 Metaverse 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 Metaverse. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ProShares Metaverse ETF 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 Metaverse ETF is a strong investment it is important to analyze ProShares Metaverse'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 Metaverse's future performance. For an informed investment choice regarding ProShares Etf, refer to the following important reports: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares Metaverse ETF. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
The market value of ProShares Metaverse ETF 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 Metaverse's value that differs from its market value or its book value, called intrinsic value, which is ProShares Metaverse'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 Metaverse's market value can be influenced by many factors that don't directly affect ProShares Metaverse'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 Metaverse's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Metaverse is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Metaverse'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.