Proshares Ultra Smallcap600 Etf Profile
| SAA Etf | USD 31.11 0.15 0.48% |
Performance10 of 100
| Odds Of DistressLess than 9
|
ProShares Ultra is trading at 31.11 as of the 30th of November 2024, a 0.48% up since the beginning of the trading day. The etf's open price was 30.96. ProShares Ultra has less than a 9 % chance of experiencing financial distress in the next few years and had a ok performance during the last 90 days. Equity ratings for ProShares Ultra SmallCap600 are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of September 2024 and ending today, the 30th of November 2024. Click here to learn more.
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. Ultra Smallcap600 is traded on NYSEARCA Exchange in the United States. More on ProShares Ultra SmallCap600
Moving together with ProShares Etf
| 0.88 | SSO | ProShares Ultra SP500 | PairCorr |
| 0.88 | SPXL | Direxion Daily SP500 | PairCorr |
| 0.83 | QLD | ProShares Ultra QQQ | PairCorr |
| 0.88 | UPRO | ProShares UltraPro SP500 | PairCorr |
| 0.72 | TECL | Direxion Daily Technology | PairCorr |
Moving against ProShares Etf
ProShares Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Small Cap ETFs, Size And Style ETFs, Trading--Leveraged Equity, ProShares (View all Sectors) |
| Issuer | ProShares |
| Inception Date | 2007-01-23 |
| Benchmark | S&P SmallCap 600 Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 43.55 Million |
| Average Trading Valume | 9,936.1 |
| Asset Type | Equity |
| Category | Size and Style |
| Focus | Small Cap |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | J.P. Morgan Investor Services Co. |
| Advisor | ProShare Advisors LLC |
| Custodian | JPMorgan Chase Bank, N.A. |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | Michael Neches, Devin Sullivan |
| Transfer Agent | JPMorgan Chase Bank, N.A. |
| Fiscal Year End | 31-Aug |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 667 |
| Market Maker | Virtu Financial |
| Total Expense | 1.39 |
| Management Fee | 0.75 |
| Country Name | USA |
| Returns Y T D | 25.81 |
| Name | ProShares Ultra SmallCap600 |
| Currency Code | USD |
| Open Figi | BBG000BB6SX8 |
| In Threey Volatility | 44.28 |
| 1y Volatility | 42.09 |
| 200 Day M A | 25.1472 |
| 50 Day M A | 27.6354 |
| Code | SAA |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.02) |
ProShares Ultra SmallCap600 [SAA] is traded in USA and was established 2007-01-23. The fund is classified under Trading--Leveraged Equity category within ProShares family. The entity is thematically classified as Small Cap ETFs. ProShares Ultra Smal at this time have 23.88 M in assets. , while the total return for the last 3 years was 1.8%.
Check ProShares Ultra 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 Ultra SmallCap600 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 Ultra Smal Currency Exposure
ProShares Ultra SmallCap600 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 Ultra 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 Ultra SmallCap600.
Top ProShares Ultra SmallCap600 Etf Constituents
| CACI | CACI International | Stock | Information Technology | |
| CPRI | Capri Holdings | Stock | Consumer Discretionary | |
| ALE | Allete Inc | Stock | Utilities | |
| HCSG | Healthcare Services Group | Stock | Industrials | |
| FIVE | Five Below | Stock | Consumer Discretionary | |
| LHCG | LHC Group | Stock | Health Care | |
| FFIN | First Financial Bankshares | Stock | Financials | |
| EXPO | Exponent | Stock | Industrials |
ProShares Ultra Smal 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 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.
| Risk Adjusted Performance | 0.0881 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0681 |
ProShares Ultra Against Markets
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares Ultra SmallCap600. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
The market value of ProShares Ultra Smal 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.