Proshares Ultrashort Yen Etf Profile

YCS Etf  USD 81.69  0.36  0.44%   

Performance

22 of 100

 
Low
 
High
Solid

Odds Of Distress

Less than 9

 
100  
 
Zero
Low
ProShares UltraShort is selling for under 81.69 as of the 28th of March 2024; that is -0.44% down since the beginning of the trading day. The etf's lowest day price was 81.4. ProShares UltraShort has less than a 9 % chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for ProShares UltraShort Yen are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 7th of June 2022 and ending today, the 28th of March 2024. Click here to learn more.
The fund seeks to meet its investment objective by investing under normal market conditions in any one of, or combinations of, Financial Instruments based on the funds benchmark. Ultrashort Yen is traded on NYSEARCA Exchange in the United States. More on ProShares UltraShort Yen

Moving together with ProShares Etf

  0.96UUP Invesco DB USPairCorr
  0.8EUO ProShares UltraShort EuroPairCorr

Moving against ProShares Etf

  0.84VIXY ProShares VIX Short-TermPairCorr
  0.83VXX IPath Series BPairCorr
  0.77UDN Invesco DB USPairCorr
  0.67VIXM ProShares VIX Mid-TermPairCorr
  0.65VXZ IPath Series BPairCorr

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 UltraShort's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding ProShares UltraShort or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Old NameCYBERCOM GROUP - Frankfurt Stock Exchang
Business ConcentrationTrading--Miscellaneous, ProShares (View all Sectors)
IssuerProShares
Inception Date2008-11-24
BenchmarkJPY/USD Exchange Rate
Entity TypePartnership
Asset Under Management32.6 Million
Average Trading Valume17,450.9
Asset TypeCurrency
CategoryJapanese Yen
FocusJapanese Yen
Market ConcentrationDeveloped Markets
RegionAsia-Pacific
AdministratorThe Bank of New York Mellon Corporation
AdvisorProShare Advisors LLC
CustodianThe Bank of New York Mellon Corporation
DistributorSEI Investments Distribution Co.
Portfolio ManagerAlexander Ilyasov
Transfer AgentBrown Brothers Harriman & Co.
TrusteeWilmington Trust Company
Fiscal Year End31-Dec
ExchangeNYSE Arca, Inc.
Number of Constituents18.0
Market MakerPundion
Total Expense0.95
Management Fee0.95
Country NameUSA
Returns Y T D18.63
NameProShares UltraShort Yen
Currency CodeUSD
Open FigiBBG000CTBTW1
In Threey Volatility21.8
1y Volatility20.19
200 Day M A73.0197
50 Day M A78.225
CodeYCS
Updated At26th of March 2024
ProShares UltraShort Yen [YCS] is traded in USA and was established 2008-11-24. The fund is classified under Trading--Miscellaneous category within ProShares family. ProShares UltraShort Yen at this time have 51.95 M in net assets. , while the total return for the last 3 years was 29.6%.
Check ProShares UltraShort 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 UltraShort Yen 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 UltraShort Yen Currency Exposure

ProShares UltraShort Yen holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of ProShares UltraShort will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in ProShares UltraShort Yen.

ProShares UltraShort Target Price Odds Analysis

Attributed to a normal probability distribution, the odds of ProShares UltraShort jumping above the current price in 90 days from now is about 8.22%. The ProShares UltraShort Yen probability density function shows the probability of ProShares UltraShort etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon ProShares UltraShort Yen has a beta of -0.1401. This entails as returns on benchmark increase, returns on holding ProShares UltraShort are expected to decrease at a much lower rate. During the bear market, however, ProShares UltraShort Yen is likely to outperform the market. Additionally, proShares UltraShort Yen has an alpha of 0.2279, implying that it can generate a 0.23 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 81.69HorizonTargetOdds Above 81.69
91.68%90 days
 81.69 
8.22%
Based on a normal probability distribution, the odds of ProShares UltraShort to move above the current price in 90 days from now is about 8.22 (This ProShares UltraShort Yen probability density function shows the probability of ProShares Etf to fall within a particular range of prices over 90 days) .

ProShares UltraShort Yen Risk Profiles

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

ProShares UltraShort Against Markets

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

Already Invested in ProShares UltraShort Yen?

The danger of trading ProShares UltraShort Yen 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 UltraShort 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 UltraShort. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ProShares UltraShort Yen 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 UltraShort Yen is a strong investment it is important to analyze ProShares UltraShort'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 UltraShort's future performance. For an informed investment choice regarding ProShares Etf, refer to the following important reports:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ProShares UltraShort Yen. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
Note that the ProShares UltraShort Yen information on this page should be used as a complementary analysis to other ProShares UltraShort'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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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