Proshares Smart Materials Etf Profile
| TINT Etf | USD 31.40 0.20 0.64% |
Performance0 of 100
| Odds Of DistressLess than 9
|
ProShares Smart is selling for under 31.40 as of the 30th of November 2024; that is 0.64 percent increase since the beginning of the trading day. The etf's last reported lowest price was 31.4. ProShares Smart 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 Smart Materials 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 selects companies focused on making or applying industrial innovations which allow for improved products, processes, or techniques through advanced, responsive, or intelligent materials. Proshares Smart is traded on NYSEARCA Exchange in the United States. More on ProShares Smart Materials
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ProShares Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Theme ETFs, Natural Resources, ProShares (View all Sectors) |
| Issuer | ProShares |
| Inception Date | 2021-10-26 |
| Benchmark | Solactive Smart Materials Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 1.56 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Developed Markets |
| Region | Global |
| Administrator | J.P. Morgan Chase Bank, N.A. |
| Advisor | ProShare Advisors LLC |
| Custodian | J.P. Morgan Chase Bank, N.A. |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | Alexander Ilyasov, Scott Hanson |
| Transfer Agent | J.P. Morgan Chase Bank, N.A. |
| Fiscal Year End | 31-May |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 31.0 |
| Market Maker | SG Americas Securities, LLC |
| Total Expense | 0.58 |
| Management Fee | 0.58 |
| Country Name | USA |
| Returns Y T D | (7.45) |
| Name | ProShares Smart Materials ETF |
| Currency Code | USD |
| Open Figi | BBG0136JPL00 |
| In Threey Volatility | 25.39 |
| 1y Volatility | 16.23 |
| 200 Day M A | 32.8613 |
| 50 Day M A | 32.5228 |
| Code | TINT |
| Updated At | 30th of November 2024 |
| Currency Name | US Dollar |
| Type | ETF |
ProShares Smart Materials [TINT] is traded in USA and was established 2021-10-26. The fund is listed under Natural Resources category and is part of ProShares family. The entity is thematically classified as Strategy ETFs. ProShares Smart Materials at this time have 1.28 M in assets. , while the total return for the last 3 years was -6.3%.
Check ProShares Smart 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 Smart Materials 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 Smart Materials Currency Exposure
ProShares Smart Materials 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 Smart 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 Smart Materials.
Top ProShares Smart Materials Etf Constituents
| GLW | Corning Incorporated | Stock | Information Technology | |
| NGVT | Ingevity Corp | Stock | Materials | |
| HXL | Hexcel | Stock | Industrials | |
| CBT | Cabot | Stock | Materials | |
| MRK | Merck Company | Stock | Health Care | |
| AKE | Arkema SA | Stock | Materials | |
| SIKA | Sika AG | Stock | Specialty Chemicals | |
| AMAT | Applied Materials | Stock | Information Technology |
ProShares Smart Materials 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 Smart. 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 | (0.03) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.07) |
ProShares Smart Against Markets
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares Smart Materials. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
The market value of ProShares Smart Materials 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 Smart's value that differs from its market value or its book value, called intrinsic value, which is ProShares Smart'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 Smart's market value can be influenced by many factors that don't directly affect ProShares Smart'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 Smart's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Smart is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Smart'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.