Proshares Ultrashort Utilities Etf Profile
| SDP Etf | USD 14.41 0.07 0.49% |
Performance0 of 100
| Odds Of DistressLess than 9
|
ProShares UltraShort is selling at 14.41 as of the 30th of November 2024; that is 0.49 percent up since the beginning of the trading day. The etf's last reported lowest price was 14.3. ProShares UltraShort has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for ProShares UltraShort Utilities are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of June 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. Ultrashort Utilities is traded on NYSEARCA Exchange in the United States. More on ProShares UltraShort Utilities
Moving together with ProShares Etf
| 0.63 | SH | ProShares Short SP500 | PairCorr |
| 0.65 | SPXU | ProShares UltraPro Short | PairCorr |
| 0.64 | SDS | ProShares UltraShort | PairCorr |
| 0.65 | SPXS | Direxion Daily SP | PairCorr |
Moving against ProShares Etf
ProShares Etf Highlights
| Thematic Ideas | (View all Themes) |
| Old Name | SDP JSC |
| Business Concentration | Sector ETFs, Utilities ETFs, Energy, Trading--Inverse Equity, ProShares (View all Sectors) |
| Issuer | ProShares |
| Inception Date | 2007-01-30 |
| Benchmark | S&P Utilities Select Sector Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 2.26 Million |
| Average Trading Valume | 23,057.8 |
| Asset Type | Equity |
| Category | Sector |
| Focus | Utilities |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | JPMorgan Chase Bank, N.A. |
| Advisor | ProShare Advisors LLC |
| Custodian | JPMorgan Chase Bank, N.A. |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | Michael Neches, Tarak Dave |
| Transfer Agent | JPMorgan Chase Bank, N.A. |
| Fiscal Year End | 31-May |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 30.0 |
| Market Maker | IMC |
| Total Expense | 3.37 |
| Management Fee | 0.75 |
| Country Name | USA |
| Returns Y T D | (40.7) |
| Name | ProShares UltraShort Utilities |
| Currency Code | USD |
| Open Figi | BBG000QXK1Q5 |
| In Threey Volatility | 35.75 |
| 1y Volatility | 29.09 |
| 200 Day M A | 19.5759 |
| 50 Day M A | 15.3642 |
| Code | SDP |
| Updated At | 30th of November 2024 |
| Currency Name | US Dollar |
ProShares UltraShort Utilities [SDP] is traded in USA and was established 2007-01-30. The fund is classified under Trading--Inverse Equity category within ProShares family. The entity is thematically classified as Sector ETFs. ProShares UltraShort at this time have 3.94 M in assets. , while the total return for the last 3 years was -20.0%.
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 Utilities 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 UltraShort Utilities Etf Constituents
| AWK | American Water Works | Stock | Utilities | |
| SRE | Sempra Energy | Stock | Utilities | |
| SO | Southern Company | Stock | Utilities | |
| NFG | National Fuel Gas | Stock | Utilities | |
| VST | Vistra Energy Corp | Stock | Utilities | |
| SWX | Southwest Gas Holdings | Stock | Utilities | |
| PPL | PPL Corporation | Stock | Utilities | |
| EVRG | Evergy, | Stock | Utilities |
ProShares UltraShort 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 | (0.1) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | 0.7101 |
ProShares UltraShort Against Markets
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares UltraShort Utilities. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
The market value of ProShares UltraShort 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.