ProShares Ultra is selling for under 38.17 as of the 30th of November 2024; that is 0.98 percent increase since the beginning of the trading day. The etf's last reported lowest price was 38.17. ProShares Ultra 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 Ultra Cloud 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 index is comprised of companies classified as cloud computing companies by the CTA. Ultra Nasdaq is traded on NASDAQ Exchange in the United States. More on ProShares Ultra Cloud
ProShares Ultra Cloud [SKYU] is traded in USA and was established 2021-01-19. The fund is listed under Trading--Inverse Equity category and is part of ProShares family. The entity is thematically classified as Strategy ETFs. ProShares Ultra Cloud at this time have 1.24 M in assets. , while the total return for the last 3 years was -6.6%.
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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.
When determining whether ProShares Ultra Cloud is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if ProShares Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Proshares Ultra Cloud Etf. Highlighted below are key reports to facilitate an investment decision about Proshares Ultra Cloud Etf:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares Ultra Cloud. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
The market value of ProShares Ultra Cloud 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.