Proshares Ultrashort Euro Etf Profile
| EUO Etf | USD 33.41 0.59 1.74% |
Performance14 of 100
| Odds Of DistressLess than 10
|
ProShares UltraShort is selling at 33.41 as of the 28th of November 2024; that is 1.74% down since the beginning of the trading day. The etf's open price was 34.0. ProShares UltraShort has less than a 10 % chance of experiencing some financial distress in the next two years of operation and had a good performance during the last 90 days. Equity ratings for ProShares UltraShort Euro are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of August 2024 and ending today, the 28th of November 2024. Click here to learn more.
The fund seeks to meet its investment objective, under normal market conditions, by obtaining short exposures to its benchmark through futures contracts on its underlying currency. Ultrashort Euro is traded on NYSEARCA Exchange in the United States. More on ProShares UltraShort Euro
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ProShares Etf Highlights
| Old Name | Eurocontrol Technics Group Inc |
| Business Concentration | Trading--Miscellaneous, ProShares (View all Sectors) |
| Issuer | ProShares |
| Inception Date | 2008-11-24 |
| Benchmark | EUR/USD Exchange Rate |
| Entity Type | Partnership |
| Asset Under Management | 37.34 Million |
| Average Trading Valume | 22,420.6 |
| Asset Type | Currency |
| Category | Euro |
| Focus | Euro |
| Market Concentration | Developed Markets |
| Region | Europe |
| Administrator | The Bank of New York Mellon Corporation |
| Advisor | ProShare Advisors LLC |
| Custodian | The Bank of New York Mellon Corporation |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | Alexander Ilyasov |
| Transfer Agent | Brown Brothers Harriman & Co. |
| Trustee | Wilmington Trust Company |
| Fiscal Year End | 31-Dec |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 30.0 |
| Market Maker | Pundion |
| Total Expense | 0.95 |
| Management Fee | 0.95 |
| Country Name | USA |
| Returns Y T D | 16.63 |
| Name | ProShares UltraShort Euro |
| Currency Code | USD |
| Open Figi | BBG000CT5J69 |
| In Threey Volatility | 14.74 |
| 1y Volatility | 11.7 |
| 200 Day M A | 31.0421 |
| 50 Day M A | 31.5682 |
| Code | EUO |
| Updated At | 27th of November 2024 |
ProShares UltraShort Euro [EUO] is traded in USA and was established 2008-11-24. The fund is classified under Trading--Miscellaneous category within ProShares family. ProShares UltraShort Euro currently have 90.62 M in assets under management (AUM). , while the total return for the last 3 years was 9.1%.
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 Euro 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 Euro Currency Exposure
ProShares UltraShort Euro 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 Euro.
Top ProShares UltraShort Euro Etf Constituents
| EURO/US DOLLAR FORWARD - GOLDMAN SACHS | 100% |
| EURO/US DOLLAR FORWARD - UBS | 100% |
| Net Other Assets / Cash | 100% |
ProShares UltraShort Euro Risk Profiles
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.
| Risk Adjusted Performance | 0.1883 | |||
| Jensen Alpha | 0.1693 | |||
| Total Risk Alpha | 0.0665 | |||
| Sortino Ratio | 0.0977 |
ProShares UltraShort Against Markets
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ProShares UltraShort Euro. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
The market value of ProShares UltraShort Euro 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.