Proshares Ultrashort Basic Etf Profile
| SMN Etf | USD 13.54 0.06 0.45% |
Performance0 of 100
| Odds Of DistressLess than 9
|
ProShares UltraShort is selling at 13.54 as of the 28th of November 2024; that is 0.45 percent up since the beginning of the trading day. The etf's open price was 13.48. 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 Basic are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of December 2022 and ending today, the 28th 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 Basic is traded on NYSEARCA Exchange in the United States. More on ProShares UltraShort Basic
Moving against ProShares Etf
ProShares Etf Highlights
| Thematic Ideas | (View all Themes) |
| Old Name | Proshares Ultshrt Basic Mat |
| Business Concentration | HNX MidSmall Cap, HNX, Sector ETFs, Materials ETFs, Trading--Inverse Equity, ProShares (View all Sectors) |
| Issuer | ProShares |
| Inception Date | 2007-01-30 |
| Benchmark | S&P Materials Select Sector Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 743,990.51 |
| Average Trading Valume | 4,374.1 |
| Asset Type | Equity |
| Category | Sector |
| Focus | Materials |
| 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 | 27.0 |
| Market Maker | Virtu Financial |
| Total Expense | 2.59 |
| Management Fee | 0.75 |
| Country Name | USA |
| Returns Y T D | (14.6) |
| Name | ProShares UltraShort Basic Materials |
| Currency Code | USD |
| Open Figi | BBG000QXJD09 |
| In Threey Volatility | 44.94 |
| 1y Volatility | 30.77 |
| 200 Day M A | 14.4861 |
| 50 Day M A | 13.37 |
| Code | SMN |
| Updated At | 27th of November 2024 |
| Currency Name | US Dollar |
ProShares UltraShort Basic [SMN] 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 8.23 M in assets. , while the total return for the last 3 years was -16.3%.
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 Basic 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 Basic Etf Constituents
| CTVA | Corteva | Stock | Materials | |
| RS | Reliance Steel Aluminum | Stock | Materials | |
| NEU | NewMarket | Stock | Materials | |
| NGVT | Ingevity Corp | Stock | Materials | |
| APD | Air Products and | Stock | Materials | |
| NUE | Nucor Corp | Stock | Materials | |
| RGLD | Royal Gold | Stock | Materials | |
| CBT | Cabot | Stock | Materials |
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 | (0.0005) | |||
| Jensen Alpha | 0.1659 | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | 0.0152 |
ProShares UltraShort Against Markets
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares UltraShort Basic. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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.