ProShares High Financials
| HYHG Etf | USD 65.75 0.03 0.05% |
Net Expense Ratio 0.005 | 3 y Sharp Ratio 0.51 |
ProShares |
The data published in ProShares High's official financial statements typically reflect ProShares High's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving ProShares High's quantitative information. For example, before you start analyzing numbers published by ProShares accountants, it's essential to understand ProShares High's liquidity, profitability, and earnings quality within the context of the ProShares space in which it operates.
ProShares High Etf Summary
ProShares High competes with WisdomTree Interest, WisdomTree SmallCap, WisdomTree Emerging, WisdomTree Emerging, and VictoryShares Discovery. Under normal circumstances, the fund will invest at least 80 percent of its total assets in high-yield bonds included in the index. High Yield is traded on BATS Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | BATS Exchange |
| ISIN | US74348A5415 |
| Region | North America |
| Investment Issuer | ProShares |
| Etf Family | ProShares |
| Fund Category | Corporate |
| Portfolio Concentration | High Yield |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
ProShares High Key Financial Ratios
ProShares Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining ProShares High's current stock value. Our valuation model uses many indicators to compare ProShares High value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across ProShares High competition to find correlations between indicators driving ProShares High's intrinsic value. More Info.ProShares High YieldInterest is one of the top ETFs in beta as compared to similar ETFs. It also is one of the top ETFs in one year return as compared to similar ETFs reporting about 49.26 of One Year Return per Beta. Comparative valuation analysis is a catch-all technique that is used if you cannot value ProShares High by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.ProShares High Yield Systematic Risk
ProShares High's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. ProShares High volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on ProShares High Yield correlated with the market. If Beta is less than 0 ProShares High generally moves in the opposite direction as compared to the market. If ProShares High Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one ProShares High Yield is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of ProShares High is generally in the same direction as the market. If Beta > 1 ProShares High moves generally in the same direction as, but more than the movement of the benchmark.
About ProShares High Financials
What exactly are ProShares High Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include ProShares High's income statement, its balance sheet, and the statement of cash flows. Potential ProShares High investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although ProShares High investors may use each financial statement separately, they are all related. The changes in ProShares High's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on ProShares High's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.ProShares High Thematic Clasifications
ProShares High YieldInterest is part of several thematic ideas from Corporate ETFs to High Yield ETFs. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasProShares High November 28, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of ProShares High help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of ProShares High YieldInterest. We use our internally-developed statistical techniques to arrive at the intrinsic value of ProShares High YieldInterest based on widely used predictive technical indicators. In general, we focus on analyzing ProShares Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build ProShares High's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.2022 | |||
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 1.1 | |||
| Value At Risk | (0.35) | |||
| Potential Upside | 0.3919 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ProShares High YieldInterest. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
The market value of ProShares High Yield 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 High's value that differs from its market value or its book value, called intrinsic value, which is ProShares High'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 High's market value can be influenced by many factors that don't directly affect ProShares High'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 High's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares High'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.