Proshares Hedge Replication Etf Performance
| HDG Etf | USD 48.93 0.15 0.31% |
The etf holds a Beta of 0.0479, which implies not very significant fluctuations relative to the market. As returns on the market increase, ProShares Hedge's returns are expected to increase less than the market. However, during the bear market, the loss of holding ProShares Hedge is expected to be smaller as well.
Risk-Adjusted Performance
5 of 100
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Modest
Compared to the overall equity markets, risk-adjusted returns on investments in ProShares Hedge Replication are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. Despite nearly stable fundamental indicators, ProShares Hedge is not utilizing all of its potentials. The latest stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
| In Threey Sharp Ratio | -0.43 |
ProShares |
ProShares Hedge Relative Risk vs. Return Landscape
If you would invest 4,830 in ProShares Hedge Replication on January 29, 2024 and sell it today you would earn a total of 63.00 from holding ProShares Hedge Replication or generate 1.3% return on investment over 90 days. ProShares Hedge Replication is generating 0.0207% of daily returns assuming volatility of 0.3061% on return distribution over 90 days investment horizon. In other words, 2% of etfs are less volatile than ProShares, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
ProShares Hedge Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares Hedge's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as ProShares Hedge Replication, and traders can use it to determine the average amount a ProShares Hedge's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0677
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | HDG |
Estimated Market Risk
| 0.31 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average ProShares Hedge is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ProShares Hedge by adding it to a well-diversified portfolio.
ProShares Hedge Fundamentals Growth
ProShares Etf prices reflect investors' perceptions of the future prospects and financial health of ProShares Hedge, and ProShares Hedge fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on ProShares Etf performance.
| Price To Earning | 20.43 X | |||
| Price To Book | 1.95 X | |||
| Price To Sales | 1.18 X | |||
| Total Asset | 39.91 M | |||
About ProShares Hedge Performance
To evaluate ProShares Hedge Repl Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when ProShares Hedge generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare ProShares Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand ProShares Hedge Repl market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents ProShares's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the benchmark. Hedge Replication is traded on NYSEARCA Exchange in the United States.| The fund generated three year return of -1.0% |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ProShares Hedge Replication. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Note that the ProShares Hedge Repl information on this page should be used as a complementary analysis to other ProShares Hedge'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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
The market value of ProShares Hedge Repl 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 Hedge's value that differs from its market value or its book value, called intrinsic value, which is ProShares Hedge'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 Hedge's market value can be influenced by many factors that don't directly affect ProShares Hedge'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 Hedge's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Hedge is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Hedge'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.